RVI Group’s third-quarter risk outlook showed how the used-vehicle price softening analysts found in August reinforces the possibility that an even greater price decline is coming next year. The group determined used prices for two- to five-year old models (seasonally adjusted) dipped by 0.7 percent last month when compared to July figures. However, analysts acknowledged […] [Read More]

August was a month of modest wholesale price growth in Canada, according to analysis on the latest ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index climbed “moderately” on a month-over-month basis following seasonal adjustments, and there was approximately a 0.3-percent sequential rise in wholesale […] [Read More]

Vehicle remarketers have a new tool to help them manage inventory through digital and in-lane selling venues. Manheim this week announced an expansion of its partnership with AutoIMS to include its new product, the AutoIMS Hub. This integrated technological solution, now available to OVE.com customers, could make juggling bids and sales between multiple auction platforms […] [Read More]

Dealer consignment was “huge” this week at Brasher’s Sacramento Auto Auction, said John Brasher in his post-sale report from Tuesday. Brasher noted that all segments of the market made strong showings at the sale, including trades and lease returns. He pointed particularly to SAA’s Ford sale as “very strong,” and to a positive rental promotion […] [Read More]

Auction volume in the first half of 2012 was roughly even from the same period of 2011, according to the National Auto Auction Association, which said all but one of the nation’s five regions saw an increase. NAAA also forecasts that 2013 will show a “noticeable overall gain” in auction volume, thanks in part to […] [Read More]

ADESA Buffalo marked its 20th anniversary earlier this week with a fun-filled Customer Appreciation Sale. Auction management highlighted that dealers were welcomed to the event with a hot breakfast buffet and a “swag” bag filled with gifts. The day continued with a number of entertaining games and contests. Customers showed off their passing skills for […] [Read More]

A month-long celebration will soon be under way in Phoenix, as Dealers Auto Auction of the Southwest marks its 10th anniversary. Meanwhile, in Iowa, another ServNet auction is now entering its 50th year in the lanes. DAA of the Southwest has planned an October-long event that focuses on one lane each week in October, highlighting […] [Read More]

At an upcoming Las Vegas event, Barrett-Jackson will auction off six charity vehicles, the proceeds of which will go to a variety of nonprofits. The vehicles will be available at the upcoming Las Vegas auction held at Mandalay Bay Resort & Casino Sept. 20–22. "This year's Barrett-Jackson charity vehicles support some of the nation's most […] [Read More]

Black Book’s Ricky Beggs contends there are two factors that sparked the most active market editors have seen in two months. What caused Black Book to adjust prices on more than 2,850 vehicles per day last week? Beggs explained what happened in the latest installment of his online video report, “Beggs on the Use Car […] [Read More]

High-level executives from both ADESA and Manheim calculate that dealer consignment volume is nearly 60 percent of their business nowadays. The combination of factors that led to that level is well-known by dealers and wholesalers — most notable being dwindling commercial consignment choking off supply that had kept the lanes full of vehicles for years. [Read More]