Montreal-based XLane Holdings announced earlier this week that when it debuts its Mobile Appraisal Pad for the iPhone and iPad later this spring, the exclusive fleet company partner during the rollout will be Discount Car and Truck Rentals. The launch will take place May through June. “We remarket hundreds of vehicles each month, so speed […] [Read More]

Edmunds.com announced its second annual Best Retained Value Awards, which recognize the brands and new models that have the highest projected residual value after five years expressed as a percentage of the site’s True Market Value when sold new.   Headlining the winners revealed on Wednesday were Honda, which won the 2012 brand award for […] [Read More]

Revealed Wednesday, Westlake Financial Services has named its top auctions for the first quarter of 2012. And gaining the title of Top Overall Auction is ADESA Los Angeles. Commenting on the news, Bill Walters, vice president of remarketing at Westlake, says that ADESA Los Angeles “has been steadily improving their performance in the two years […] [Read More]

The hottest part of the spring market might be over because Black Book is seeing action cooling a bit in the auction lanes. Black Book managing editor Ricky Beggs indicated in his weekly wholesale commentary that editors and other auction reports are confirming that condition. “Spring break has come and gone in most parts of […] [Read More]

Ally Financial’s SmartAuction recently presented Flint Auto Auction with its Mid-Stream Auto Auction of the Year Award. Executives highlighted that Flint Auto Auction was the No. 1 seller of SmartAuction vehicles among all the auctions that work with the online site. Vice president Steve Kapusta emphasized Flint AA is a valued member of SmartAuction’s network […] [Read More]

The RVI Group spotted the same wholesale price climb other analysts noticed in March as the RVI Used Car Price Index moved higher both month-over-month and year-over-year. Analysts determined the March index reading ascended to 1.454, up 2.3 percent from the previous month’s level of 1.422. The March reading also marked a 7.9-percent jump from […] [Read More]

On Wednesday, the U.S. General Services Administration will kick off a week-long online sale hosted by Brasher’s Portland Auto Auction. The event is expected to include 20 vehicles up for sale, officials noted. The sale begins at 9 a.m. PST on Wednesday and runs through 9 a.m. on April 25. More information can be found […] [Read More]

Even though Chevrolet decided to no longer manufacturer the Avalanche after 2013, analysts believe the unique pickups should hold up well within the used-vehicle market. Late last week, Chevy officials indicated they are celebrating the model’s final year in production with the 2013 Black Diamond Avalanche. The brand highlighted Black Diamond Avalanches will feature body-colored […] [Read More]

America’s Auto Auction Inc. has acquired its 10th location with the acquisition of Auction Broadcasting Company’s Redtop Auto Auction Atlanta. The auction is located in Cartersville, Ga. Ben Lange, president and chief operating officer of America’s Auto Auction stated,  “I am pleased to announce that effective March 30, 2012, Red Top Auto Auction Atlanta, has […] [Read More]

As I’ve noted here before, I believe proxy bidding represents the “next generation” of used vehicle acquisitions at auctions. It’s far more efficient than physical trips to auctions and a complementary time-saver for vehicle buyers who monitor simulcast auctions. I’d promised in an earlier post to share data and insights gleaned from discussions with Manheim […] [Read More]