To give its customers a little insight into its products as well as what’s in the cards for the future, Manheim hosted a two-day meeting earlier this month at the Ritz Carlton in Greensboro, Ga. The Client Advisory Board meeting, held on May 9–10, featured some of Manheim’s top executives, including Sandy Schwartz, president; Janet […] [Read More]

With the recent launch of the Consumer Financial Protection Bureau, cases dealing with dealership advertising and alleged sales fraud are popping up all over the country. And in one of the latest cases to hit the courtroom, a New Jersey dealership has been ordered to disclose damage to and prior use of the vehicles it […] [Read More]

After speaking with company leadership on Tuesday afternoon, Auto Remarketing has discovered further details about the emergence of Auction Edge, which has acquired Auction Pipeline as well as Auto Lookout, and apparently isn’t finished making waves. The company’s management includes top names in the auction business as well as former executives with Microsoft and Starbucks.  […] [Read More]

ADESA’s Tom Kontos discovered average wholesale used-vehicle prices in April remained near peak levels achieved during both the spring tax season last year and previously in 2010. According to ADESA Analytical Services monthly analysis of wholesale used-vehicle prices by vehicle model class, April wholesale prices averaged $10,577 — down 0.5 percent compared to March and […] [Read More]

Auction volume for luxury coupes surged last month, “saturating the used-car market” — as RVI Group’s Rene Abdalah put it — and leading to this segment being the only one to see a sequential decrease in prices during April. Specifically, luxury coupe values dipped 0.3 percent month-over-month, while all other segments either climbed in price […] [Read More]

Auto Remarketing has learned that Auction Pipeline was recently purchased by a new company with a slew of auction industry veterans as directors, including the current and former presidents of the National Auto Auction Association. According to a report Monday from GeekWire, Auction Pipeline was bought by Auction Edge, a new company headed by David […] [Read More]

Following a year where overall auction volume fell more than 7 percent, 2012 opened with what appears to be a sign of progress in the lanes, according to the National Auto Auction Association, which said the year-over-year volume decline continued to slow down during the first three months of the year. [Read More]

As gas prices continue to soften, the Black Book team finally began to see wholesale price trends for trucks and cars reacting as “one might normally expect,” according to Ricky Beggs. Beggs pointed out that fuel costs dipped another 4 cents last week to push the total decrease compiled during the past five weeks to […] [Read More]

Despite earning their lowest scores in more than a decade, Toyota and Honda held onto the lead spots in the 12th annual North American Automotive OEM-Tier 1 Supplier Working Relations Index Study. Meanwhile, Chrysler and General Motors saw continued improvement resulting in best-ever scores this year, and Ford fell slightly but remained in third place […] [Read More]

Dealer consignment volume in the auction lanes increased more than 8 percent during the first quarter, and while consignment from fleet/lease and OEM channels was still down, their declines have mellowed from the full-year downturns in 2011. These were just some of the findings in the recently released first-quarter Auction Industry Report from the National […] [Read More]