To augment what it already pushed out through its monthly Guidelines report, analysts from NADA Used Guide also posted videos sharing the latest price-movement developments. First, senior analyst Larry Dixon said consumers “brushed aside the ample rhetoric” regarding the impending federal budget sequester and purchased more new models in February than they did during the […] [Read More]

It’s not just that the expectation that more vehicles will be coming out of leases this year. What also bodes well for increased off-lease volume at the auction is the economics of it all, says ADESA’s Tom Kontos. Bottom line: dealers could be able to get their hands on more off-lease vehicles this year at […] [Read More]

Honda Canada revealed a recall this morning that includes certain Honda Pilot, Acura RL and Acura MDX vehicles to address potential malfunctions of the Vehicle Stability Assist system of these vehicles. Specifically, the OEM will recall approximately 3,200 Honda Pilot vehicles, 700 Acura RL vehicles and 3,800 Acura MDX vehicles from the 2005 model-year, and […] [Read More]

Based on the thinking that the future of fleet management for many companies extends beyond the North American borders, the NAFA Fleet Management Association created the International Fleet Academy to conduct educational sessions and seminars. To be the foundation for this new program, NAFA executive director Phillip Russo signed a three-year agreement with fleet solutions […] [Read More]

ADESA’s February wholesale price data reinforced the projection company analysts made a month earlier. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, used values in February averaged $9,752 — down 2.8 percent compared to January and 1.2 percent relative to February of last year. The company found that the […] [Read More]

In describing the used-car shopper’s ongoing appetite for full-size crossovers and hybrid cars in the latest Hot Used-Car Report from Kelley Blue Book, Arthur Henry used the phrase “overwhelming affinity.” In fact, KBB’s manager of market intelligence and market analyst said full-size crossover share climbed 34.7 percent month-over-month in February, while hybrid car share was […] [Read More]

Though auction values remain a bit lower than they were during the same period last year, the industry has seen small price climbs in the lanes for the past few weeks. And when talking about auction action last week, Black Book’s Ricky Beggs said "the strength continues!" During the NAAA/CAR event last week, Beggs said […] [Read More]

To reinforce what the company can do for its dealer customers, ADESA recently produced a video highlighting how used-car managers can leverage several solutions to keep them at the store to do what they do best — retail more vehicles. ADESA senior vice president of dealer services Tim Zierden emphasized that one of the company’s […] [Read More]

Brasher’s is set to celebrate 35 years in Sacramento with an upcoming special two-day anniversary sales. Brasher’s Sacramento Auction will hold the celebratory event on March 18 and 19. What’s in store for attendees? First, the event will kick-off with Brasher’s Live! on Monday night, “when the auction will entertain customers at an elegant dinner […] [Read More]

Several industry awards were handed out Thursday at the NAAA/CAR event in Las Vegas, including the Consignor of the Year, Remarketer of the Year, and more. During the Industry Awards Ceremony, the Consignor of the Year award went to Bob Graham, vice president of vehicle remarketing at ARI.  Meanwhile, Remarketer of the Year honors went […] [Read More]