Black Book editorial director Ricky Beggs acknowledged that auction survey personnel gave the team a wide array of feedback this past week. In his latest edition of “Beggs on the Used Car Market,” Beggs highlighted the mood in the lanes ranged from, “slow, to many no-sales, to a couple indicating a flat market with the […] [Read More]

In developments described as “long anticipated,” the downward slide of the Manheim Used Vehicle Value Index continued in April, extending the reading’s decline to four months in a row. Manheim indicated wholesale prices (on a mix-, mileage- and seasonally adjusted basis) declined 1.0 percent in April, bringing the index level to 119.2, which was 5.5 […] [Read More]

When considering auction units sold, dealer consignment and commercial consignment have been heading in opposite directions the past three years. In its 2012 Annual Review, the National Auto Auction Association looks at what’s behind this trend as well as its implication in the lanes. First, the statistics. According to NAAA survey data looking at auction […] [Read More]

In an effort to provide dealers with more options to check background information on retail units, Experian Automotive said Tuesday that Volvo added AutoCheck vehicle history reports to its certified pre-owned program. Now the company contends dealers have the ability to choose vehicle history reports based on their customers’ needs.  Commenting on the recent news, […] [Read More]

With the integration of the company’s U.S. website now finished, ADESA Canada announced this week it is launching next.ADESA.ca for OPENLANE customers The new site will replace the post-login pages of OPENLANE.ca, and users will buy and sell cars on this new platform. “This is the next step as we continue to move the ADESA […] [Read More]

Following a three-week promotion for the cause, Charleston Auto Auction and its dealers raised $5,000 for the Ronald McDonald House of Charleston. The auction held a 50/50 drawing each week to raise funds for the organization, which helps seriously ill children and their families. At the end of the promotion, Charleston Auto Auction matched all […] [Read More]

In the last chapter of our “How to sell to Gen X and Y” series, we talked about the death of the traditional buying funnel — and how our research has revealed a new car-shopping journey. [Read More]

Black Book highlighted two-year-old vehicles posting the top retention values. On this list of 18 models, Toyota secured the top three spots with the 2011 Tacoma Double Cab retaining 88.4 percent of its original value after two years on the road. The Toyota 4Runner came in second on the list with 80.9 percent retention, and […] [Read More]

A possible catalyst for the off-rental wholesale churn, Hertz Corp. and AAA expanded their ongoing exclusive partnership to provide both Dollar Rent A Car and Thrifty Car Rental rentals to AAA's more than 53 million members. As part of the agreement, officials highlighted AAA members will now receive a discount on value brands Dollar and […] [Read More]

BSC America recently announced that its Bel Air Auto Auction has opened a new marshalling facility in Belcamp, Md., which is 11 miles from the auction’s main campus. The marshalling facility includes 14 paved and fenced acres and features three offices and five bays. It can accommodate 2,500 vehicles. [Read More]