ServNet is set to hold its biannual Meet the Owners event next month in Southern California, where it will elect a new member of the board of directors, meet with remarketing executives and more. The group also noted that technology continues to be a major focus on these events. [Read More]

In the latest video report on wholesale activity, John Brasher of Brasher's Sacramento Auto Auction noted that prices appear to be softening, thanks to a market correction that was “probably needed.” He also talked about the sale early last week in his neck of the woods at Brasher’s Sacramento. “There were close to 1,900 units […] [Read More]

Summer was just starting the last time Kelley Blue Book saw used-vehicle values dip as little as they did in September. Alec Gutierrez, KBB’s senior market analyst of automotive insights, said used values declined 1 percent in September, resulting in the mildest decline in more than three months. Kelley Blue Book expects values to continue […] [Read More]

Prices in the Canadian wholesale market were sluggish last month, with monthly used-car value indices from both ADESA Canada and RVI Group declining. Starting with the ADESA Canada Used Vehicle Price Index report's data — powered by ALG — officials found that the index fell “substantially” on a month-over-month basis when seasonally adjusted, noting that […] [Read More]

When looking at the September’s wholesale pricing trends included in the latest RVI Market Update, one of the highlights of the month was the full-size SUV class. According to the report released Tuesday afternoon by RVI Analytical Services, full-size SUVs led all year-over-year increases during September, as their prices went up 9.7 percent. The segment […] [Read More]

The latest trend data prepared by the National Auto Auction Association showed how much September volume went up while prices softened in the wholesale market. NAAA information indicated last month’s volume ticked up by 0.6 percent compared to September of last year. However, economist Ira Silver pointed out that year-to-date, auction volume is off by […] [Read More]

Because so many new midsize cars are being introduced for 2013, Black Book discovered the development is placing larger-than-normal downward pricing pressure on late-model used models in the segment. Managing editor Ricky Beggs noted that wholesale price averages for these units have dropped an average of 1.0 percent each week during the past few months. […] [Read More]

Among approximately 2,200 vehicles that Black Book editors adjusted on average each day last week, Ricky Beggs shared that it was modifying wholesale prices of average- and clean-condition models that caused the most noteworthy movements. Beggs mentioned that 36 percent of the average-condition changes resulted in an upward price adjustment while 33 percent of clean-condition […] [Read More]

Ford's Vehicle Remarketing Department recently spotlighted 12 auctions for their exceptional performance as Automotive Remarketing Services Partners. Receiving honors at the recent National Auto Auction Association conference, the following auctions were named ARS Partner Recognition Award Winners: Manheim Pennsylvania Manheim Mississippi Brasher’s Salt Lake Auto Auction ADESA Indianapolis Manheim New York Manheim Chicago Manheim Detroit […] [Read More]

As noted in its mid-year Auction Industry Report, the National Auto Auction Association is anticipating a “noticeable overall gain” in auction volume next year, given the projected turnaround for fleet/lease and manufacturer/factory numbers. Such an increase would likely not only help auctions, but also aid dealers in finding more inventory for their used-car lots. However, […] [Read More]