Wrapping up what would be the weakest third quarter for used prices since 2002, wholesale prices softened once again last month. According to the September installation of ADESA chief economist’s Kontos Kommentary, this marked the fifth month in a row auction prices have fallen. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices […] [Read More]

The National Auto Auction Association announced this week that it has increased funding for its Warren Young, Sr. Scholastic Foundation, to be used for its annual merit scholarships, by $1,000. The new total funding amount, $52,000, will continue to help allow the nonprofit organization to give scholarships for both full-time and part-time students pursuing education […] [Read More]

Strategic Vision has added a new wrinkle to its Total Value Index study, the latest results of which were released Tuesday. Blended with the new-car owner input in this latest batch of rankings — including measures like expected reliability, expected MPG, price paid and so forth — is residual value information provided by ALG. “Value will […] [Read More]

After falling for the third straight month in September, auction prices are expected to continue their downward trend this month. Last month, wholesale prices of vehicles up to 8 years in age fell by 3.6 percent from August, according to NADA Used Car Guide’s October Guidelines report. This decline was well above the 2.8 percent […] [Read More]

Comments thrown back and forth in the lanes last week didn’t illustrate the market the industry is used to seeing in mid-October. Instead of no sales and tough sales, the Black Book editorial staff were bringing back reports of a “steady, “good” and “solid market.” Black Book editorial director Ricky Beggs broke down last week’s […] [Read More]

In addition to providing details on its new location opening this month, CarMax Auctions unveiled a new logo and announced plans to thank its wholesale customers during its Customer Appreciation Month. CarMax Auctions will be hosting catered meals and giveaways to dealers throughout the month of October. The company has over 60 auction locations, with its newest facility […] [Read More]

Whether you’re working the auction block or trying to buy what’s on it, one thing is the same: time is money. The process, on average, lasts just 37 seconds. For dealers, the quality of every second spent on auction day generally makes the difference between a profit and a loss, taking advantage of a gainful […] [Read More]

Along with giving some hints as to where the Manheim Used Vehicle Value Index might be trending — as well as what this year’s record amount of recalls did to the remarketing of rental risk units — chief economist Tom Webb explained why new-vehicle leasing is going to have a greater impact than the market might […] [Read More]

September marked the largest price decline for used vehicles all year, following seasonal trends most in the industry expect when the weather starts to cool. According to Black Book data, the average price of a used vehicle for model years 2009-2013 saw the largest monthly depreciation of 2014, falling by 1.7 percent last month. Interestingly, August […] [Read More]

Manheim chief economist Tom Webb determined wholesale used vehicle values declined by a little more than 2 percent in the third quarter, stating the market showed signs of returning to more normal levels after historically high prices earlier in the year. As a result, the Manheim Used Vehicle Value Index — a measure of wholesale […] [Read More]