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]

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]