Tax season market strength wasn’t done with the auction in May — wholesale prices remained elevated for the third straight month. And according to NADA’s latest Guidelines report, strong seasonal demand served to lift NADA’s used-vehicle price index to a new high of 126.8. This is 0.5 percent better than the previous record set just […] [Read More]

Wholesale prices began falling in May, and according to NADA’s latest Guidelines report, the trend isn’t expected to slow down this month. NADA is predicting that prices will fall between a range of 2 percent to 2.5 percent this month. As for the rest of the summer, used-vehicle depreciation is expected to drop to a […] [Read More]

Manheim Riverside has received recognition from the City of Riverside, Calif., for its philanthropic efforts on behalf of community nonprofits, including teen crisis center Operation Safehouse. Also among its recent community efforts was participating in a fundraiser with Make-A-Wish, joining two other Manheim locations in California. More than 80 employees from three Manheim operating locations […] [Read More]

After falling 0.4 percent last month, auction prices were still on the way down during the first week of June. According to Black Book data, the car segments saw prices fall by $57 last week, larger than the $44 decline seen the week prior. This is compared to a $33 slide for cars during the […] [Read More]

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]