Wholesale
Holman’s deal with WEX expands into Canada, extends through 2030
Tuesday, Nov. 12, 2024, 04:18 PM
Auto Remarketing Staff
Holman is doubling down on WEX. WEX, a global commerce platform designed to simplify the business of running a business, announced it is extended its agreement with Holman, one of North America’s largest integrated automotive service companies in North America, through 2030. The deal continues a partnership of more than 30 years between the companies […] [Read More]
Wholesale vehicle prices slow in October, but lane activity strong
Friday, Nov. 8, 2024, 12:40 PM
Auto Remarketing Staff
October is typically not a strong month for wholesale vehicle prices, and this year was no exception. However, conversion rates at the auction were solid last month as dealers were competitively snatching up inventory. That’s the latest from industry observers who released their respective monthly wholesale price indices this week. Starting with Cox Automotive, its […] [Read More]
Lane watch: Waiting for election results to ripple into wholesale & retail
Tuesday, Nov. 5, 2024, 03:12 PM
Auto Remarketing Staff
Black Book noticed typical wholesale price movements as October concluded, with one anomaly being increasing values observed for small pickups that are 8 years old or newer. But with Tuesday being both Election Day and the release of its newest installment of Market Insights, Black Book pointed to the run for the White House as […] [Read More]
Proficient Auto Logistics adds new board member to help navigate challenging times
Friday, Nov. 1, 2024, 11:47 AM
Auto Remarketing Staff
Amid acknowledgement of operational challenges during the third quarter of its 2024 fiscal year, Proficient Auto Logistics on Wednesday appointed a new member to its board of directors. Joining the leadership group is Brenda Frank, who is currently is the group senior vice president of human resources, buying offices, of Ross Stores. Frank leads a […] [Read More]
COMMENTARY: Best practices for using online auto auctions — A guide for dealers
Thursday, Oct. 31, 2024, 02:38 PM
Phil Battista, J.D. Power
In today’s competitive automotive market, American car dealers are constantly seeking ways to improve their used-vehicle inventory acquisition. The disruptions caused by the COVID-19 pandemic have made it challenging to meet consumer demand, with shortages and inflated prices becoming common in traditional sourcing channels like physical auctions. With these obstacles, online auto auctions have emerged […] [Read More]
Lane watch: Late-model compact cars & small pickups stay in demand
Wednesday, Oct. 30, 2024, 04:07 PM
Auto Remarketing Staff
Black Book said the wholesale market is showing “typical levels of depreciation expected for this time of year,” after overall values dropped 0.45% last week. What’s intriguing analysts most, however, is what’s going on with compact cars and small pickups, perhaps the vehicles currently most appealing to your potential retail customers. “The shortage of budget-friendly, […] [Read More]
September continues expected slowdown in commercial sales growth at auction
Friday, Oct. 18, 2024, 10:45 AM
Joe Overby, Senior Editor
While still up double-digit percentages, the growth in commercial vehicle volumes at auction is starting to slow. And that’s to be expected, according to the National Auto Auction Association. Through the first three quarters of 2024, commercial vehicle sales at auction have climbed 25.6% compared to the first nine months of 2023, NAAA said in […] [Read More]