Wholesale prices dipped across the board during November, as values were off by more than 5 percent month-over-month on average and all segments fell from their October levels, according to the latest analysis of the ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicates that the November index […] [Read More]

November marked another month in a modest and largely seasonal downturn, as wholesale prices fell marginally from October and moved ahead from year-ago levels, according to ADESA’s Tom Kontos. Specifically, the average wholesale value in November was $9,869, a 0.1-percent sequential decrease and a 0.5-percent year-over-year lift. [Read More]

The top bosses at Hertz and Donlen are teaming up to deliver the opening keynote address at 2012 Car Rental Show.  Hertz chairman and chief executive officer Mark Frissora and Donlen CEO Gary Rappeport plan to use their joint address to discuss the imminent convergence of rental with other vehicle solutions ranging from car sharing, […] [Read More]

Dealers who use Autoshopper.com now can leverage the site’s new partnership with OVE.com to list and wholesale their aged inventory. The site highlighted that participating dealers can push these units from their desktop or any mobile device without having to get a transporter to haul vehicles to or from an auction site. Dealers using Autoshopper.com’s […] [Read More]

ADESA revealed Monday afternoon that it has rolled out a revamped ADESA Market Guide that now includes data on vehicle sales from all independent auctions participating in AuctionPipeline, meaning the guide’s wholesale value calculations will be based on a “considerably larger” sample size. ADESA contends that having more local and national wholesale transaction data in […] [Read More]

The holiday season isn’t always joyful for Black Book when it tries to project how activity in the lanes might unfold during December. Nevertheless, Ricky Beggs tried to ascertain what’s trending at auctions during his latest edition of “Beggs on the Used Car Market.” Beggs noted in his video that "with all the variances in […] [Read More]

Dealers hoping wholesale prices would continue to soften as this year came to a close might be disappointed with the latest Manheim Used Vehicle Value Index. After five consecutive monthly declines from its peak reading in May, November’s index reading rose 0.8 percent to 123.8. However, Manheim pointed out Wednesday that wholesale used-vehicle prices (on […] [Read More]

Along with his monthly take on the specialty market, Black Book’s Ricky Beggs wondered what last week’s average daily adjustment level meant since it was the highest amount in 13 weeks. Black Book’s editors adjusted 2,437 vehicles daily a week ago, prompting Beggs to ask a question during his weekly online video series, “Beggs on […] [Read More]

Since last week included Thanksgiving, Black Book found the lanes to be quieter than usual as dealers feasted before hitting the showroom to welcome shoppers. For dealers who still scoured auctions for inventory a week ago, Ricky Beggs indicated he wasn’t surprised by what comments came back to Black Book headquarters. [Read More]

Black Book’s Ricky Beggs knows dealers are focused on two things this week: Thanksgiving dinner and selling cars. So with slow activity in the lanes expected, the managing editor offered a glimpse into what the situation might be like after all of the turkey and dressing are gone. “With this being a holiday week, there […] [Read More]