Late last week, NADA Used Car Guide was anticipating that auction prices would continue to correct from tax-season highs. According to NADA Used Car Guide AuctionNet data, wholesale prices were expected to fall by 0.3 percent, or $50, last week. There are only two segments that were expected to see prices increase during the week: […] [Read More]

Dealer’s Auto Auction Group is sending 15 of its employees to the International Automotive Remarketers Alliance's Certified Automotive Remarketer Program. The IARA CAR Program offers a 20-course curriculum scheduled within a five-unit series covering all aspects of the vehicle remarketing profession.    “The IARA provides us with a number of valuable education forums and initiatives […] [Read More]

With more and more dealers and buyers snatching up inventory through digital channels as a complement to physical auctions, as well as buyers and sellers calling for stronger vehicle images in condition reports both in-lane and online, enhanced imagery is becoming increasingly important. Manheim is showing its customers just how aware they are of image […] [Read More]

Though wholesale prices remained at high levels in April, the recent trend of seasonal market softening has taken hold. According to ADESA Analytical Services, wholesale values sat at an average of $10,468 last month, up 0.3 percent from March and up 3.7 percent year-over-year. Midsize and mini SUVs had the strongest month-over-month and year-over-year price […] [Read More]

Ally Financial has recognized top performing auctions for 2013 with the SmartLane Auction of the Year Award and the SmartAuction Mid-Stream Auto Auction of the Year Award. Announcing the winners this week, Ally said top honors for its SmartLane performance went, for the second consecutive time, to ABC St. Louis Auto Auction of East St. […] [Read More]

Insurance Auto Auctions has announced the opening of a new branch, a facility the company says is essential to its continued growth across North America. With an official grand opening held on May 6, IAA's new state-of-the-art, 32-acre auction facility is located in Tulsa, Okla. The facility includes a 10,000-square-foot building and will utilize 17 […] [Read More]

While ensuring driver safety still is the biggest priority of fleet managers, they’re also quite interested in having a sound plan to remarket vehicles, according to a survey conducted at the 2014 NAFA Institute and Expo by GE Capital Fleet Services. After safety, 27 percent of survey participants pointed to enhancing productivity. The two biggest […] [Read More]

This week, Black Book editorial director Ricky Beggs sat down with International Automotive Remarketers Alliance president Levi McCoy, and IARA executive director Tony Long for the second time to discuss developments in the pre-owned market, including multiplatform selling.   This week’s “Beggs on the Used Car Market” video report touched on insight from the two […] [Read More]

Following loss and severe damages from recent tornadoes, the employees of one ADESA auction took it upon themselves to help their neighbors. Raising nearly $60,000 with an auction to benefit area tornado relief efforts was ADESA Little Rock. Sale proceeds were donated to the American Red Cross of Greater Arkansas. “Almost everyone knows someone who […] [Read More]

Wholesale prices remained strong in April — taking a bit longer to turn down from tax-season highs than in previous years — but price relief for dealers and buyers in the lanes is in sight. According to NADA’s latest Guidelines report, seasonality and a spike in used supply will serve to push wholesale prices down […] [Read More]