Higher-end models continue to see some of the biggest price declines in the lanes as we head toward cooler weather. NADA predicts wholesale prices to drop by an average of 1 percent, or $150, this week, with the luxury models seeing some of the biggest declines. For instance, luxury cars are expected to see a decline […] [Read More]

The seasonally adjusted annualized rate of new-vehicles recently eclipsed a more-than-eight-year high, reaching 17.5 million units in August, according to the latest edition of Guidelines from NADA Used Car Guide. And one of the offshoots of a stronger new-car market has been a boost in trade-ins, and this impact has trickled down into the auction […] [Read More]

On Monday, Manheim launched this year’s national fall promotion titled “Raise Your Game,” a campaign the company said is designed to educate customers on how they can best tailor Manheim remarketing solutions to fit their needs and take advantage of a wide range of service offerings. With Labor Day weekend in the past and millions […] [Read More]

Price drops in the lanes heated up this past week, with both the cars and trucks seeing larger declines. According to the latest “Beggs on the Used Car Market” report, the car segments saw prices drop by an average of $73, while trucks fell by an average of $64. Black Book editorial director Ricky Beggs […] [Read More]

Capital Automotive Reconditioning Services announced the appointment of a new chief operating officer. Kay Hudson, formerly the senior vice president of operations, took the role of COO effective Sept. 1 after more than five years with the company, which she joined in 2008 as the human resources director. Ron Hope, CARS Recon’s president and chief executive […] [Read More]

Prices continued dropping at the auction this August, and overarching trends remained unchanged: the groups with the biggest declines in the lanes are still the luxury and fuel-efficient segments.  And these trends are causing many analysts to take another look at where prices will stand in the lanes come year-end. “Despite our projection that 2014 will end the […] [Read More]

Cox Automotive is going national with its DealShield Purchase Guarantee product that lets wholesale buyers return a vehicle for any reason and receive a complete refund of purchase price and buyer’s fee. Through DealShield, the car can be brought back for up to 21 days and 500 miles from the time of purchase, depending on […] [Read More]

Auction volume was up nearly 5 percent in August, according to the National Auto Auction Association, continuing what’s been a solid 2014 so far and likely the third straight year of increased volumes — with more growth on the horizon. The association’s latest Economic Dashboard — prepared by NAAA economist Ira Silver — indicated that […] [Read More]

Along with giving an update on how many dealers are using its mobile apps, Manheim highlighted the benefits from the investment in its new Enhanced Vehicle Imaging Suite, which is aimed at helping customers who have struggled to find vehicle condition reports with consistent imaging quality. Manheim introduced the Enhanced Vehicle Imaging Suite to customers […] [Read More]

Lynnway Auto Auction named a new vice president of national account sales, and appointed to that position is a former leader at ARI and State Line Auto Auction, Jeff Bennett. “It is with great pleasure that we welcome Jeff Bennett to Lynnway Auto Auction,” said company president James Lamb.  “His many years of experience in the […] [Read More]