One ADESA auction location is ready to roll out the red carpet for dealers, with a Derby Spectacular sale set for next week. The annual sale will be held on May 2 at ADESA Lexington, with more than 1,500 vehicles scheduled to cross the block during the event. ADESA also reported that several regularly featured […] [Read More]

ADESA has rolled out a new U.S. website, the company announced today. It said in a press release that ADESA.com was built on the technology of OPENLANE, which was acquired by ADESA in late 2011. The new website is designed to be a “comprehensive end-to-end vehicle remarketing solution” for wholesale buyers and sellers, the company […] [Read More]

Under a backdrop of either pollen or snow, Black Book editorial director Ricky Beggs believes three spring market conditions sprouted last week. In his latest edition of Beggs on the Used Car Market, Beggs highlighted that lane action and weather conditions made lot attendants in strong demand since “pollen has fallen and created more yellow […] [Read More]

In reviewing wholesale price movements from last month, RVI Group pointed out that full-size sedans and luxury full-size sedans, respectively, had the greatest sequential price easing during March, while the industry’s overall movement was an uptick of 0.1 percent. Specifically, the RVI Used Car Price Index came in at 1.462 for March. Overall wholesale values […] [Read More]

DAA Northwest simply“Can’t Fight This Feeling” and is going back to the 1980s this summer for its Rock & Roll Sale. Headlining the annual event will be REO Speedwagon, who rocked the 80s with hits like “You Take It on the Run,” “Keep on Loving You” and “Can’t Fight This Feeling.” [Read More]

Auto Remarketing will soon launch a new special section for our print and digital magazines that is designed to recap the latest news and moves within the auction environment.   When it debuts later this spring, “Auction Roundup” will provide our readers with a comprehensive overview of auction facility openings, renovations, auction executive hires and […] [Read More]

In an effort to satisfy demand on the lots, which cars and trucks are dealers looking for in the lanes this spring?  Black Book tracked the most in-demand used car and truck segments this spring season, and found that dealers are buying up vehicles at a rapid rate in three particular segments. [Read More]

A unique and rather historic roadster will be featured on the auction block next week at ADESA Phoenix. The auction’s Luxury Lane sale on Wednesday will include a bank-owned 1954 Jaguar XK120 Roadster. ADESA said this car is a rare factory two-seat roadster. It features an upgraded, high performance powertrain, as it was built for […] [Read More]

Dealers may be enjoying a downtrend in wholesale prices in the near future, as NADA Used Car Guide says prices in the lanes for used cars and light trucks reached their “annual peak” in March. In the April edition of its Guidelines report, NADA UCG reported that prices for used vehicles up to  eigth years […] [Read More]

As used inventory continues to expand and tax season comes to a close, perhaps putting a damper on high spring sales, Black Book’s Ricky Beggs said bidding in the lanes was a bit slower this past week. “Feedback in the auction lanes from Black Book survey personnel indicate that many dealers were not bidding aggressively […] [Read More]