Repossession volume in the wholesale vehicle market climbed the last three years and reached pre-pandemic levels in 2024, according to January data from Cox Automotive. After hitting 1.7 million units in 2024, annual repo volume at auction is likely to remain at that level through 2029, Cox predicts. Amid these sustained heights of repo volume making their way to wholesale channels comes an important reminder: the process a vehicle undertakes through recovery is “complicated and full of friction, with many business verticals playing roles in the same space, grinding gears.” ... [Read More]

Pick a recent list that recaps positive attributes about brands and vehicles, and you’ll likely find Toyota, Tesla and Honda at or near the top of those highlights. Now you can add Black Book’s first Brand Value Index (BVI) of 2025 to those evaluations. Toyota led the way followed by Tesla and Honda in the […] [Read More]

Greater Rockford Auto Auction’s 51st birthday party will be a big one. The independent auto auction in Rockford, Ill., will celebrate with a two-day GRAA’lapalooza Anniversary Sale, set for June 24-25. The event will feature a concert by American alternative rock band Gin Blossoms, whose 1992 major label debut album, New Miserable Experience, produced the […] [Read More]

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program […] [Read More]

“In like a lion, out like a lamb” is supposed to describe March, or at least its weather. But in the wholesale vehicle market, that saying applied to February. Whether from literal winter storms or figurative economic/political ones, the month began with some used-car price “volatility” that smoothed out as February ended. And at the […] [Read More]

March started on Saturday; the last day of the week included in the newest Black Book analysis of the wholesale market. And that stretch generated the highest conversion rate seen at the auction so far this year, as Black Book pegged it at 62%, marking an increase of 4 percentage points from the previous week. […] [Read More]

Off-lease volumes and the equity gap between the value of those off-lease vehicles and their residuals: these have been a “double whammy” to OPENLANE’s marketplace business in recent years. But look for that two-headed headwind to reverse course next year. In the company’s fourth-quarter and full-year 2024 earnings call in February, CEO Peter Kelly said he expects 2025 to ... [Read More]

It doesn’t take an Ivy League-educated business expert to explain that when you keep your clients satisfied, you’re likely to experience gains in revenue and profit. Well, that’s what’s happening at Copart as the auction company is keeping its car insurance clients happy, especially with the capabilities and performance of its vehicle title solution. For the second quarter of its 2025 fiscal year that closed on Jan. 31, Copart generated ... [Read More]

J.D. Power is going deeper into the automotive remarketing business. The global data and research firm has acquired Superior Integrated Auctions, which the companies said combines SIA’s online auction marketplace capabilities with J.D. Power’s inventory, vehicle valuation data, predictive analytics and digital marketing systems to streamline pre-owned vehicle inventory management. The companies have been collaborating […] [Read More]

ACV made four acquisitions last year and two the prior year. Those purchases included the likes of Indiana Auto Auction, 166 Auto Auctions and Alliance Auto Auction. But the expansion strategy for 2025 will look a little different ... [Read More]