Along with a separate alliance with Open Dealer Exchange, CUDL, administrators of one of the nation’s largest auto lending network for credit unions, recently announced a new initiative with Manheim’s OVE.com and GE Capital Fleet Services. As a result of the new initiative, officials highlighted CUDL, OVE.com and GE Capital Fleet Services will cooperate to […] [Read More]

After dealing with the unexpected snowfall in North Carolina, dealers and buyers alike had another storm to weather Monday morning — navigating the tough wholesale environment, ridden with unit scarcity and skyrocketing prices.  At the Manheim North Carolina sale, the overall attitude was one of grim determination. Buyers and dealers alike are taking hits right […] [Read More]

General Motors recently doled out its 2011 GM Auction of the Year award, and receiving this year’s honor was ADESA Kansas City. The auction was chosen from 35 GM-sponsored auctions throughout the U.S. based on its “achievement in providing GM and its dealers with outstanding quality, service and value throughout the year.” [Read More]

Instead of A Tale of Two Cities, Ricky Beggs and the Black Book team spotted “a tale of two markets,” when analyzing the current wholesale market, especially when it comes to the trends for average and clean vehicles. In his most recent edition of “Beggs on the Used Car Market,” the Black Book managing editor […] [Read More]

Because international vehicle shipping has become quite popular during the past decade, JMN Logistics expanded its transportation services on Monday to include international shipping. When chief operating officer Cindy Darnell learned the company could make international shipping easier and less complicated for customers, she insisted that it became a top priority to gain partnership with […] [Read More]

In the spirit of Tuesday’s annual Mardi Gras celebrations in New Orleans, Indiana Auto Auction is hosting its inaugural “Fat Thursday” sale this week that will feature cash and prize giveaways, plus a free breakfast to go along with the 700-plus-vehicle consignment on tap. [Read More]

Charlotte Pyle might have a Pennsylvania address now, but she shows her West Virginia pride “through and through.” The current president of the National Auto Auction Association described her upbringing and industry experiences in an Auto Remarketing Special Profile Series. The complete interview with Pyle can be found here. [Read More]

Mecum Auctions is welcoming the spring season for collectors with hopes of filling the Kansas City Convention Center/Bartle Hall in Kansas City, Mo., for a sale scheduled to run March 29–31. With nearly 750 collector vehicles expected to cross the block, the auction is excited for the first of two visits to the City of […] [Read More]

Fimalac S.A., the French parent company of global ratings agency Fitch Group, recently revealed it is selling an additional 10 percent in the ratings agency to Hearst Corp., parent of Black Book. This brings Hearst to a 50 percent equity stake in Fitch.   The transaction is valued at $177 million. Hearst acquired its original interest in Fitch […] [Read More]

NADA Used Car Guide discovered that AuctionNet wholesale prices followed a familiar upward course in January. Although senior analyst Jonathan Banks indicated the 1-percent mileage-and-mix adjusted rate of appreciation was a bit less than what he’s seen in recent years following the transition from December. “This being said, the slowing rate of appreciation was expected […] [Read More]