Used cars are not only more fresh these days, but they're also much more valuable. And this growth in value is showing up in the prices people are willing to pay for these pre-owned vehicles. In fact, the total value of used cars sold in June was up 17.3 percent from a year ago, according […] [Read More]

Even as tax season came to a close, prompting predictions of used-car value drops, Manheim reported Tuesday there was actually an increase in used-vehicle values in the second quarter. The driver? Consumer demand, says Manheim analysts. “Strong consumer demand drove an increase in volume and values for used vehicles in the second quarter as attractive […] [Read More]

Risk management company Remarketing of America (ROA) launched a new program to recognize outstanding performance among auto auctions this week. The company revealed its new ROA Blue Award program on Tuesday, which ranks auctions for their performance against its productivity scorecard. Along with the announcement, the company reported its first set of winners for Q1, […] [Read More]

Auto dealer cooperative Wholesale Auto Supply Co. has now begun to offer a biometric-based identification device, for time and attendance purposes, to its members. The technology, provided by Actual iD, uses fingerprint scanning to identify intended individuals for the purpose of time-keeping, providing access to certain areas, and other uses as determined by the customer. […] [Read More]

After high prices stuck around a bit longer than expected in May following the close of tax season, the auction price declines in June more than doubled. According to Black Book data, prices for vehicles model years 2009-2013 fell an average of 1 percent. This is compared to a decline of 0.4 percent in May. […] [Read More]

When Asbury Automotive Group discussed its first-quarter results and announced its Q auto stand-alone pre-owned store concept this spring, chief operating officer Michael Kearney talked about the retailer’s used-car culture. It’s an approach that has led to significant used-vehicle growth for Asbury in recent years, setting the group up nicely to roll out such an […] [Read More]

Go Auto Exchange announced Monday it has purchased United Auto Auction in Houston, giving the company its third location and bulking up its presence in the Southwest. United Auto Auction — a four-lane location on 11 acres that has been in existence for more than 25 years — has been renamed Go Auto Exchange Houston. […] [Read More]

AutoNation reported its best new-vehicle sales for the month of June since 2007. The 25,450 units tallied last month marked a 1-percent increase over June 2013 and contributed to the retailer’s best second quarter new-car sales number (81,394) since 2006. This quarterly mark was also a 10-percent increase over AutoNation’s second quarter last year. AutoNation […] [Read More]

ADESA announced Monday that dealers have another way to utilize its LiveBlock tool — through the convenience of their smartphones. The company has launched the LiveBlock mobile app, which is available free for iPhone users. ADESA officials pointed out the move means registered dealers can now participate in live vehicles auctions at ADESA locations across […] [Read More]

It was an abbreviated week in the lanes with the Fourth of July holiday, but prices continued to fall as the market entered the dead of summer. And following a trend seen this past spring, the car segments continue to see larger declines than the more stable trucks. According to the latest “Beggs on the […] [Read More]