In a widespread decline that impacted three out of four major vehicle segments, November’s wholesale pricing saw a 3-percentage-point decline on both a year-over-year and month-over-month level, according to the latest OPENLANE Market Index report. Specifically, OPENLANE’s U.S. Market Index was 125 for the month, down from 128 in October. Breaking it down by segment, […] [Read More]

There was a “new high” in wholesale prices during November as the market experienced its third straight month of wholesale gains, according to Manheim’s Tom Webb. He expressed a bit of skepticism when discussing the popular notion of a “ceiling” on used-car prices caused by trends on the new side. Specifically, the Manheim Used Vehicle […] [Read More]

JMN Logistics recently launched an enhanced version of its website so customers can find the quote tool on every page for added convenience. Company officials also pointed out the revamped site provides customers with the chance to quickly navigate areas and information about vehicle shipping, quoting and placing orders, as well as up-to-date news about […] [Read More]

The National Independent Automobile Dealers Association said late last week that its National Member Benefits Program and the CARCO Group have struck a deal to help association members be certain that vehicles for sale on their lots have clean records. CARCO powers the CheckThatVin website. This portal taps into the National Motor Vehicle Title Information System to obtain a […] [Read More]

Dollar Thrifty Automotive Group revealed this week that it has a new chairman. Replacing Thomas Capo in the position is Richard Neu. The change took effect immediately. In addition to stepping down from the chairman post, Capo also told the company he plans to retire from the board of directors. Capo — who has been a director […] [Read More]

Manheim Specialty Auctions and Titan Certified announced they have joined forces to offer certified inspections for the auction company’s specialty customers. This process will kick off with RVs. Certified inspections will be available for RV units sold at select Manheim Specialty locations as well as online, and will expand to include boats, motorcycles, powersports, heavy […] [Read More]

Taking a look at the most recent wholesale price trends, Black Book managing editor Ricky Beggs reiterated a familiar refrain — car prices remained volatile, while truck prices have been more stable. Black Book found 10 of the 14 truck segments declined less than $50 this past week, but only two of the 10 car […] [Read More]

Wholesale values declined on a sequential basis in October and the year-over-year gains the market showed were somewhat deceptive, according to ADESA’s Tom Kontos. Specifically, the average wholesale price for the month was $9,768, which is 0.7 percent softer than September and a 3.2-percent year-over-year hike, he noted. The year-over-year increase, though, is from rather soft comparables, […] [Read More]

Through a partnership with Insurance Auto Auctions, the National Kidney Foundation has launched a new philanthropic car donation program to support its charitable efforts to help combat kidney disease. [Read More]

Although overall Canadian wholesale prices showed a month-over-month upswing during October, four of six segments listed by ADESA Canada experienced weaker resale values in the auction market during the month, according to the latest ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index during October […] [Read More]