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]

Carmoza Auto Transport already has one of Chrysler’s former top executives as president, and now the company has a chief executive officer who used to hold a high post at Ford. Named this week to the CEO role at Carmoza was Randy Ortiz, who previously oversaw all of Ford’s sales, production, distribution and dealership activities […] [Read More]

In addition to switching an executive from Insurance Auto Auctions over to ADESA, KAR Auction Services is taking advantage of local and state tax incentives to expand its headquarters and related work force. This week, president and chief executive officer Jim Hallett revealed the company will create up to 249 new jobs by 2015. While KAR […] [Read More]

October represented a record month for used-vehicle prices, which climbed double digits from a year ago and also showed the third-strongest month-over-month upswing this year, according to RVI Group. Not only that, but it marked the first time since April that the year-over-year upswing did not slow down from the previous month. [Read More]

Though they showed a year-over-year softening of 6 percentage points in October, Canada’s wholesale prices moved ahead of the September level, as three of four segments showed month-over-month gains, according to OPENLANE’S latest Canadian Market Index. Specifically, the Canadian Market Index was 102 in October, down from 108 in the year-ago period and up from […] [Read More]