The appeal of nearly new models likely has been heightened since the average transaction price for a new vehicle in January came in at $49,388, which was $2,768 higher year-over-year according to data from Kelley Blue Book. Well, Black Book noticed it’s also going to cost dealers more in the wholesale world to get 0-to-2-year-old […] [Read More]

In the wholesale market, prices are climbing from January, and a stronger percentage of vehicles are selling. In fact, it has been 14 years since February wholesale vehicle prices have shown this large of a sequential gain. But prices continue to come down from … [Read More]

This auction news roundup includes details about United Auto Credit's 2022 Auction of the Year Award recipient as well as the recent, robust successes of Auction Academy’s Class Group 7. To recognize “exceptional performance and dedication of the team,” United Auto Credit gave its 2022 Auction of the Year Award to DAA Las Vegas. “We […] [Read More]

E Automotive Inc. has promoted executive Lisa Scott to serve as president of its EBlock business unit, the company said late Thursday afternoon. Scott was previously EBlock’s chief revenue officer. Her prior roles include serving as president of PAR North America and chief client officer at ADESA Canada. The promotion is part of the company’s […] [Read More]

A pair of developments from the fleet world arrived on Wednesday. First, Holman announced the acquisition of Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. Then, the NAFA Fleet Management Association (NAFA) recognized the 2022 graduates of its Certified Automotive Fleet Manager (CAFM) program. Executives highlighted the addition of Park […] [Read More]

Wholesale prices moved higher for the second week in a row, prompting Black Book to look deeper into its data and declare why the month has “started off fast.” While just an uptick of 0.03%, Black Book acknowledged the string of positive market gains hasn’t happened since … [Read More]

The new year is always an exciting time to reflect on the past and look ahead with optimism to a fresh start full of opportunities. For the automotive industry, 2022 was another turbulent year. In the wholesale space, it included tight used vehicle supplies and unprecedented declines in used vehicle values. In fact, the Manheim […] [Read More]

This week, the remarketing division at Westlake Financial announced its 2022 Auction of the Year Awards, recognizing a nationwide honoree as well as five regional accolade recipients. In recognition of the “incredible” performances this past year, Westlake gave its 2022 Nationwide Auction of the Year Award to Rawls Auto Auction. “Rawls Auto Auction is proud […] [Read More]

AutoIMS and Experian have teamed up to offer commercial consignors using the AutoIMS inventory management platform a three-month trial of Experian’s AutoCheck Vehicle History Snapshot data and full vehicle history reports. The free trial began in January and lasts through the end of March. The AutoCheck reports can be accessed on demand through AutoIMS or […] [Read More]

It was an unseasonably balmy February day in Atlanta on Tuesday. Coincidentally, the respective monthly used-car value indices released by two companies headquartered in the area showed signs of warming in the wholesale vehicle market, even “hints” of spring. While both Black Book’s Used Vehicle Retention Index and Cox Automotive’s Manheim Used Vehicle Value Index […] [Read More]