The used-car market is still challenged by a lack of lease returns — an issue not likely to get better until the first quarter of next year — but dealers have received a shot in the arm from one particular consignment segment in the auction lanes, according to Kelley Blue Book. And oddly enough, this […] [Read More]

The only thing hotter than a California summer is vehicle sales at auction, according to one industry veteran, who says that means recovery within the auto industry. In his post-sale report for this past Tuesday, John Brasher of Brasher’s Sacramento Auto Auction reported the market as high across all lanes during the recent auction, with […] [Read More]

The National Auto Auction Association is bringing together two industry experts for a free Webinar for members titled, “Better Times Ahead?” The session set for 2 p.m. ET on Aug. 28 will include NAAA economist Ira Silver along with Manheim chief economist Tom Webb. They will discuss the economy and the overall state of the […] [Read More]

Based on two analyses of used-vehicle behavior in Canada during July, it appears Canadian wholesale prices were rather static in July. More specifically, the latest ADESA Canada Used Vehicle Price Index was released this week, and according to ADESA’s data — powered by ALG Canada — July’s index climbed “moderately” month-over-month. The index is based […] [Read More]

The wholesale price behaviors in the market’s top segments during the past month, given recent gas-price movements, might come as a bit of a surprise. But according to analysis from Black Book released Wednesday, fuel-efficient vehicle values have actually seen a more dramatic decline, percentage-wise, than large SUVs. For example, compact car prices down are […] [Read More]

With two of the segment’s highest-selling models going through redesigns for the 2012 model year, NADA Used Car Guide opted to take a closer look into retained values for compact luxury units. Analysts just placed used values on the 2012 version of the BMW’s 3 Series and Mercedes-Benz’s C Class for the first time and […] [Read More]

In joining its industry brethren, Manheim locations in North America will recognize National Auto Auction Week, the campaign sponsored by the National Auto Auction Association that begins on Monday. Manheim and NAAA reiterated the week was established to increase awareness about the significant contributions made by the auto auction industry to the national economy and […] [Read More]

Dealers making vehicle buys from the Lone Star State could see that new inventory arrive sooner, with an announcement this week from auto transport company EZTransportCorp. The company now offers same-day pick-up availability for Auto Transport Services in certain Texas cities. “Texas is conveniently located along the south truck route,” company officials said. “Most car […] [Read More]

As the number of average daily price adjustments stayed strong, rising gas prices kept Black Book editors busy last week. Managing editor Ricky Beggs pointed out that during the past six weeks, the national average price for a gallon of gasoline has risen by a total of 29 cents to $3.64 per gallon. “I hope […] [Read More]

The month-over-month decline in wholesale prices during July was moderately less steep than anticipated, according to NADA Used Car Guide, which attributed this particular trend to hearty truck demand making up for soft car segment values. Overall, AuctionNet prices were down 2.0 percent from June, which was “slightly better than expected,” explained senior analyst Jonathan […] [Read More]