Although the overall supply of used units is still restricted — largely due to sluggish new-car sales from the recessionary years — it seems that a flood of end-of-term fleet vehicles has led to some alleviation in wholesale pricing lately, according to ADESA’s Tom Kontos. In fact, the average wholesale price in September was $9,750, […] [Read More]

Manheim Specialty Auctions and Total Resource Auctions revealed Monday that they have renewed their exclusive deal as remarketers for Coca-Cola. They are also holding a special Super Sale today where 200 heavy truck and equipment units from the beverage company will be up for bidding. Although the sale will be hosted by Manheim Georgia, the […] [Read More]

There was modest downward movement in Canadian wholesale prices during September, according to the latest ADESA Canada Used Vehicle Price Index report, which highlighted a mixed bag of economic activity in Canada during the month. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index dipped 0.1 percentage points month-over-month in September. […] [Read More]

It appears the hearty used values in the Canadian market are here to stay for a while. Canadian wholesale prices for full-year 2011 are projected to climb almost 8 percent on a year-over-year basis before jumping close to 3 percent in 2012 and then staying solid for years to come, according to the RVI Group. […] [Read More]

The wholesale market experienced far-reaching declines in vehicle values last month, according to NADA Used Car Guide, which attributed the sweeping price drops to a trio of factors. Analysts said a combination of seasonality, rental fleet volume increases and slowing demand for fuel-friendly rides helped drive the widespread sequential drop in wholesale prices. [Read More]

The International Automotive Remarketers Alliance has brought in yet another member to the group. Added to the list of consignors in the alliance is Porsche Cars North America. Another recent company to sign on to IARA is Dealer Services Corp. of Indiana, which joined Sept. 9, as reported by Auto Remarketing. “Porsche Cars North America […] [Read More]

For auction executives and dealers looking ahead to what might be happening within the industry, the economy and beyond, the National Auto Auction Association is assembling a free Webinar to provide some answers. The session titled, “Up, Down, Or Sideways — What Next for the Economy and Motor Vehicles?” is scheduled for 2 p.m. ET […] [Read More]

The recent surge in wholesale prices apparently isn’t over, but the near future is likely to see an extended slowdown in values, according to the RVI Group. Following what the firm believes will end up being a 14.1-percent year-over-year increase in the RVI Used Car Price Index for full-year 2011, wholesale prices are projected to […] [Read More]

Black Book’s Ricky Beggs has mingled within a fair share of auction lanes, but he witnessed activity developing last week he doesn’t ever remember seeing before. What was it? The vice president and managing editor explained during his weekly video series “Beggs on the Used Car Market.” Beggs began with, “While I was standing on […] [Read More]

To boost remarketing of repossessed vehicles, OPENLANE subsidiary Recovery Database Network and MVCONNECT recently reached limited version user agreements, meaning MVRecovery and MVIntel now are limited version users on RDN. The parties also entered into the following additional business relationships: —MVRecovery and MVIntel entered into repossession services provider agreements with OPENLANE, allowing them to remarket […] [Read More]