The rest of 2012 will likely see continued strength in used-car pricing, but there could be some “downward pressure” in the near future, according to the RVI Group. Explaining the anticipated strength in used prices for the remainder of the year, RVI said: “This is due to an expected increase in new-car competition and decrease […] [Read More]

With consumer demand for used vehicles riding high, Avis Budget Group launched a new program on Wednesday that sells late-model off-rental units directly to the public. Avis Budget has teamed up with AutoNation for the “Ultimate Test Drive” initiative, which lets consumers use the AutoNation Direct sales channel to purchase off-rental Avis and Budget units. […] [Read More]

Kelvin Thompson will have owned Perry’s Auto Auction — the oldest continuously running operation in Georgia — for five years as of August. It’s such an achievement that CNBC sought out Thompson to share his story of diving into a new industry without any previous wholesale experience just before the deepest recession in recent memory. […] [Read More]

Tonight, Perry’s Auto Auction will be featured on a news program on national TV. Brian Sullivan, co-anchor of CNBC’s Street Signs, is hosting the CNBC broadcast, Getting Back To Business. The event will bring together well-known corporate leaders and small business owners from across the country for a unique look at very different companies that […] [Read More]

Bill McIver is the first to admit he’s not very good at this retirement thing. Three years ago, he officially “retired” from GMAC, now known as Ally Bank — where he spent 40 years — but his active-duty status in the remarketing business didn’t exactly end there. [Read More]

As Black Book watched car and truck prices decrease again last week, Ricky Beggs explained a new wholesale development he coined as “if sales.” During the latest edition of his online video blog, “Beggs on the Used Car Market,” the managing editor touched on developments beyond the overall price movements he recapped later. “Some interesting […] [Read More]

Auto Remarketing Conferences has announced that online registration for the 2012 Used Car Week series of conferences is now open. [Read More]

As part of parent company Cox Enterprises’ program to help spruce up the nation’s rivers, Manheim Pennsylvania recently chipped in on efforts to clean the Conestoga River in Lancaster County Central Park. There were more than 100 Manheim employees and their family members on hand for the event, as they teamed with volunteers from American […] [Read More]

As Tom Kontos put it, May’s wholesale pricing activity certainly backs up the assertion that he and ADESA Analytical Services have had for some time: used values have likely peaked. In fact, as part of his look at monthly pricing trends, Kontos revealed that the average wholesale price in May was $10,271, which was 2.9 […] [Read More]

The decline in used-vehicle prices in June isn’t just a blip on the radar. Next month will likely show used prices dropping yet again, according to NADA Used Car Guide. In fact, all used segments are projected to see price declines during the next few months due to moderate seasonal demand, said NADA UCG senior […] [Read More]