Just a few years ago, there were a group of vehicles commanding 70- to 80-percent sales rates at the auction and fetching bids so high that many dealers were priced out of the market. These days, however, this same group of vehicles is only generating sales rates between 15 percent and 25 percent in the […] [Read More]

Gas prices remain stable and the summer family travel season is underway, two factors that may have contributed to some larger segments showing the biggest auction price increases in June. While wholesale values saw an increase of 0.9 percent overall when compared to May, prices for full-size SUV and luxury full-size sedans were among the […] [Read More]

National Auto Auction Association chief executive officer Frank Hackett announced that changes to the arbitration and structural damage policies have been approved. Hackett indicated these changes will take effect on Sept. 1. NAAA recounted that its auction standards committee received unanimous approval last Tuesday from the executive committee to move ahead with the revisions. “This […] [Read More]

The days of stick-on badges for auction bidders are numbered at Dealers Auto Auction of the Southwest. The company announced this week that beginning with its sale this coming Wednesday, DAASW.com will offer what it calls a “first in the nation bid number text service,” which eliminates bidder lines and uses mobile technology via smartphones […] [Read More]

Wholesale values in Canada rose slightly during June as used supply continues to be tight. According to the latest RVI Market Update, used-car prices were up 2.6 percent when compared to May. And prices in June were up a significant 7.3 percent from the same period last year. Leading the price gains were the smaller […] [Read More]

Honda Canada Inc. and the Ontario Honda Dealers Association took advantage of the recent Honda Indy Toronto, using the event to fundraise for Make-A-Wish Canada. This year, more than $57,000 was raised for the non-profit during this past race weekend. This marks the fourth straight year of Make-A-Wish fundraising efforts at the Honda Indy Toronto, […] [Read More]

Multi-platform selling has been a hot topic at dealerships and auctions this year, a trend which Liquid Motors responded to with its “multi-launch” wholesale technology, trying to make it easier to list inventory on multiple online marketplaces. Now, the company is responding to  “increased demand” for upstream vehicles from commercial accounts, officials say. In response, […] [Read More]

Enterprise Holdings announced Tuesday that it has a new vice president of remarketing sales and operations for the company’s Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. Named to the position is Nate Lattimer, who succeeds Mike Bystrom. Bystrom has been promoted to a senior executive position within the company. In the […] [Read More]

Enterprise Holdings is looking to streamline its fleet sales with the launch of its Vehicle Sales Mobile (VSM) technology — a new app aimed at giving Enterprise’s more than 400 local account reps a virtual showroom where dealer customers can shop for and purchase vehicles. Officials highlighted the real-time vehicle search tool can provide Enterprise’s […] [Read More]

After falling by 2.1 percent in May, NADA Used Car Guide determined depreciation for used units up to eight model years in age slowed to just 1.1 percent in June, a figure in line with its forecast of 1.3 percent. In the July edition of Guidelines, analysts pointed out that June’s modest decline was substantially […] [Read More]