New, improved and relocated: That’s the word from Insurance Auto Auctions this week regarding its Austin, Texas, branch. On Tuesday, IAA announced the relocation of its Austin branch to a brand new facility in the southeastern city of Dale, Texas, in what the company says will offer buyers and sellers a “significantly improved auction experience,” […] [Read More]

While 50 cents might not fetch much nowadays, that decline in gas prices since April created a ripple effect throughout the industry, especially when it comes to wholesale prices. That’s the word from Kelly Blue Book, which calculated that used values dropped more than 2 percent in June, the second consecutive monthly decline since values […] [Read More]

Black Book editors and survey personnel found that dealers often proposed the same question when watching lane activity; used-car managers wondering, “What’s going on here?” Managing editor Ricky Beggs appeared to have an answer when he compiled the latest edition of his online video blog, “Beggs on the Used Car Market.” After recapping wholesale prices […] [Read More]

They represent a vast array of segments within the used-car and remarketing business, but have one key achievement in common: distinction as one of this year’s 13 Women in Remarketing. And these leading women of the industry will be honored at this fall’s National Remarketing Conference, which is part of the trio of events on […] [Read More]

Here’s a number used-car managers might want to remember as they’re scouring the lanes for inventory: 3.5 percent. That figure seems to be the consensus among analysts from Kelley Blue Book and NADA Used Car Guide on how much used-vehicle values are going to drop during the coming months. Alec Gutierrez, KBB’s senior market analyst […] [Read More]

When looking at Kelley Blue Book’s data highlighting the changes in auction values for one- to three-year-old vehicles in the second quarter, the three segments with the most significant declines all fit in the crossover category. Interestingly enough, though, KBB points out that crossovers are still ahead of the game when it comes to retained […] [Read More]

With the first half of 2012 in the books, sales are up and prices are down. Used-vehicle pricing continues to drop as the new-vehicle sales SAAR improved to 14.1 in June, according to the July edition of the Guidelines report from NADA Used Car Guide. But there is one section of the market that is […] [Read More]

As evidence of the continued downturn in used values, June marked the first time in four months that average sale prices at auction came in below $10,000, according to the latest analysis from ADESA’s Tom Kontos. ADESA Analytical Services’ monthly data indicates that the average wholesale price in June came in at $9,893, the lowest […] [Read More]

There’s good news coming from the lanes at Brasher’s Sacramento Auto Auction. With two exceptions, all segments of the wholesale used-vehicle market are strong in the area. In making his post-sale report for the July 10 sale at Brasher’s Sacramento, John Brasher noted a “really, really strong” market in almost all segments, including trades, repossessions […] [Read More]

Brian Butts may have been destined for the auto business ever since the first words that came out of his mouth as a baby. What’s more, the lifelong “first love” of this born-and-bred Los Angeles man has four wheels. “My first love has always been cars,” said Butts, who was recently named manager of auto […] [Read More]