Spring trends in the lanes haven’t played out quite like they normally do, according to Black Book, and depreciation patterns in March continued to show differences when compared to 2014 as demand for larger vehicles dominated tax season. According to Black Book, wholesale prices for model years 2009-2013 fell by an average of 0.7 percent […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Dan Kennedy, manager of GM Remarketing: Auto Remarketing: […] [Read More]

Dent Wizard International announced Thursday the introduction of Ready Line Express, a vehicle reconditioning program designed for rental companies.                             Ready Line Express consolidates paintless dent removal, minor paint, bumper repair, wheel repair and interior repair into its program, which focuses on fast, quality […] [Read More]

CarMax’s in-house auction arm, whose fiscal year ended Feb. 28, recently accomplished something it had never done before — it exceeded $1,000 in profit, per wholesale vehicle, in its fourth quarter. To be exact, the wholesale vehicle gross profit for the quarter was $1,036, a roughly 9-percent year-over-year increase. When asked what fueled that kind […] [Read More]

This week’s Used Car Market Insights report from Black Book once again focused on how spring in the used-car business is panning out a bit differently from years past. Throughout tax season this year, Black Book has noticed stronger-than-average retention in the entry midsize car and the upper midsize car segments as well as the […] [Read More]

KAR Auction Services announced today that it has named Michelle Kaiser Bray as the company’s new vice president, intellectual property and technology counsel. Bray, formerly a partner for Indianapolis-based Faegre Baker Daniels, will be responsible for assisting the KAR legal team with matters related to global technology transactions, privacy and data security, and intellectual property […] [Read More]

The first-ever Cox Automotive Training Fair was held at Manheim Pennsylvania this month, which aimed at educating customers about Cox’s various companies, including Manheim, Autotrader, ExportTrader, Kelley Blue Book, NextGear Capital, Ready Auto Transport, and others. The March 18 event, hosted in the auction’s sales lanes, catered to more than 220 customers who learned about […] [Read More]

Black Book announced Tuesday the appointment of a new vice president. Formerly the executive director of product management at Jacada Inc., Chris du Toit takes on the newly created role of vice president of product management, where he will be responsible for leading product strategy and product management for all of Black Book’s product offerings. […] [Read More]

AutoWurld — a subscription-based wholesale network for the auto industry  — announced Tuesday a new partnership which expands its third-party service options. AutoWurld is partnering with One Guard, an auto inspection agency, to provide volume-prices pre-sales vehicle inspection services to the more than 700 dealers in its network. The company contends this move will help […] [Read More]

In less than two years, the auto industry might look a lot like the business we knew before the Great Recession. That’s according to executive analyst for NADA Used Car Guide Jonathan Banks, who predicts late-model used vehicle supply will reach pre-recession levels in 2017. Banks reported this assertion on Monday, right in time for […] [Read More]