Following a record-breaking week of wholesale value adjustments, the third week of 2012 was significantly milder and auctions actually experienced a "little lull” in activity, according to Black Book managing editor Ricky Beggs. [Read More]

Two more organizations joined the International Automotive Remarketers Alliance Monday. IARA executive director Matt Marks indicated the two new members are Ready Auto Transport and Harley Davidson Financial Services. “The IARA is pleased to welcome Harley Davidson Financial Services and Ready Auto Transport and looks forward to their participation,” Marks stated. Marks added, “HDFSI is […] [Read More]

Up and running for about a week, and Tim Zierden said ADESA/OPENLANE management is seeing hundreds of dealers leverage the new single sign-on function for ADESA.com, uniting the companies. While the senior vice president of dealer sales and services for ADESA/OPENLANE said the single sign-on tends to be more for buyers looking for inventory, he […] [Read More]

In what is designed to help wholesale buyers and sellers in both the U.S. and Canada, ADESA revealed this morning that visitors to its website can check out the wholesale vehicles on both OPENLANE.com and ADESA.com without ever leaving the site. In other words, this offers ADESA customers a seamless way to tap into OPENLANE’s […] [Read More]

Insurance Auto Auctions announced Ronald McDonald House Charities is the newest benefactor charity to join its national vehicle donation campaign, One Car One Difference. The program now will fund RMHC chapters located in five states, including Florida, Kentucky, North Dakota, Ohio and West Virginia. Officials believe Wednesday’s announcement marks the first of many local and […] [Read More]

The new year already has generated a new record for Black Book’s editors as last week they established a new mark for the most daily adjustments. Black Book’s staff made a daily average of 3,280 adjustments last week, almost 400 more per day than the previous high set during the week ending Aug. 12. Thanks […] [Read More]

Amid a modest uptick in used-vehicle prices from the previous month, December’s wholesale increases were led by gains in the larger vehicle categories, as these segments were ahead of the market curve in the year’s final month thanks largely to more moderate gas prices, according to the RVI Group. More specifically, the RVI Used Car […] [Read More]

Used-car managers in search of models to fill certified pre-owned inventory might have a another challenging year finding units if NADA Used Car Guide’s 2012 projections come true. NADA UCG began its latest commentary about the used-vehicle market by estimating just how much supply softened a year ago. Analysts surmised that total used supply in […] [Read More]

As the company shared developments regarding enhanced digital training for auction employees, Manheim’s Tom Webb needed only one word to describe past and projected movement of dealer consignment. During his first conference call of the new year on Tuesday, Webb indicated dealer consignment was “up in 2010, up in 2011 and will be up in […] [Read More]

In a week that showed steady sales across the assorted auction channels, the wholesale market saw a relatively light amount of value adjustments and the proportion of those changes that were increases was the strongest the market has seen in more than six months, according to Black Book managing editor Beggs. There were 1,520 wholesale […] [Read More]