There appears to be a rather significant divide in the auction lanes between older and newer vehicles this year when it comes to their supply and pricing behaviors. How so? According to the latest Guidelines report from NADA Used Car Guide, there has been a 17.7-percent year-over-year decline in AuctionNet auction supply for cars between […] [Read More]

As PROFIT magazine unveiled its 25th annual list of Canada’s fastest-growing companies, a familiar name in the country’s auto industry made the ranking this time around. Identified in the list is North Toronto Auction. The PROFIT 500 — which ranks Canadian businesses by their revenue growth over five years — is published in the summer […] [Read More]

ADESA Analytical Services found the same year-over-year wholesale price declines for both April and May. The company’s monthly analysis of used values by vehicle model class showed  wholesale prices in May averaged $9,811 — down 2.8 percent compared to April and 4.5 percent relative to May. ADESA pointed out the 4.5 percent year-over-year decline matched […] [Read More]

For dealers trying to gauge just how much they will be spending in the lanes this month, NADA Used Car Guide's latest Guidelines report may be of particular interest. Though auction prices have been falling all spring, NADA expects that June’s rate of depreciation will be smaller than May’s decline of 2.1 percent. Dealers will […] [Read More]

In a story that ran in Tuesday’s edition of Used Car Manager Weekly, we looked at NADA Used Car Guide’s projections that plug-in vehicle value retention would improve slightly in coming years but still trail the overall industry. Today, we dive further into NADA’s explanation on why plug-ins haven’t held their values as well and […] [Read More]

After expanding in the U.S. at the close of its most recent quarter, Copart announced another acquisition on Tuesday, this time broadening its European footprint. Copart acquired Autoresiduos S.L., located in Cordoba, Spain. The company is a salvage valuation and marketing platform primarily serving the insurance markets in Spain. The company highlighted the Autoresiduos platform […] [Read More]

There are modest improvements on the horizon, but it appears the cumbersome used-car depreciation challenges experienced in the plug-in electric vehicle segment will linger for some time. That’s according to a new white paper from NADA Used Car Guide dissecting this slice of the alternative-fuel market titled “Plug-in Electric Vehicles: Market Analysis and Used Price […] [Read More]

While marking a personal milestone for his weekly wholesale commentary, Black Book’s Ricky Beggs slightly altered his attention to discuss not just the auction lanes, but the financing side of the used-vehicle business, as well. Beggs put a question to a Black Book colleague, asking him to name the No. 1 concern lenders are facing […] [Read More]

Even though wholesale prices are almost 5 percent lower than they were this time last year, May’s price slide was much smaller than any of the previous four months. What’s behind the change? According to Manheim chief economist Tom Webb, new- and used-vehicle price ratios are returning to more normal levels. Consequently, Webb explained, the pricing […] [Read More]

For the first time, two upcoming Auctions America sales will be seen live by television viewers, and will be broadcast live to digital platforms. Collector car auction house Auctions America this week announced exclusive live TV coverage of its upcoming California and Auburn fall auctions on NBC Sports Network, and live streaming coverage via NBC […] [Read More]