In its January/February Industry Report, ALG took an in-depth look at three premium sports cars to see how their residual values stack up against fellow models in their respective segments and within their own brands. Starting with the 2014 Chevrolet Corvette Stingray, its 36-month residual value is at 57 percent. This is 6 percentage points […] [Read More]

The industry recently closed out the fifth straight year of used-vehicle growth (0.4 percent year-over-year), according to NADA Used Car Guide’s latest Guidelines report. And the year’s closing prices constituted an 18-percent hike when compared to pre-recession values in 2007. Which models saw the biggest price jumps last year? Supported by what NADA UCG’s Jonathan […] [Read More]

Though used supply may finally be loosening, it didn’t expand enough to push used prices down in 2013. According to NADA’s latest Guidelines report, December closed out the fifth straight year of used-vehicle price growth. More specifically, 2013 ended with prices of units up to 8 years in age 0.4 percent higher than they were […] [Read More]

Late last week, ADESA and Volvo Cars of North America announced the launch of a new site that will make finding used inventory a bit easier for franchised Volvo dealers. The new lease portfolio management and vehicle purchase website, the Volvo 360 Private Store, is a dedicated auction platform for Volvo dealers. ADESA explained it […] [Read More]

The industry recently closed out the fifth straight year of used-vehicle growth (0.4 percent year-over-year), according to NADA Used Car Guide’s latest Guidelines report. And the year’s closing prices constituted an 18-percent hike when compared to pre-recession values in 2007. Which models saw the biggest price jumps last year? Supported by what NADA UCG’s Jonathan […] [Read More]

KAR Auction Services announced Thursday evening that Insurance Auto Auctions chief executive officer Tom O’Brien is stepping down from his IAA post on April 30. Taking his place will be John Kett, who is currently IAA’s president and chief financial officer. Kett becomes president and CEO on May 1. O’Brien will remain a KAR board […] [Read More]

Manheim chief economist Tom Webb dissected the short- and long-term impact of rising off-lease volume when he conducted his first quarterly conference call on Wednesday morning. Webb highlighted the positive prospects including the swell of potential certified pre-owned vehicles for franchised stores as well as how the entire industry is in much better position to […] [Read More]

Wholesale prices ended the year down about 2 percent, but they were still historically high due to several market dynamics, including robust retail demand, prudent use of incentives and a greater focus on the certified pre-owned market.   That’s according to analysis released today from Manheim, which said 2013 used-car values were much higher than […] [Read More]

With more than 55 workshop topics, 159 workshop sessions and seven different tracks, the NADA Convention is bound to have something of relevance for every dealer. This year’s workshops are brought to you by NADA University, the educational arm of NADA. Barbara Roos, manager of workshops and webinars at NADA University, explained the seven workshop […] [Read More]

Manheim named a new general manager and vice president of its Manheim Pennsylvania location, appointing 2013 Women in Remarketing honoree Julie Picard to the role. Picard, whose prior post was market vice president for Manheim’s Pacific Market, moved into this new position on Jan. 1, taking over for Tim Van Dam. Picard will report to […] [Read More]