Though overall auction values remain relatively flat, showing small decreases here and there, increasing inventory and new models hitting the market are making waves, says Black Book’s Ricky Beggs. In fact, two segments last week saw price shifts for 50 percent or more of the vehicles within their categories. The midsize pickup segment saw 64 […] [Read More]

Auto Auction Services Corp. announced a proposal late last week for its online Multi-Listing Platform that it believes will help tackle a “major business issue” for consignors and auctions: the need for an online tool that allows for simultaneous listings on multiple online auctions. [Read More]

General Motors of Canada has appointed a new vice president of sales, service and marketing. Tapped for the new VP position is John Roth, who succeeds Marc Comeau, who will move to GM Korea. In his latest role, Roth was the regional director responsible for the Cadillac South Central Region within U.S. sales and service. […] [Read More]

NextGear Capital announced on Tuesday that the company moved its vice president of customer service over to be its vice president of operations and business development for the Western region of the United States. Now with oversight of the rapidly developing growth throughout the Western region is Randy Dohse. NextGear Capital chief operating officer Shane […] [Read More]

Strong prices for trucks in the lanes — or so the story goes for the  first half of 2013. But the tides have turned, with the past few weeks showing trucks having greater declining values than their smaller counterparts. Overall, last week’s market activity brough an average depreciation level for car and truck segments of 0.3 […] [Read More]

Through two separate campaigns, KAR Auction Services raised more than $69,000 in fundraisers associated with the American Diabetes Association and the National Independent Automobile Dealers Association Foundation. The company generated the larger of the two fundraising totals through the Indiana Tour de Cure, which resulted in a donation of more than $50,000. The Tour de […] [Read More]

Along with taking a longer look at employment data and trends, Manheim chief economist Tom Webb examined mileage changes by wholesale price tiers to find the weakest segment of the wholesale market in May relative to a year ago. Webb’s analysis determined vehicles in the $11,000 to $13,000 price range fell into that segment. “This […] [Read More]

Car prices in the lanes have experienced long-awaited declines this spring, making it easier for dealers to secure inventory as pre-owned supply continues to increase. But many dealers and buyers remain cautious, as prices have fluctuated over the past few years. That said, NADA’s Jonathan Banks provided some good news for dealers this week, noting […] [Read More]

SmartAuction, Ally Financial’s online used-vehicle auction, launched a mobile app designed utilizing dealer input. Users can now search for vehicles, communicate with sellers, negotiate pricing and make bids over Android and Apple-based smartphones. “By including dealers as part of the development team we were able to build an intuitive tool that enhances the SmartAuction online […] [Read More]

As auction volumes continue to decline, Canadian used-car prices saw a bit of an uptick this past month. Nominal used prices — which don’t  take MSRP inflation into account — saw a 0.5-percent monthly uptick in May and a year-over-year increase of 3.3 percent, according to the RVI Group’s RVI Risk Outlook for the second […] [Read More]