The industry began seeing signs of an expected significant increase in off-lease supply as 2014 wrapped up with a modest drop in wholesale prices. According to ADESA Analytical Services, wholesale prices dropped 0.3 percent from November versus last month to rest at an average of $9,844. This is still up 2 percent year-over-year, but recent […] [Read More]

There’s a relatively new and growing player in the vehicle history and inspection space that offers details on prior repairs and existing damage a vehicle’s exterior body, while also verifying structural soundness of the car. TrueFrame — which launched in 2014 and is now available in nearly 20 markets, with more to come this year — works with Carfax and AutoCheck, […] [Read More]

ADESA’s auction location in the Valley of the Sun is preparing for its fifth annual Legendary Sales Week. ADESA Phoenix’s event will feature special happenings on Tuesday and Wednesday, coinciding with the Barrett-Jackson Collector Car Event in Scottsdale, Ariz., which runs through Jan. 18. “As one of our most anticipated annual events, this year’s Legendary […] [Read More]

Manheim reported that wholesale values increased in the fourth quarter by nearly 2 percent to finish 2014 slightly higher than the previous year, as consumer demand for used models remained strong. The movement left the Q4 reading of the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and […] [Read More]

Almost exactly nine months after a Mississippi tornado swept through its property and delivered a mighty punch, Mid-South Auction — which is part of the XLerate Group — is reopening its auction arena and debuting updated facilities on Jan. 27, while also introducing a new general manager. Among the new amenities to the arena are […] [Read More]

As we inch closer to tax season and the positive price movement and sales jumps that normally come with it, depreciation in the lanes continues to ease. Black Book data showed December saw a continued lowering in monthly depreciation, and overall, the company asserts that vehicle prices remained resilient throughout 2014 — better than expected, in […] [Read More]

Recapping a month where auction values jumped 0.9 percent year-over-year, Kelley Blue Book has shared the 10 individual models whose prices climbed the highest in the lanes during December. In its latest Blue Book Market Report, the company took the Kelley Blue Book Auction Value of 2011 through 2013 model-year vehicles, then listed the following […] [Read More]

The National Auto Auction Association is hosting its “Stay in Sync with NAAA’s Arbitration Policy” webinar on Jan. 16 at 2 p.m EST. Matt Arias, the NAAA Auction Standards Committee co-chair and director of arbitration for Manheim, will be on hand to review the changes to the NAAA Arbitration Policy, which will go into effect […] [Read More]

The International Automotive Remarketers Alliance would like to remind its members to renew their memberships this month for the next year. Potential members can also sign up on the organization’s website. According to the organization, membership will help individuals improve their company’s performance, have a voice in the change in the industry, network with consignors […] [Read More]

To wrap up another year of providing the wholesale and retail community with weekly auction price updates, Black Book editorial director Ricky Beggs offered a special two-part series. In the end-of-year “Used Car Market Report,” Beggs sits down with National Auto Auction Association president Ellie Johnson and president-elect Mike Browning to discuss this year’s highlights as well as […] [Read More]