Concurring with other wholesale market assessments, ADESA Analytical Services discovered April’s wholesale used-vehicle prices averaged $10,551 — a reading flat with March and only 0.6 percent lower than last April’s record level. As dealers have readily seen, ADESA also noticed prices were strongest for compact cars (up 7.2 percent month-over-month and 14.4 percent year-over-year) and […] [Read More]

The sequential gains in the wholesale market rolled on during April, according to the latest analysis from RVI Group. Specifically, analysts spotted a 2.4-percent month-over-month gain (seasonally adjusted) and a 16.1-percent year-over-year hike in the month’s wholesale prices. In light of fuel-cost hikes — national gas prices are now close to $4 a gallon — […] [Read More]

The International Automotive Remarketers Alliance announced Tuesday that Mike Albert Fleet Solutions has become a member. Cincinnati-based Mike Albert Fleet Solutions manages fleets in the U.S., Canada and Puerto Rico, as well as providing fleet optimization solutions for dealers, including strategies to build brand awareness and increase productivity. [Read More]

Describing his findings in Black Book’s latest look at the wholesale marketplace, managing editor Ricky Beggs shared how a pair of distinct dealer sentiments are showing up in the lanes nowadays. Included in his weekly video report, “Beggs on the Used Car Market,” the Black Book veteran  indicated the majority of the comments from dealers […] [Read More]

For the second time already this year, the Manheim Used Vehicle Value Index reached a record high. Manheim’s Tom Webb explained wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis rose 1.9 percent in April against the previous month, leaving the index reading at 126.6. During the past year, Webb calculated adjusted wholesale […] [Read More]

In an interview with Auto Remarketing, ALG said it believes a trio of economic factors — the housing market, used supply and gas prices — will combine to effect 36-month residuals between zero and 1 percentage point based on how vulnerable a segment is to the aforementioned factors. [Read More]

Ritchie Bros. Auctioneers revealed this week that it achieved some Canadian records for the company at its recent three-day unreserved public equipment auction in Edmonton. The company posted its best-ever Canadian marks for the amount of equipment sold online, most registered online bidders and most unique buyers. Not only that, the gross auction proceeds were […] [Read More]

Canadian prices were sequentially static for the second consecutive month during April, but posted a year-over-year gain of 4 percentage points, according to the latest analysis from OPENLANE. Specifically, the Canadian Market Index was at 99, a level it has held steady since February, OPENLANE indicated. By segment, three of the four categories in OPENLANE’s analysis […] [Read More]

Dealer consignment conversion rates shared by KAR Auction Services chief executive officer Jim Hallett Wednesday reinforced likely dealer observations — how units in these ADESA lanes are going to store inventory and not head back to the auction’s storage facility. In years past, dealer consignment units might have converted at 40 to 45 percent; however, […] [Read More]

Though static on a year-over-year basis, wholesale prices climbed 4 percentage points from March, according to OPENLANE. The company said Wednesday that it saw sequential growth in three of its four segments. Specifically, the company’s U.S. Market Index in April was at 109, compared to 105 during March. There were gains in the car, minivan and SUV […] [Read More]