Granted, the recent retail used-car results of the big dealer groups are fruitful. But don't look past the wholesale impact of softer used-vehicle margins. Consider what Manheim's Tom Webb had to say in a blog post this week. With their fourth-quarter results pooled together, the seven publicly traded dealership groups saw their same-store used-vehicle retail […] [Read More]

Black Book announced Wednesday that it is now providing monthly valuation and pricing updates for all specialty market vehicles. This includes old cars and special markets like collectible, exotic and highline cars; as well as motorcycles and powersports, recreational vehicles and medium/heavy-duty trucks. The company explained that even though many of these markets might follow […] [Read More]

Seasonal patterns, such as an uptick in car buyers during tax season, lifted used-car pricing and wholesale activity this month, say Black Book editors. And continuing toward spring, the company said it expects "additional growth in new-car sales from pent-up demand will bring in more trade-in volume and result in a continued slow easing of […] [Read More]

Sparked in part by a rush of off-rental units, ADESA found January wholesale prices trending higher both on a month-over-month comparison as well as against year-ago readings. According to ADESA Analytical Services’ monthly analysis of wholesale values by vehicle model class, prices in January averaged $10,037 — up 2.5 percent compared to December and 1.3 […] [Read More]

Organizational changes were announced this week by family-owned Pittsburgh Independent Auto Auction, as several people take on new roles within its executive team.   Named chairman and chief executive officer of Pittsburgh Independent Auto Auction is David Angelicchio. Dennis Angelicchio has been appointed president of the company, and Debra Angelicchio-Jackson was appointed vice president. Company […] [Read More]

KAR Auction Services has announced its vice president of enterprise optimization. Promoted to the role effective immediately, company officials announced on Tuesday, is Stacey White. White most recently served as director of process improvement and cost management for KAR, and recently added responsibility for its sourcing and procurement division to her duties. She joined the […] [Read More]

CNW Research indicated that the days’ supply of used vehicles is moving up this month, topping 50 days for only the second time in more than two years. According to the firm’s February edition of its Retail Automotive Summary, the current level also is 13 percent higher than February of last year, "But well within […] [Read More]

The tax season may be contributing to a strong market in the lanes, says Black Book’s Ricky Beggs. The word from dealers last week at auction? “Busy buyers with sellers trying hard.” Beggs explained the market was strong and active, as Black Book ended up adjusting the values of more than 2,040 vehicles per day […] [Read More]

The National Auto Auction Association is hosting a free webinar for its members on how to navigate the requirements of the Patient Protection and Affordable Care Act. The nearly three-year-old federal legislation better known as ObamaCare will be dissected by: —Kevin Kuhlman, manager legislative affairs at the National Federation of Independent Business —Bob Graboyes, senior […] [Read More]

A newly-launched Manheim product offering advanced mobile bid and buy options is already earning kudos in the technological world. Manheim this week announced its win of the Product Launch of the Year award for its new product Simulcast on Mobile, from the Technology Association of Georgia Product Management Society. Simulcast on Mobile allows dealers to […] [Read More]