ADESA’s Tom Kontos pointed to two factors as to why February’s wholesale price movement ended up being “atypical.” According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, used vaules in February averaged $9,839 — down 1.4 percent compared to January, but up 0.9 percent relative to February of last […] [Read More]

Though wholesale prices rose overall last month, according to Kelley Blue Book’s latest Blue Book Market Report, values for full-size pickup trucks are lagging behind the industry average. This may come as a surprise, since  large truck segments showed very strong retention levels throughout 2013. Much of this strength was due to a spike in […] [Read More]

Auction values may be on the rise as spring season gets underway, but fuel prices remain low. The result?  Consumers may be less inclined to shell out for fuel-efficient models such as the Toyota Prius. According to Kelley Blue Book’s latest Blue Book Market Report, auction values rose this past month, hitting an average of […] [Read More]

Though prices are revving up for tax season as spring approaches, used-vehicle values were still on the way down during month two of the new year. That said, prices were already showing stronger retention in February than seen during the last few months of 2013. According to Black Book data, prices for used vehicle from […] [Read More]

As Dealers Auto Auction of Idaho gears up to celebrate its 13th anniversary with a major giveaway, the National Auto Auction Association and Black Book have teamed up to present the inaugural Black Book Pedal Car Auction. The association announced the charity event will be held at the 2014 NAAA Annual Convention this September in […] [Read More]

Vehicle leasing and fleet management solutions provider LeasePlan USA has announced a new addition to its sales team, for an expanded focus on the Pacific Northwest region. Named as vice president sales, national accounts for the Pacific Northwest region is Michelle Eads, who brings 17 years of professional sales experience to the role. Eads has […] [Read More]

With 70- to 80-percent sales conversion rates and more than half the price changes in the lanes being increases last week, it seems warmer weather isn’t the only harbinger of spring. “Spring season is alive and well,” in the lanes, as well, says Black Book's Ricky Beggs. With 53 percent of prices changes made last […] [Read More]

It’s all the talk of the auction lanes, wholesale channels and dealership staff meetings nowadays: Tax season. And the situation also pushed February’s Manheim Used Vehicle Value Index reading 1.1 percent higher versus a year ago. Manheim calculated that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose 0.8 percent in February, […] [Read More]

During the inaugural National Auto Auction Association PAC Cup Challenge, NAAA’s Eastern Chapter captured the coveted trophy with the winning donation total of $14,315 to the political action committee. Officials highlighted the Midwest Chapter ranked second, with the Southern Chapter third and fourth place going to the Western Chapter. As the top fundraiser, the Eastern […] [Read More]

At the NAAA/CAR/IARA event in Las Vegas, the National Auto Auction Association named Toyota Financial Services’ Mike Reid a Warren Young, Sr., Fellow, an honor that recognizes Reid for his commitment to the auction business. In giving the award to Reid — who is national manager of remarketing at TFS — NAAA also made a […] [Read More]