Since the Internal Revenue Service needed more time to get online tax filing systems up and running so potential used-vehicle buyers could get refunds, Black Book found that dealers are talking up “spring market” and “tax time” as they walk the lanes nowadays. Black Book managing editor Ricky Beggs said this year’s electronic filing date […] [Read More]

The first Manheim Used Vehicle Value Index reading of 2013 represented a 1.8-percent decline from a year ago, settling at 123.4. As a result, wholesale prices (on a mix-, mileage-, and seasonally adjusted basis) fell by 0.6 percent in January. Manheim said that absent the seasonal adjustment, the decline in vehicle values was half that […] [Read More]

Pittsburgh Independent Auto Auction recently announced several major organizational changes involving key personnel.  Promoted to general manager is Chris Angelicchio, who has  worked in various positions at PIAA for more than 10 years including serving as assistant general manager for the past 5 years, the company shared. Furthermore, Aaron Bell has been appointed director of […] [Read More]

Late last week, Insurance Auto Auctions launched I-Pay through its IAA Buyer App for Apple, saying it is the first company in the industry to introduce payment services for salvage buyers via an app. The company explained that I-Pay can offer qualified buyers with a U.S. bank account the ability to pay for vehicle purchases […] [Read More]

In looking at business cycles of the past, Tom Webb noticed that each time new-vehicle sales rose coming out of a recovery, franchised dealers often lost focus on the used-car side of the business. But not this time around, said Manheim’s chief economist, noting the improvements in the dealer body. [Read More]

Off-lease volume will grow this year and eventually pass 2.4 million units in 2015. That’s the word from Manheim’s Tom Webb, who gave an overview Saturday at the NADA Convention & Expo of the trends in the 2013 Used Car Market Report released this morning. Back in the early part of this new century, off-lease […] [Read More]

Harrisburg Auto Auction raised more than $35,000 for the American Red Cross for Hurricane Sandy relief through a program in November and December where the auction donated $5 for every vehicle sold. Having sold more than 7,000 units during these months and with the auction employees walking through the lanes to solicit donations from dealers, […] [Read More]

Liquid Motors said Wednesday that it has rolled out a new tool that can help dealers improve inventory control and merchandising. Wholesale Max allows dealers to set up auto-launch rules to major online wholesale marketplaces for the vehicles they want to sell, based on age of the unit and other metrics. Dealers only have to […] [Read More]

Organizers of the 2013 Auto Remarketing Canada Conference, presented by CarProof, recently announced four key areas of focus that will be spotlighted during the three-day event this April in Toronto. They have also released some preliminary details about the speakers who will be touching on these subjects. [Read More]

The latest data from the National Auto Auction Association pointed toward growing volume coming down the lanes. In December, volume at member auctions rose by 9.8 percent year-over-year, finishing 2012 with a year-to-date level that was 0.5 percent higher. In terms of prices, NAAA found that December prices came in 0.4 percent higher than the […] [Read More]