Another day, another wholesale vehicle value index reaches a third-straight record high. Same as the Black Book Used Vehicle Retention Index's record streak reported Monday, Cox Automotive said Tuesday that its Manheim Used Vehicle Value Index has now reached record highs for three straight months. [Read More]

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive. Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million. The eight Denver dealerships include two Lexus […] [Read More]

With wholesale vehicles already difficult to find in general nowadays, ADESA wants to make sure its employees can locate the specific unit desired by its buying and selling clients. To help with that part of the business, the KAR Global division announced on Tuesday the complete deployment of ADESA’s fully automated vehicle tracking solution powered […] [Read More]

Auctioneers and ringmen need reflexes the caliber of professional athletes nowadays, especially if a clean, low-mileage vehicle is crossing the block. Black Book recapped intensifying scenes now happening at auctions, as dealerships and yes, rental companies, vie for models that satisfy their respective customers. [Read More]

Experian’s latest report highlighted additional data about the used-vehicle finance market, showing the amount financed for consumers to take delivery of a used model during the third quarter 20% year-over-year. During this episode of the Auto Remarketing Podcast, Experian senior director of automotive financial solutions Melinda Zabritski expanded on what other interesting tidbits she and […] [Read More]

Advanced Business Computers of America (ABCoA), which has developed complete software solutions for independent dealerships and finance companies since 1983, recently added Berkshire Risk Services to its long list of integrations. With a mission to pioneer an all-in-one buy-here, pay-here ecosystem, ABCoA explained what blending Berkshire Risk Services into Deal Pack, its DMS and loan […] [Read More]

Fresh off of being named the Independent Dealership of the Year during Used Car Week, America’s Car-Mart expanded its dealership network right after Thanksgiving. The company announced that its newest buy-here, pay-here dealership is located in Norman, Okla., bringing its total store network to 153 locations. Car-Mart said the Norman dealership will be the company’s […] [Read More]

Not only did Canadian Black Book’s Used Vehicle Retention Index reach another record high in November, the month-over-month and year-over-year increases in the index were all-time highs, as well. Specifically, the CBB index was at 152.6 points for November, which beat the prior record set in October by 13.2 points. Fourteen of the last 17 months […] [Read More]

There has been a bit of “new” at the National Auto Auction Association in recent months. A new chief executive officer took office this summer, a new president this fall. And on Monday, NAAA released a new logo and tagline. The updated logo can be found in the above window, while the new tagline is “The […] [Read More]

On the auction block, on the dealer lot and in the consumer’s driveway: used-car prices are going up, and in some cases, breaking records. Starting on the wholesale side of the market, the Black Book Used Vehicle Retention Index, which was released Monday, has now reached a record high for three straight months. Coming in […] [Read More]