As Manheim’s Tom Webb explained this week in discussing the impact  that significant inventory reductions have had in the wholesale market, dealers these days no longer simply rely on heading to their local auction on sale day to find used units. Instead, they often have to employ numerous wholesale avenues to acquire used vehicles, including […] [Read More]

OPENLANE’s U.S. Market Index ticked higher in June, extending a string of three consecutive months of wholesale price gains. Analysts placed the June index reading at 109, a level 1 percentage point higher than May and 2 percentage points above the same month last year. Since OPENLANE rolled out this index back in June 2009, […] [Read More]

Now with half of 2011 already passed, Black Book managing editor Ricky Beggs indicated that he and his colleagues are steadily working on projected residual values for the 2012 models that are now appearing in the wholesale market. “You may be thinking as to what does projecting residuals have to do with the current used […] [Read More]

While examining used-car pricing trends in its latest Guidelines report , NADA Used Car Guide spotted something in two of the larger segments that was a bit different from prior months. With fuel costs down, large pickups and SUVs were a bit stronger than they were in May. [Read More]

Cash for Clunkers may have come and gone, but a new website that has recently launched aims to tackle a similar issue: getting rid of “unwanted” vehicles that are too old to be desirable, have repair costs that are more than the purchase price or are undesirable because of extremely high mileage. For those who […] [Read More]

CarProof announced its new director of corporate accounts earlier this week, appointing a former Manheim and ADESA executive to the role. Named to the position is Steve Macaluso, who comes to CarProof after serving as general manager of Manheim Toronto. In his new role, Macaluso will be asked to build and bolster CarProof’s business relationships […] [Read More]

Salvage auction company QCSA Holdings announced Thursday that it has found a new director of sales and service. Tapped for the position is Susan Gordon, whose 15 years of industry experience includes time with Manheim and PAR North America, among others. "I’m very happy to be a part of the growing team at QCSA Holdings," […] [Read More]

Considering the same relative softness on the retail side of the market, the current movement in the wholesale arena doesn’t come as a “major surprise” to Black Book’s Ricky Beggs, who spotted overall price declines on both the car and truck sides of the market for the third straight week. He said in the latest […] [Read More]

Dealers looking to move more specialty units such as heavy trucks, Rvs and motorcycles might find a new partner in Manheim Financial Services. The company announced late last week that it is expanding its specialty division and looking for dealers in need of financing — treating this market sector as an avenue for potential growth. […] [Read More]

Ritchie Bros. Auctioneers is launching a bundle of new value-added services for its customers in the U.S., Canada and throughout the world. These new services — which include detailed equipment information, real-time auction results through its website, equipment financing, powertrain service warranties and property and cargo insurance — are geared to complement and further enhance the […] [Read More]