Greater Milwaukee Auto Auction announced recently that the auction has rolled out a new reconditioning facility. The on-site recon facility includes three long wash lanes, a five-car service department, a full body shop, auto upholstery services and corporate offices for its fleet consignors. The auction has now expanded to 35.5 acres. “We have separate fleet […] [Read More]

It seems wholesale price spikes may be slowing down this week after March and early April showed strong retention across most segments. This week, NADA Used Car Guide is predicting prices to remain unchanged — holding steady at an average of $17,350. In terms of gains, the biggest percentage increase will be seen in the […] [Read More]

Due largely to implications of winter weather, auction sales volume for units up to 8 years old in March was down 1.8 percent month-over-month despite gains in some model-year classes, according to the latest Guidelines report from NADA Used Car Guide. For the first quarter, however, there was a 1.5-percent year-over-year increase, as the transaction […] [Read More]

NADA Used Car Guide pinpointed just how much more wholesale prices for used cars and light trucks up to 8 years in age increased in March than they did in February. Analysts pegged the March jump at 3.7 percent, well above February’s 2.2-percent increase. NADA UCG executive automotive analyst Jonathan Banks explained what happened in […] [Read More]

Subaru of America recently announced its 2013 Auction of the Year — an award based on sales effectiveness and service quality — and taking this year’s honors is Manheim New Jersey. Subaru determines the winning auction by tracking and measuring three key components: total sale percentage, retention to goal price and number of unique buyers. […] [Read More]

Copart launched its first-ever competition on Tuesday called the Copart Rebuild Challenge, a contest designed for car enthusiasts and auto rebuilders to show how they restored, customized or rebuilt a vehicle. From April 14 to July 6, enthusiasts and rebuilders can enter the Copart Rebuild Challenge by submitting a video less than three minutes in […] [Read More]

Though many were expecting used prices to decline toward the end of March, rates remained high, and they aren't expected to drop until later this month. According to NADA Used Car Guide’s latest Guidelines report, this indicates prices won’t fall off during the first few weeks of April. Jonathan Banks, NADA UCG executive analyst, said […] [Read More]

Manheim determined wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose 0.9 percent in March versus a month earlier. This movement resulted in the Manheim Used Vehicle Value Index reading coming in at 124.4 for the month, an increase of 2.2 percent for the first quarter, and a rise of 3.3 […] [Read More]

First it was 67 percent. Then it was 71 percent. And finally, this past week, auction prices are still on the way up even as tax season approaches closure. Last week, according to Black Book data, the level of price changes that were increases came in at 77 percent. Ricky Beggs, Black Book editorial director […] [Read More]

It looks like the auction price increases that were predicted to slow after March might stick around for a few more weeks as tax season comes to a close. According to NADA Used Car Guide, prices in the lanes this week will rise by 0.6 percent, or $100, versus the two-week average. The biggest spikes […] [Read More]