While examining used-car pricing trends in its latest Guidelines report , NADA Used Car Guide spotted something in two of the larger segments that was a bit different from prior months. With fuel costs down, large pickups and SUVs were a bit stronger than they were in May. [Read More]

Cash for Clunkers may have come and gone, but a new website that has recently launched aims to tackle a similar issue: getting rid of “unwanted” vehicles that are too old to be desirable, have repair costs that are more than the purchase price or are undesirable because of extremely high mileage. For those who […] [Read More]

CarProof announced its new director of corporate accounts earlier this week, appointing a former Manheim and ADESA executive to the role. Named to the position is Steve Macaluso, who comes to CarProof after serving as general manager of Manheim Toronto. In his new role, Macaluso will be asked to build and bolster CarProof’s business relationships […] [Read More]

Salvage auction company QCSA Holdings announced Thursday that it has found a new director of sales and service. Tapped for the position is Susan Gordon, whose 15 years of industry experience includes time with Manheim and PAR North America, among others. "I’m very happy to be a part of the growing team at QCSA Holdings," […] [Read More]

Considering the same relative softness on the retail side of the market, the current movement in the wholesale arena doesn’t come as a “major surprise” to Black Book’s Ricky Beggs, who spotted overall price declines on both the car and truck sides of the market for the third straight week. He said in the latest […] [Read More]

Dealers looking to move more specialty units such as heavy trucks, Rvs and motorcycles might find a new partner in Manheim Financial Services. The company announced late last week that it is expanding its specialty division and looking for dealers in need of financing — treating this market sector as an avenue for potential growth. […] [Read More]

Ritchie Bros. Auctioneers is launching a bundle of new value-added services for its customers in the U.S., Canada and throughout the world. These new services — which include detailed equipment information, real-time auction results through its website, equipment financing, powertrain service warranties and property and cargo insurance — are geared to complement and further enhance the […] [Read More]

Canadian fuel costs reached almost a three-year-high in May, hitting $1.31 per liter. This was the priciest fuel in Canada since July 2008, when prices reached $1.39, according to RVI Group. But expensive gas did more than just cause a financial headache at the pump. It also had an impact on wholesale values, driving them […] [Read More]

The International Automotive Remarketers Alliance will commemorate its 10th anniversary when it convenes next month in Dallas for the annual IARA Summer Roundtable, which will include a host of industry leaders, such as Manheim Consulting’s Tom Webb and longtime General Motors executive Bob Lutz. The event is scheduled for Aug. 16-17 at the Westin Galleria […] [Read More]

Dealers realize every wholesale auction transaction whether in-lane or online centers on one key question: What’s the value of this unit? To give more clarity to that issue, Manheim recently introduced a new feature on OVE.com, allowing buyers to “make an offer” and suggest the value they think a vehicle is worth on designated Buy […] [Read More]