Black Book collected dealer reaction from throughout the country as gas prices continued to climb, and it appears these rising costs are weighing on the minds of many in the business. Managing editor Ricky Beggs indicated that the average price at the pump now stands at $3.72 after a seven-cent rise last week. Beggs pointed […] [Read More]

In a recent promotion that lent a hand to a cause helping seriously ill children and their families, Charleston Auto Auction and its dealers  generated more than $5,000 for the Ronald McDonald House of Charleston, S.C. As part of the promotion — which was titled “Wear A Shirt, Provide a Place to Stay” — representatives […] [Read More]

ADESA has announced a new vice president of sales, bringing in one of its auctions’ general managers for the role. Tapped for the position was John Combs, who previously was the GM at ADESA San Diego. The move was effective immediately. In similar news announced today, Donlen named its new senior vice president of sales […] [Read More]

Along with a list of suggested models that cost-conscious used-car managers could leverage to boost fuel-efficient inventory and still stretch floor plan dollars, Kelley Blue Book said that dealers planning to buy vehicles at auction should pay particular attention to midsize cars and compact crossovers. Why? Analysts reported in the August Blue Book Market Report […] [Read More]

The used-car market is still challenged by a lack of lease returns — an issue not likely to get better until the first quarter of next year — but dealers have received a shot in the arm from one particular consignment segment in the auction lanes, according to Kelley Blue Book. And oddly enough, this […] [Read More]

The only thing hotter than a California summer is vehicle sales at auction, according to one industry veteran, who says that means recovery within the auto industry. In his post-sale report for this past Tuesday, John Brasher of Brasher’s Sacramento Auto Auction reported the market as high across all lanes during the recent auction, with […] [Read More]

The National Auto Auction Association is bringing together two industry experts for a free Webinar for members titled, “Better Times Ahead?” The session set for 2 p.m. ET on Aug. 28 will include NAAA economist Ira Silver along with Manheim chief economist Tom Webb. They will discuss the economy and the overall state of the […] [Read More]

Based on two analyses of used-vehicle behavior in Canada during July, it appears Canadian wholesale prices were rather static in July. More specifically, the latest ADESA Canada Used Vehicle Price Index was released this week, and according to ADESA’s data — powered by ALG Canada — July’s index climbed “moderately” month-over-month. The index is based […] [Read More]

The wholesale price behaviors in the market’s top segments during the past month, given recent gas-price movements, might come as a bit of a surprise. But according to analysis from Black Book released Wednesday, fuel-efficient vehicle values have actually seen a more dramatic decline, percentage-wise, than large SUVs. For example, compact car prices down are […] [Read More]

With two of the segment’s highest-selling models going through redesigns for the 2012 model year, NADA Used Car Guide opted to take a closer look into retained values for compact luxury units. Analysts just placed used values on the 2012 version of the BMW’s 3 Series and Mercedes-Benz’s C Class for the first time and […] [Read More]