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]

Want to know a good indicator if auction volume is going to keep growing off of 2012 — a  year where the industry posted its first uptick since 2006? Used-car managers ought to watch new-vehicle sales activity on the other side of their franchised showrooms. Or if managers run an independent lot, they should keep […] [Read More]

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]