Among the many Top 10 lists Edmunds.com included in its first quarterly Used Car Market Report, the website highlighted the leading used models purchased at franchised dealerships as well as the most-researched units at its website during Q1. So which used model was scooped up most by purchasers at franchised stores? It was the Honda […] [Read More]

As the end of April marked the end of the spring buying season for used cars, overall used-car depreciation was very slight. According to Black Book’s Ricky Beggs, overall, pre-owned vehicles only saw an average of 0.1 percent depreciation last month. Specifically, domestic cars increased by 0.2 percent, and domestic truck values rose by 0.1 […] [Read More]

Wholesale prices on average stayed above $10,000 in April, according to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class. Analysts determined wholesale prices in April averaged $10,096, which was 0.7 percent higher compared to March, but 4.5 percent lower relative to April 2012. “As in March, wholesale used-vehicle prices rose seasonally […] [Read More]

Taking a look back at April, reports are in that show what is perhaps good news for dealers — wholesale prices are dropping this spring in Canada. Used supply has been tight, ramping up auction prices throughout the country. But in April, the ADESA Canada Used Vehicle Price Index shows that after being adjusted for […] [Read More]

Earlier this week, Cox enterprises announced the completion of two solar projects at its Manheim and Cox Communications subsidiaries.   One of the solar projects was launched at Manheim New England, located in North Dighton, Mass. The project included solar installation, wetlands preservation efforts and an educational trail at the auto auction. The Manheim New […] [Read More]

Last Friday, Charleston Auto Auction held a promotional sale that featured more than 1,100 vehicles and 600 dealers, one of which was the lucky “Late Bird” winner. This week, Trae Hodson with Fanellis Auto was the lucky winner of $10,000. At the conclusion of every sale, Charleston AA  holds a “$10,000 Late Bird Drawing,” at […] [Read More]

South Bend Mishawaka Auto Auction earlier this week joined the network of more than 70 independent auctions that are a part of AuctionPipeline. In addition to listing premium late-model inventory, South Bend Mishawaka AA highlighted that it will be offering vehicles online with the EDGE Simulcast product from Auction Edge. “Through the years, we have […] [Read More]

Though auction prices are on the way down for most segments, full-size pickup trucks stand out as one of the few exceptions. According to NADA Used Car Guide’s May edition of Guidelines, through the first four months of this year, prices for this segment are up almost 7 percent. NADA UCG offered the following example: […] [Read More]

Black Book editorial director Ricky Beggs acknowledged that auction survey personnel gave the team a wide array of feedback this past week. In his latest edition of “Beggs on the Used Car Market,” Beggs highlighted the mood in the lanes ranged from, “slow, to many no-sales, to a couple indicating a flat market with the […] [Read More]

In developments described as “long anticipated,” the downward slide of the Manheim Used Vehicle Value Index continued in April, extending the reading’s decline to four months in a row. Manheim indicated wholesale prices (on a mix-, mileage- and seasonally adjusted basis) declined 1.0 percent in April, bringing the index level to 119.2, which was 5.5 […] [Read More]