It hasn’t happened since April: auction values for affordable small cars climbing. But that’s exactly what Kelley Blue Book observed recently. Thanks to a modest increase in price at the pump, used vehicles such as the Honda Fit, Smart fortwo, Suzuki SX4, Volkswagen Jetta TDI, Kia Rio and Honda Insight posted $100 to $600 price […] [Read More]

Boston-area Paine Auto Auction will make its debut next week, opening the doors to a five-lane facility with the capacity for 1,200 units. With Sean Paine as president and chief executive officer, the auction’s leadership will also include a former president of the National Auto Auction Association. Serving as chief financial officer is Gregory Kobel, […] [Read More]

Thanks to a supply downturn — spurred by past years’ lagging new-vehicle purchases and leases — and other key factors, asking prices for used vehicles in Canada during the second quarter jumped more than 1.2 percent from the first quarter, according to autoTRADER.ca. And for the majority of luxury models, the run-up in used prices […] [Read More]

Fleet services provider ARI recently named an executive vice president and chief operating officer for ARI Canada who will also take on duties as managing director of global operations. Tapped for the position is Chris Conroy, who has been with ARI since 1994. His most recent post was as ARI Canada’s senior vice president of […] [Read More]

ADESA Canada and RVI Group both released their respective Canadian used-vehicle value indices for June this week, both of which moved up modestly from May. But their individual findings on more specific wholesale price behavior for the month were quite different. So what, exactly, did these two firms observe about Canada’s used-car market? [Read More]

Though eclipsing year-ago levels by more than 3 percent, wholesale values fell sequentially for the second straight month, according to RVI Group, which said this week that June’s used prices were off 0.8 percent from May. This follows a 0.9 percent month-over-month decrease in May.  Before that drop-off, used values had increased sequentially in each […] [Read More]

New, improved and relocated: That’s the word from Insurance Auto Auctions this week regarding its Austin, Texas, branch. On Tuesday, IAA announced the relocation of its Austin branch to a brand new facility in the southeastern city of Dale, Texas, in what the company says will offer buyers and sellers a “significantly improved auction experience,” […] [Read More]

While 50 cents might not fetch much nowadays, that decline in gas prices since April created a ripple effect throughout the industry, especially when it comes to wholesale prices. That’s the word from Kelly Blue Book, which calculated that used values dropped more than 2 percent in June, the second consecutive monthly decline since values […] [Read More]

Black Book editors and survey personnel found that dealers often proposed the same question when watching lane activity; used-car managers wondering, “What’s going on here?” Managing editor Ricky Beggs appeared to have an answer when he compiled the latest edition of his online video blog, “Beggs on the Used Car Market.” After recapping wholesale prices […] [Read More]

They represent a vast array of segments within the used-car and remarketing business, but have one key achievement in common: distinction as one of this year’s 13 Women in Remarketing. And these leading women of the industry will be honored at this fall’s National Remarketing Conference, which is part of the trio of events on […] [Read More]