These days, dealers are looking for every edge to find quality inventory for their lots. Americans are holding onto their cars longer than ever, causing higher prices at auction and a smaller crop of quality vehicles on which you can bid. According to a new study by R.L. Polk, “Length of vehicle ownership recently hit […] [Read More]

In a partnership that could potentially help bring shoppers out to the lots, the Costco Auto Program — which provides members with savings on vehicles at more than 2,500 participating dealerships throughout the country — has teamed up with Subaru of America for a promotion that rewards Subaru buyers with a Costco Cash Card. The Subaru […] [Read More]

Revealed earlier this week, community betterment organization United Way of Central Indiana  recognized KAR Auction Services for its participation in the Live United campaign. This campaign is designed to encourage companies to “give, advocate and volunteer to improve their local community,” officials explained. And this was KAR’s first time taking part in the Live United […] [Read More]

The Final Four takes place this weekend in New Orleans, and Ricky Beggs hopes his short-term wholesale price forecast is more accurate than his tournament bracket. During the latest installment of his video blog, “Beggs on the Used Car Market,” Beggs asked, “Where would I put my money?” In response, the Black Book managing editor […] [Read More]

Manheim collected plenty of accolades during the recent Conference of Automotive Remarketing in Las Vegas. All told, 15 of the company’s locations garnered honors for top performance in all aspects of the remarketing process, ranging from retention, volume and quality to marketing and customer service.  “We are pleased to be recognized for awards that honor […] [Read More]

KCI Auto Auction is teaming up with sister auctions DAA Northwest and El Paso Independent Auto Auction to host a NASCAR Days promotion this spring that will not only feature a plethora of vehicles up for sale, but also appearances from NASCAR drivers Greg Biffle and Clint Bowyer. The promotion is set for April 18–19 […] [Read More]

ServNet auction owners and members of the auction group’s executive team return to Dallas next month for their annual visit with national remarketers. ServNet will hold its next “Meet the Owners” event on April 4 at the Four Seasons Hotel – Las Colinas. The group explained that the Dallas trip is a part of a […] [Read More]

A new financing program has been rolled out in Canada whose creators say can make it easier for expatriates to lease or finance a new or used car in the country. ExpatRide — a supplier for several North America relocation and destination services companies — has launched a program that offers lease or purchase financing […] [Read More]

In the recently released latest update to the ADESA Canada Used Vehicle Price Index, the drill-down into segment pricing trends included in the analysis shows somewhat of a mixed bag. What the analysis uncovered was that the six segments in the data were split between strong gains, declines and stability. [Read More]

Black Book’s Ricky Beggs departed last week’s National Auto Auction Association/CAR event, which also featured a meeting of the International Automotive Remarketers Alliance, with the same sentiment as his industry colleagues. Over several days, Beggs recapped that, “Almost everyone I heard in the presentations and spoke with continues to be amazed at the recent trends […] [Read More]