It might be the dead of winter in many parts of the country, but ADESA’s Tom Kontos peered ahead as to what dealers might be encountering in the auction lanes when spring arrives. In discussing how 2011 unfolded and what might be ahead this year, Kontos believes used-vehicle prices continue to run into an artificial […] [Read More]

Vehicle transportation company MetroGistics on Monday named a new director of logistics operations and director of business development. Gaining the role of director of logistics operations is Jeremy Cope, while receiving the promotion to director of business development is Dustin Ruch. MetroGistics highlighted Cope brings more than nine years of auto transport experience and will […] [Read More]

To go along with his monthly look at the specialty market, Black Book managing editor Ricky Beggs opened 2012 by offering his forecast on how wholesale activity might unfold, as well as by taking a look back at how last year went. The opening line of the current “Beggs on the Used Car Market,” video […] [Read More]

Along with forging two other partnerships with technology providers for compliance and more, Consolidated Asset Recovery Systems officially began its Right to Cure Auction through relationships with Copart and Asset Nation. As CARS discussed previously in leading up to this new offering, the company indicated the Right to Cure Auction is designed to provide an […] [Read More]

In the week leading up to Christmas, folks may have been more concerned about last-minute holiday gift shopping and college football than they were about buying cars, something that analyst Ricky Beggs believes led to a “slower than normal” wholesale market. In fact, given the limited activity in the auction lanes, the number of wholesale […] [Read More]

Recent first-hand attendance gave Black Book a different perspective on what’s going on in the wholesale market and prompted managing editor Ricky Beggs to ask, “Does the dealer parking lot tell the whole story?” Beggs used a portion of his weekly video report, “Beggs on the Used Car Market,” to provide an answer. “This past […] [Read More]

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]