Used-vehicle prices continue to decline at a moderate pace, but some segment prices are dropping faster than others, while others are bucking trends right and left. According to Black Book’s Ricky Beggs, one of these outliers is the group of pickup truck segments. As gas prices remain high, Black Book data shows all three pickup […] [Read More]

Manheim has named a general sales manager for its Northeast market and also appointed a general manager at Manheim Dallas-Fort Worth. Named to Northeast market GSM post is Bill Harbourne, while Nicole Graham-Ponce is taking on the GM role at Manheim Dallas-Fort Worth. Sharing a bit more on their backgrounds, Manheim began with Graham-Ponce. They […] [Read More]

A recent sale at Charleston Auto Auction offered more than vehicles; there were prize “mysteries” solved, too. Charleston Auto Auction hosted its latest promotion, the Mega Mystery Sale, on Oct. 19, reporting more than 1,300 vehicles and 650 dealers in attendance. But the sale also featured 24 wrapped boxes each containing the name of a […] [Read More]

Though wholesale prices, overall, are still seeing declines, the drops may be slowing down, according to  the latest “Beggs on the Used Car Market” report. Guest presenter Tim West — the vice president and North American auction director at Black Book — explained, “As we take a look at the various segments of vehicles, the […] [Read More]

When you want to know what’s happening in the retail used-vehicle industry, it’s best to go directly to the dealer on the lot, and that’s exactly what a key session at the National Remarketing Conference will offer. [Read More]

ServNet is set to hold its biannual Meet the Owners event next month in Southern California, where it will elect a new member of the board of directors, meet with remarketing executives and more. The group also noted that technology continues to be a major focus on these events. [Read More]

In the latest video report on wholesale activity, John Brasher of Brasher's Sacramento Auto Auction noted that prices appear to be softening, thanks to a market correction that was “probably needed.” He also talked about the sale early last week in his neck of the woods at Brasher’s Sacramento. “There were close to 1,900 units […] [Read More]

Summer was just starting the last time Kelley Blue Book saw used-vehicle values dip as little as they did in September. Alec Gutierrez, KBB’s senior market analyst of automotive insights, said used values declined 1 percent in September, resulting in the mildest decline in more than three months. Kelley Blue Book expects values to continue […] [Read More]

Prices in the Canadian wholesale market were sluggish last month, with monthly used-car value indices from both ADESA Canada and RVI Group declining. Starting with the ADESA Canada Used Vehicle Price Index report's data — powered by ALG — officials found that the index fell “substantially” on a month-over-month basis when seasonally adjusted, noting that […] [Read More]

When looking at the September’s wholesale pricing trends included in the latest RVI Market Update, one of the highlights of the month was the full-size SUV class. According to the report released Tuesday afternoon by RVI Analytical Services, full-size SUVs led all year-over-year increases during September, as their prices went up 9.7 percent. The segment […] [Read More]