Black Booktook a closer look at used-vehicle value impact stemming from Hyundai and Kia admitting last week they overstated the fuel economy of models sold during the last two years. While there has been talk of broader ramifications to the brands, Black Book believes this acknowledgement will have little impact on future retention values. Black […] [Read More]

The October ADESA Canada Used Vehicle Price Index ticked higher after being adjusted for seasonality, reversing the majority of September’s decline. ADESA’s data — powered by ALG Canada — indicated wholesale prices rose on average by about 1.0 percent month-over-month. While the overall reading inched higher, ADESA found price movements by segment were mostly lower […] [Read More]

When asked by the moderator what she thought had changed the most in the wholesale world since she began leading Ford’s remarketing business, Linda Silverstein pointed to the Internet. In fact, she admitted that a decade or so ago, she wasn’t so sure this online auction environment would maintain traction. [Read More]

Along with offering its take on what Hurricane Sandy did to a typical wholesale price slowdown during the fourth quarter, Kelley Blue Book put out its projections for where prices might go during the first quarter of next year. KBB senior market analyst Alec Gutierrez — one of the many experts on hand at Used […] [Read More]

In response to expansive damage from Hurricane Sandy in the Northeast, QCSA Holdings has opened two new full service salvage facilities in New Jersey. The facilities are located in both the northern and southern regions of the state. [Read More]

SmartAuction, Ally Financial’s online used vehicle auction, announced an agreement today with vAuto’s Auction Genius, a Web-based auction software solution for dealers. The agreement provides registered SmartAuction dealers with a window to SmartAuction’s vehicle listings in the Auction Genius dashboard. Featuring a simple combined screen view, dealers using Auction Genius can quickly evaluate more vehicles […] [Read More]

Snow filled the Washington sky on that November morning, but it didn’t keep DAA Northwest from holding its first-ever sale. The auction didn’t end up selling much that day (less than a dozen, DAA says), but perhaps the real triumph was that the DAA Northwest team managed to dig the vehicles out of snow banks, […] [Read More]

General Motors Financial on Tuesday announced alliances with both OPENLANE and DataScan Field Services to support a new online remarketing program for off-lease vehicles. The GM Financial DealerSource program is designed to be used by GM dealers when leased vehicles financed by GM Financial begin to come off of a lease. GM Financial launched its […] [Read More]

Auction Edge said on Tuesday that it tapped the former director of auction systems at Manheim to be its general manager of auction systems Taking on the role within the division that includes the ASI business line based in North Carolina is Watson McClam. “Watson brings decades of highly relevant experience to Auction Edge,” said […] [Read More]

Auto Data Direct decided on Tuesday to donate a portion of the National Motor Vehicle Title Information System (NMVTIS) reporting fees for vehicles damaged by Hurricane Sandy. ADD is sending funds to the Brother’s Brother Foundation (BBF) relief effort. The company reiterated federal law requires insurance companies and auto salvage entities to report total loss […] [Read More]