Based on what Manheim’s Tom Webb observed in the first half of the month, wholesale prices appear to be down slightly in April. In a Twitter post on Wednesday, the chief economist at Manheim Consulting said used prices in the first 15 days of the month have slowed compared to March. It’s a bit too […] [Read More]

Following the success of its 13th Anniversary Sale last month — where a 2014 Nissan Versa was awarded — Dealers Auto Auction of Idaho will be conducting another giveaway at the end of this month. The auction said it will be giving away a 2014 Mitsubishi Mirage that it purchased from Bronco Motors Mitsubishi at […] [Read More]

Dent Wizard International recently named a former rental car company executive with more than two decades of experience to be its new director of business development for its rental business. Joining the company is Pete Stuckert, who will focus on strengthening and expanding Dent Wizard’s relationships with major rental companies throughout North America, leading Dent […] [Read More]

Tax season ends today with the IRS tax filing deadline, and most likely, so will many seasonal price hikes in the lanes. Black Book picked out five car segments, in particular, that are expected to see significant near-term price declines. Every dealer is familiar with what the February through April time frame means: thousands of […] [Read More]

Barrett-Jackson posted the strongest sales results in the history of its auctions in Palm Beach, Fla., this past weekend. Officials highlighted that Ford and General Motors partnered with Barrett-Jackson to bring unique vehicles to the auction. Barrett-Jackson chairman and chief executive officer Craig Jackson noted on Monday that consignments reached a new high, the caliber […] [Read More]

If last week’s price movement is any indicator, spikes in wholesale prices may finally be slowing down as Tuesday marks the IRS tax filing deadline. Wholesale prices rose 6 percent in March on a monthly basis and 4 percent from the same period last year, averaging $10,429, according to ADESA Analytical Services’ data. But rates […] [Read More]

 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]