Along with his monthly take on the specialty market, Black Book’s Ricky Beggs wondered what last week’s average daily adjustment level meant since it was the highest amount in 13 weeks. Black Book’s editors adjusted 2,437 vehicles daily a week ago, prompting Beggs to ask a question during his weekly online video series, “Beggs on […] [Read More]

Since last week included Thanksgiving, Black Book found the lanes to be quieter than usual as dealers feasted before hitting the showroom to welcome shoppers. For dealers who still scoured auctions for inventory a week ago, Ricky Beggs indicated he wasn’t surprised by what comments came back to Black Book headquarters. [Read More]

Black Book’s Ricky Beggs knows dealers are focused on two things this week: Thanksgiving dinner and selling cars. So with slow activity in the lanes expected, the managing editor offered a glimpse into what the situation might be like after all of the turkey and dressing are gone. “With this being a holiday week, there […] [Read More]

Manheim revealed its executive vice president and chief operating officer last week, and stepping into the role early next month is Janet Barnard, who has been with Cox for more two decades. Barnard’s most recent post was as senior vice president and general manger of the Cox Communications central region. In her new position with […] [Read More]

In the latest reading of the ADESA Canada Used Vehicle Price Index, wholesale value conditions in Canada appeared to be fairly static during October. Specifically, ADESA’s data — powered by ALG Canada — indicates that October’s index showed a 0.1-percentage-point hike on a seasonally adjusted month-over-month basis. Officials noted that on average, wholesale prices were […] [Read More]

Pushed by the Canadian dollar hitting its weakest level against the U.S. dollar in more than a year and gas prices reaching a seven-month low, wholesale values in Canada moved upward in October on both a year-over-year and month-over-month basis, according to the RVI Group. The RVI Used Car Price Index for Canada last month […] [Read More]

Though the low auction volumes and economic backdrop certainly played a big role in the discussions at the National Remarketing Conference, the larger picture taking shape at this year’s event is an industry that is stronger, more nimble and tackling the challenges with enthusiasm and creativity. [Read More]

In a special ceremony Thursday, nine of this year’s 10-member Women in Remarketing class were on hand to accept their awards. Allison Weller, of RemarketingEdge, which sponsored the ceremony, spent some time asking these women to share some of their secrets. [Read More]

Wholesale prices “remained true to typical October form”  last month, analysts with NADA Used Car Guide said when pinpointing the average decline for the month. They explained that October values for vehicles up to five years in age fell by an average of 2.5 percent relative to September. NADA UCG shared this data in the […] [Read More]

With the Re3 conference taking place today, Ally Financial’s SmartAuction teamed up with Renovo Services to announce that they have started selling repossessed vehicles directly from secured storage facilities throughout the country. ReposDirect.com, a Renovo company, will utilize SmartAuction as a resource for lenders to sell vehicles more quickly, more economically and with less risk […] [Read More]