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]

ADESA Golden Gate has been recognized by six different consignors for superior performance. Most recently, the auction was named the Top Retention Auction of the Year by Donlen. In addition, ADESA Golden Gate also received recognition from these consignors for their performance in 2013:  • Customer Service Award from LeasePlan USA • Auction Performance Award […] [Read More]

Used prices are spiking as of late due in part to the regular surge in demand during tax season. However, as supply continues to expand this year, prices are expected to continue the annual decline from post-recession highs. According to NADA Used Car Guide’s 2014 Used Vehicle Price Forecast report, average wholesale prices of used […] [Read More]

As part of what the auction company called its continuing focus on developing talent and improving its customer experience, Manheim named three veterans to manager positions at Manheim Fredericksburg, Manheim San Antonio and Manheim El Paso. The company announced on Tuesday that Craig Amelung now is general manager at Manheim Fredericksburg while Mike Browning now […] [Read More]

Fiserv announced this morning that Remarketing Services of America — which is under its Lending Solutions business — is officially rebranding as Fiserv to align with the rest of the company. The company emphasized that the renamed business will continue to offer services to aid in moving returned vehicles. “We have more than 20 years […] [Read More]

Two weeks ago, the proportion of price adjustments in lanes that were positive rose to a yearly high of 68 percent. Now, the bar has been pushed even higher, says Black Book’s Ricky Beggs. In his latest “Beggs on the Used Car Market” video report, he said that last week, over 71 percent of all […] [Read More]

ADESA Golden Gate has picked a new general manager. Revealed late last week, Jeff Hoyt has taken on the role of GM. Commenting on the news, ADESA president and chief executive officer Stéphane St-Hilaire said, “Jeff has dedicated himself to making ADESA Golden Gate one of our top auctions for more than 20 years.  “I […] [Read More]