Cars might just be catching up with trucks when it comes to retention rates is the latest data from Black Book is any indicator. Black Book’s Ricky Beggs said one of the most interesting trends seen in the lanes last week was that the mix of price increases was greater for cars than trucks, contrary […] [Read More]

New-vehicle inventories again had a direct impact on wholesale prices, according to Tom Webb’s analysis after sharing the latest Manheim Used Vehicle Value Index reading. Manheim indicated wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose for the fourth consecutive month in September, pushing the index to 122.8, which represents an increase […] [Read More]

ADESA and Chrysler Group LLC Remarketing have rolled out an upgraded version of the Chrysler Direct online remarketing website for Chrysler Group dealers that includes a new user interface and search features, among other new functions. ChryslerDirect.com is powered via technology from ADESA subsidiary OPENLANE.   [Read More]

ARI has expanded its presence in Europe with Monday morning’s announcement that it has purchased HPI Fleet and its European business entities. It is projected the deal will close this month. Once that happens, HPI Fleet will operate as ARI. ARI recently expanded into the U.K. and Germany, and with this deal, it has broadened […] [Read More]

To recognize and thank customers, October has been declared Dealer Appreciation Month at all 66 of ADESA's North American auctions. Participating auction locations will host a variety of events throughout the month of October to thank dealers for their business, the company said, and customers will find giveaways in the lanes and special sales.  "We […] [Read More]

Year-to-date auction volume two-thirds of the way through 2013 remains ahead of year-ago levels by more than 5 percent, according to the National Auto Auction Association, which said August numbers, in particular, climbed more than 8 percent. In the latest Economic Dashboard released this week, auction volume in August was up 8.5 percent over comparable […] [Read More]

According to the September Blue Book Market Report — Used Car Edition, Kelley Blue Book determined auction values for 1- to 3-year old models at the end of third quarter remained at a three-year high. Analysts pinpointed the average at $17,085, or $280 above the average at this juncture last year. Since the start of […] [Read More]

Many dealers and buyers might have been wondering what has contributed to unusually strong price retention in the lanes for trucks. Since this past spring, the truck segments have continued to outperform smaller segments, with prices staying relatively flat or rising. Kelley Blue Book’s latest Blue Book Market Report shows that while values for used […] [Read More]

Within the past year, Kelley Blue Book noticed auction values for late-model Honda Civic Hybrids have declined at a faster pace than their non-hybrid counterparts. The result of this faster depreciation is now a larger number of the Honda Civic Hybrid variants are cheaper to own. Analysts made that assertion in KBB’s September Blue Book […] [Read More]

Hertz Global Holdings announced this week that its wholly owned subsidiary, Donlen Corp., successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going forward. In connection with the establishment of the new financing platform, Hertz Fleet Lease Funding — a wholly owned special purpose subsidiary of […] [Read More]