The company that founded what it claims to be the first dealer-to-dealer wholesale marketplace announced a major expansion.   DealersLink launched its California marketplace on Tuesday, with more than 100 dealer trading partners in the Golden State now able to tap into unlimited trading with no auction fees, the company says. “Recognized in the industry […] [Read More]

Today, Insurance Auto Auctions launched the Market Value Tool mobile app for iPhone as part of the suite of products from IAA’s CSAToday platform. IAA explained this iPhone app can provide customers the ability to estimate the value of their vehicles anytime, anywhere. Officials say the Market Value Tool is designed to be quick and […] [Read More]

Under a partnership between the two companies announced this morning, DealerMatch — a subscription-based Web and mobile app that connects dealers with retail-ready used vehicles — will be bringing its inventory to vAuto Genius Labs’ AuctionGenius platform. What this means for dealers is that DealerMatch members who use AuctionGenius can view, access and make offers […] [Read More]

Though low gas prices have not played much of a role in the more fuel-efficient segments’ price movements this year, last week’s wholesale price activity shows that low rates at the pump may be having more of an impact this month. Black Book’s Ricky Beggs said that the falling price of gas is “showing its […] [Read More]

Minutes after the latest general session on multi-platform selling at the National Remarketing Conference,  Whann Technology Group and Liquid Motors announced some multi-platform news of their own.   Whann Technology Group revealed a new integration and distribution partnership with Liquid Motors.   Effective immediately, all 125 AWG Simulcast auctions will be able to publish listings […] [Read More]

Dan Kennedy remembers the paper-intensive days of remarketing, when he would bring home invoices on cars GM Remarketing was selling, rail bills and truck bills in order to match up VIN numbers by hand and make sure all payments were square. “I had them spread all over the living room floor and kitchen table,” Kennedy […] [Read More]

Contrary to previous reports, on Tuesday ADESA’s Tom Kontos shared that October average wholesale prices “partially reversed declines” seen in previous months. And the same day, NADA reported the largest used vehicle price drop since October 2011. First up, according to ADESA Analytical Services’ monthly analysis, auction prices in October averaged  $9,590, up 1.2 percent […] [Read More]

Wholesale values held steady last week, as the truck segments continued to outperform average retention values, and cars experienced the same average change as the previous week. Last week, truck segments saw an average drop of $59, which marked a slight increase from the prior week’s rate (-$50), Black Book editorial director and senior vice […] [Read More]

Looking back at October, Black Book data shows that prices in the lanes dropped by almost double the rate seen in September, following seasonal trends dealers have come to expect. Black Book senior vice president and editorial director Ricky Beggs reported that used vehicles model years 2008-2012 depreciated by 2.1 percent in October. This was […] [Read More]

Late last week, Manheim promoted six leaders to new roles within the company that span five states and Puerto Rico. First, Eddie Pope has been named  auction manager at Manheim Houston. Five others will assume general manager positions: Nelson Acosta (Manheim Puerto Rico), Kim Dittoe (Manheim New York/Metro Skyline), David Kaflik (Manheim Louisville), John Olejniczak […] [Read More]