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]

The National Auto Auction Association noticed overall wholesale volume declined 0.4 percent during the first quarter, but the organization insisted the lanes showed plenty of life as time passed. During Q1, NAAA economist Ira Silver pointed out an increase in dealer consignment was offset by a decline in commercial consignment, leaving the overall mark slightly […] [Read More]

The volume of hybrid and plug-in cars is growing, and Black Book’s Ricky Beggs says hybrid price retention is closing the gap versus sister gas models. According to www.hybridcars.com, the level of hybrid-only penetration has grown from 3.15 percent of the market in 2012 to a current level of 3.34 percent through April; electric versions […] [Read More]

According to action seen in the lanes this past week, wholesale car and truck prices continue to slide. In the latest “Beggs On the Used Car Market” report, Black Book's Ricky Beggs explained that the trend within the car segments had  a fourth consecutive week of greater than $40 average segment price dips. Last week, […] [Read More]

KAR Auction Services announced Monday the commencement of an underwritten offering of 15.0 million shares of its common stock by existing stockholder KAR Holdings II LLC, subject to market and other conditions. KAR said it will not receive any proceeds from the offering. Officials explained the LLC is controlled by entities affiliated with Kelso Investment […] [Read More]