The Manheim Used Vehicle Value Index dipped ever so slightly on a sequential basis in May. But if dealers remember what they paid for inventory during the same month last year, they’ll notice that more funds came out of floor plan this past month. Manheim determined wholesale used vehicle prices (on a mix-, mileage- and […] [Read More]

At the recent Stephens Spring Investment Conference, the leadership of KAR Auction Services spoke on the expected influx of off-lease vehicles and how this trend will impact the company's businesses, as well as where these off-lease vehicles will end up in the remarketing process. The Wall Street Webcasting website provided a webcast of their presentation […] [Read More]

Nearly 150 motorcycles and 40 vintage vehicles took to the road on June 1 for ADESA Boston’s 14th annual Classic Car and Motorcycle Run. Proceeds from the event benefit the Juvenile Diabetes Research Foundation. The run included a 30-mile, police-escorted ride through several Massachusetts towns. So far, the auction has collected $39,790 from this year’s […] [Read More]

Price softening in the lanes has become a weekly trend as we head into summer. For the third week in a row, NADA Used Car Guide is predicting prices will drop by 0.3 percent (or $50). Midsize vans are expected to see the only increase in price this week, rising by 0.3 percent ($50). The […] [Read More]

In part to help the organization make the transition for its annual convention to be a part of Used Car Week, the National Auto Auction Association announced the appointment of two staff members to new positions in a reorganization of its management structure. NAAA explained the change, effective immediately, will streamline operations and enhance internal […] [Read More]

After tax-season kept prices strong in the lanes earlier this spring, May depreciation rates showed signs of the seasonal “summer slowdown.” Average prices fell by 0.4 percent last month when compared to April rates, according to Black Book data. On top of normal seasonal changes, a softening in the lanes is also being spurred by […] [Read More]

Without giving specific figures, Copart chief executive officer Jay Adair described salvage vehicle prices as “what we would expect,” when the company discussed the financial performance of the third quarter of its fiscal year. Reflecting on the span that wrapped up on April 30, Adair indicated that pricing for salvage units “tends to peak in […] [Read More]

Alliance Auto Auction announced recently that it has brought on former National Auto Auction Association president Jimmy Compton as the auction’s regional sales and operations manager. In this post, Compton will head up Alliance’s business development efforts to help increase corporate and fleet accounts. His most recent position was as director of national accounts at […] [Read More]

Last week, auction prices continued to soften. Though the weather outside is indicating the approaching summer, this trend may be one of the first signs we “are heading toward the fall and the market getting ready for another model year to enter into the choices,” according to Black Book editorial director Ricky Beggs. During his […] [Read More]

From new employees to a visit with a heavyweight boxing champion, remarketing meets rock 'n' roll this summer at ServNet auctions. "ServNet's summer promotions have become a fixture in the industry," said Patty Stanley, ServNet president. "In June, July and August, ServNet auctions hold huge events that have a tremendous impact on the market."  The […] [Read More]