During this past week, a large number of no-sales plus an industry “hesitancy” to build inventory from the auction lanes prompted Black Book’s Ricky Beggs to question where these trends are coming from. The managing editor said, “The numbers out of the used wholesale activity during the past week seem to have indicated hesitancy in […] [Read More]

The buying fever faded a bit in the auction lanes this week, according to John Brasher of Brasher’s Sacramento Auto Auction. He noted in the post-sale report from the auction’s Jan. 15 sale:“The strong market continued, but I must say it wasn’t the fever pitch it was last week. Last week was the first full […] [Read More]

Direct Auction Services announced today it has named a president. Appointed to the position is David Young, who was most recently senior market vice president at Manheim, where he headed up auction operations in South Texas and the Gulf Coast. “We are delighted to welcome David Young to the Direct family of businesses as the […] [Read More]

Following its success with monthly sales at the Florida auction, Westlake Remarketing  will hold sales at Sanford Auto Dealers Exchange twice each month. This was announced by auction owner Michael Tumminello. [Read More]

Though industry analysts have found that wholesale prices are sitting at high rates as 2013 gets underway, these same experts do not expect hiked prices in the lanes to last for long. In fact, Kelley Blue Book's latest Blue Book Market Report said that as the effects of Hurricane Sandy begin to wane, wholesale values […] [Read More]

Louisiana’s 1st Choice Auto Auction is adding a festival flair to its Rockin’ Mardi Gras Party and Sale. Combining the sights sounds and tastes of Mardi Gras with more than 900 vehicles in the sale, LAFCAA expects customers from far and wide to join management for the celebration on Feb. 4 and Feb. 5 to […] [Read More]

As 2012 came to a close, wholesale values were on the rise, driven by the affects of Hurricane Sandy and increased demand. Seasonally adjusted on 2- to 5-year-old vehicles, prices in the lanes rose by 1.8 percent month-over-month this past December, according to the latest RVI Market Update. And on a year-over-year basis, prices were […] [Read More]

The Blue Oval has "consistently" beat out competition when it comes to buyer loyalty. After Experian Automotive revealed earlier this week the Q3 2012 Loyalty and Market Trends report, which highlighted two of Ford’s models as having the most brand-loyal owners — the Ford Fusion and the Ford Flex — the company gave Auto Remarketing […] [Read More]

As 2012 wrapped up, wholesale values finished off at high rates for dealers, who saw increases spotted across the segments, most noticeable in the smaller car segments. According to the latest RVI Market Update, wholesale values (seasonally adjusted on two- to five-year-old vehicles) went up 3.4 percent when compared to November. Moreover, this number was […] [Read More]

This year was an eventful one for the U.S. — presidential elections, high gas prices, superstorms and fear of a financial crisis lit the 2012 landscape. But as NADA’s Jonathan Banks pointed out in the latest Guidelines report, the new- and used-car market “weathered these conditions extremely well and were inarguably bright spots in an […] [Read More]