The ADESA Canada Used Vehicle Price Index was recently updated through February, reflecting a 0.1-percent month-over-month rise in wholesale prices. ADESA's data — powered by ALG Canada — indicates the index climbed  “slightly after being adjusted for seasonality.” And price movements were “mixed” across the segments this past month. Interestingly, minivans, one of the most […] [Read More]

Though off-lease supply in the U.S. is expected to continue growing this year, Canadian dealers may experience the “pain” of tight used supply for a couple of years longer, says ADESA’s Tom Kontos. [Read More]

Choosing from within its ranks, Black Book announced that it has chosen a new senior vice president and editorial director. Tapped for the position is Ricky Beggs. Many in the industry are familiar with this particular exec from his weekly Beggs on the Used Car Market video reports, the latest of which Auto Remarketing reported […] [Read More]

Ally Financial recently recognized its top performing auctions for 2012 with the SmartLane Auction of the Year Award and the SmartAuction Mid-Stream Auto Auction of the Year Award. Taking top honors for its SmartLane performance was ABC St. Louis Auto Auction. Ally Servicing Remarketing leader Robert Stahl said ABC St. Louis has become a valued […] [Read More]

John Brasher’s latest post-sale report showed the celebration Brasher’s Sacramento enjoyed as a part of its 35th anniversary festivities. The auction welcomed dealers from more than a half dozen states who watched more than 2,600 units go down the lanes. Brasher said more than 1,600 of those vehicles were sold during the two-day event on […] [Read More]

Hyundai Motor American revealed Tuesday its choice for 2012 Auction of the Year. The annual Hyundai Auction of the Year award goes to Manheim Pennsylvania. The company explained this award is “presented to the best performing auction in terms of sales, customer service, efficiency, quality and overall performance.” This is third time Manheim Pennsylvania, a […] [Read More]

Record attendance, both live and online, marked the Charleston Auto Auction’s 12th anniversary celebration. The two-day celebration included a lender/vendor event on Thursday that featured live music, food and numerous companies offering services to benefit Charleston Auto Auction dealers.  Then on Friday, the auction hosted its anniversary sale, featuring more than 1,500 vehicles, 800 dealers […] [Read More]

One day after the National Automobile Dealers Association reiterated how it is continuing to support dealers affected by last fall’s Hurricane Sandy just yesterday, Black Book reported the recent Northeast snowstorms have had a “ripple effect” on the industry. Black Book explained, “A ripple effect may soon be felt across the Northeast auto industry as […] [Read More]

As we near the first day of spring, the action in the lanes seems to be changing as fast as the weather. According to Black Book’s Ricky Beggs, this past week saw the second highest number of vehicle prices adjusted over a weekly period since the week ending Sept. 14, 2012. Over 2,350 vehicles were […] [Read More]

Late next month, DAA Northwest will broaden its reach into Western Washington state and open up a new auction located in Auburn, Wash. It will be known as DAA Seattle. This was the news from DAA Northwest president Bob McConkey on Thursday, as he shared this with customers during opening announcements at the Spokane, Wash., […] [Read More]