Here’s a number used-car managers might want to remember as they’re scouring the lanes for inventory: 3.5 percent. That figure seems to be the consensus among analysts from Kelley Blue Book and NADA Used Car Guide on how much used-vehicle values are going to drop during the coming months. Alec Gutierrez, KBB’s senior market analyst […] [Read More]

When looking at Kelley Blue Book’s data highlighting the changes in auction values for one- to three-year-old vehicles in the second quarter, the three segments with the most significant declines all fit in the crossover category. Interestingly enough, though, KBB points out that crossovers are still ahead of the game when it comes to retained […] [Read More]

With the first half of 2012 in the books, sales are up and prices are down. Used-vehicle pricing continues to drop as the new-vehicle sales SAAR improved to 14.1 in June, according to the July edition of the Guidelines report from NADA Used Car Guide. But there is one section of the market that is […] [Read More]

As evidence of the continued downturn in used values, June marked the first time in four months that average sale prices at auction came in below $10,000, according to the latest analysis from ADESA’s Tom Kontos. ADESA Analytical Services’ monthly data indicates that the average wholesale price in June came in at $9,893, the lowest […] [Read More]

There’s good news coming from the lanes at Brasher’s Sacramento Auto Auction. With two exceptions, all segments of the wholesale used-vehicle market are strong in the area. In making his post-sale report for the July 10 sale at Brasher’s Sacramento, John Brasher noted a “really, really strong” market in almost all segments, including trades, repossessions […] [Read More]

Brian Butts may have been destined for the auto business ever since the first words that came out of his mouth as a baby. What’s more, the lifelong “first love” of this born-and-bred Los Angeles man has four wheels. “My first love has always been cars,” said Butts, who was recently named manager of auto […] [Read More]

The teaming of two auction-related companies to offer online bidding on wholesale vehicles to not only dealers, but the general public was announced this week. On Wednesday, Coast to Coast Public Auto Auctions revealed its partnership with Proxibid, a move the companies say will allow consumers to shop for a wholesale vehicle via live and […] [Read More]

Auto Remarketing learned Wednesday morning that vAuto has purchased Auction Genius and that initial product integrations between the two companies have started. Customers will be able to begin using elements of the integrated system this summer, officials noted, emphasizing that full integration and functionality will likely be ready by December. “This acquisition advances vAuto’s mission […] [Read More]

The Greater Milwaukee Auto Auction will celebrate its eighth anniversary this week in a big way, with an expansion from four lanes to five, running 1,100 cars each week, and the installation of new epoxy floors in its lanes. Opened in 2004, GMAA is Wisconsin’s largest independent auto auction. Last fall, the auction also expanded […] [Read More]

Think $9,500 isn’t getting you the same kind of vehicle at auction as it did a year ago? Manheim’s Tom Webb agrees and shared some data Monday to support the claim. During his quarterly conference call, Webb delved into his findings when he looked at the average change in mileage by wholesale price tier, comparing […] [Read More]