If used-car managers currently are looking for vehicles that have some hauling capacity — specifically large SUVs and pickups as well as midsize vans — they might be able to find some less expensive units based on the latest wholesale price projections from NADA Used Car Guide. Analysts indicated the large SUV segment is once […] [Read More]

After starting to move vehicles down the lanes at its new Keystone State operation last month, Auction Broadcasting Co., is gearing up for ABC Lancaster Pennsylvania’s grand opening sale, which is scheduled for Wednesday beginning at 10 a.m. The company anticipates having more than 1,300 vehicles and more than $5,000 in giveaways, as well as […] [Read More]

The Re3 Conference, which focuses on repossession, recovery and remarketing, has expanded into one full day packed with content this year. And with a full day to explore a variety of topics, one key discussion that attendees do not want to miss will take place at 2 p.m. Titled “The Evolution, Revolution and Diversification of […] [Read More]

When Black Book reviewed last month’s overall wholesale price movements, editors found that import model values declined more than ones associated with domestic units. To be exact, editors noticed import used-vehicle values dropped by 1.8 percent compared with domestic models, which ticked down by 1.4 percent. Black Book indicated used imports are currently averaging $20,033, […] [Read More]

Used-car shoppers in the Lone Star State can now take part in the Ultimate Test Drive program. Avis Budget Group this week announced the expansion of its Ultimate Test Drive car sales initiative to potential car buyers in the state of Texas. In collaboration with AutoNation, the program offers consumers a wide selection of late-model […] [Read More]

Driven by a combination of factors, including “pent-up demand and cheap credit,” the American International Automobile Dealers Association indicated September new-vehicle sales came in the highest since 2008. Unadjusted for business days, AIADA declared that sales for all brands climbed 14.5 percent from September of last year. Furthermore, the association pointed out that Autodata Corp. […] [Read More]

New and redesigned models for 2013 are creating a media buzz, and a new report ranks Ford as having top Impact Media Value. According to General Sentiment’s New Models Auto MediaMatch report, released this week, Ford is the top brand with $79.8 million of Impact Media Value. The research credits the buzz on Ford to […] [Read More]

With years of auction industry leadership under his belt, Paul Lips is now stepping into his role guiding the National Auto Auction Association as its 2013 president. But interestingly enough, it was the need for a change-of-pace that brought him into the auction business in the first place. Some six years into his career in […] [Read More]

ADESA Analytical Services has been busy for weeks completing a major revision of the vehicle model class segmentation system Tom Kontos and his team of analysts utilize. On Wednesday, Kontos revealed ADESA’s new segmentation system; one he contends more accurately reflects current trends in vehicle model lineups. Kontos indicated that the major differences between the […] [Read More]

A new integration between Auction Edge and ShipCarsNow is designed to help dealers and consignors transport vehicles more efficiently. Auction Edge announced this week that buyers, sellers and consigners across the independent auto auction industry can now utilize ShipCarsNow from Auction Edge’s auction management platform. The integration offers Auction Edge customers the ability to ship […] [Read More]