AutoIMS contends that juggling vehicle bids and sales between multiple online and physical auction platforms is not an easy task. After months of development, testing and client feedback, the company believes it now addresses these challenges directly by offering commercial consignors and auctions an integrated system to manage inventory through online and in-lane selling venues. […] [Read More]

While describing last week’s price trends as a “leveling market,” Ricky Beggs shares what he and the rest of Black Book’s editors expect to see as the wholesale scene ventures into autumn. Beggs indicated that Black Book’s outlook for the next couple of weeks is “an active market with a similar number of changes compared […] [Read More]

The branch of  the Blue Oval that offers dealers an alternative wholesale outlet for selling used vehicles that could not be retailed revealed it has reached a benchmark number in its program. Ford's Automotive Remarketing Services (ARS) program has remarketed its 500,000th vehicle for its customers.   And to celebrate this milestone, Ford  is hosting […] [Read More]

Local auto dealers came together this month to donate more than two dozen vehicles for a charity auction hosted by Harrisburg Auto Auction, and raised more than $30,000 for their cause. The dealer-only charity car auction was held Sept. 13, with 100 percent of sales and onsite donations directly benefiting the Carlisle, Pa., branch of […] [Read More]

RVI Group’s third-quarter risk outlook showed how the used-vehicle price softening analysts found in August reinforces the possibility that an even greater price decline is coming next year. The group determined used prices for two- to five-year old models (seasonally adjusted) dipped by 0.7 percent last month when compared to July figures. However, analysts acknowledged […] [Read More]

August was a month of modest wholesale price growth in Canada, according to analysis on the latest ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index climbed “moderately” on a month-over-month basis following seasonal adjustments, and there was approximately a 0.3-percent sequential rise in wholesale […] [Read More]

Vehicle remarketers have a new tool to help them manage inventory through digital and in-lane selling venues. Manheim this week announced an expansion of its partnership with AutoIMS to include its new product, the AutoIMS Hub. This integrated technological solution, now available to OVE.com customers, could make juggling bids and sales between multiple auction platforms […] [Read More]

Dealer consignment was “huge” this week at Brasher’s Sacramento Auto Auction, said John Brasher in his post-sale report from Tuesday. Brasher noted that all segments of the market made strong showings at the sale, including trades and lease returns. He pointed particularly to SAA’s Ford sale as “very strong,” and to a positive rental promotion […] [Read More]

Auction volume in the first half of 2012 was roughly even from the same period of 2011, according to the National Auto Auction Association, which said all but one of the nation’s five regions saw an increase. NAAA also forecasts that 2013 will show a “noticeable overall gain” in auction volume, thanks in part to […] [Read More]

ADESA Buffalo marked its 20th anniversary earlier this week with a fun-filled Customer Appreciation Sale. Auction management highlighted that dealers were welcomed to the event with a hot breakfast buffet and a “swag” bag filled with gifts. The day continued with a number of entertaining games and contests. Customers showed off their passing skills for […] [Read More]