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Wholesale
ADESA Bolsters Market Guide with AuctionPipeline Data
Tuesday, Dec. 13, 2011, 06:59 AM
Auto Remarketing Staff
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]
Beggs Takes Stab at Gauging Difficult December Conditions
Tuesday, Dec. 13, 2011, 06:56 AM
Auto Remarketing Staff
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]
Manheim’s November Index Rises After Five Months of Declines
Thursday, Dec. 8, 2011, 07:00 AM
Auto Remarketing Staff
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]
Beggs Explains What Last Week’s High Number of Price Adjustments Mean
Tuesday, Dec. 6, 2011, 06:57 AM
Auto Remarketing Staff
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]
Beggs: Truck Values Strong During Typical Holiday Wholesale Activity
Tuesday, Nov. 29, 2011, 06:59 AM
Auto Remarketing Staff
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 Predicts Busy After-Holiday Week as Dealers Look to Fill Holes
Tuesday, Nov. 22, 2011, 06:58 AM
Auto Remarketing Staff
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]
Manheim Names COO
Monday, Nov. 21, 2011, 03:20 PM
Auto Remarketing Staff
Manheim revealed its executive vice president and chief operating officer last week, and stepping into the role early next month is Janet Barnard, who has been with Cox for more two decades. Barnard’s most recent post was as senior vice president and general manger of the Cox Communications central region. In her new position with […] [Read More]
ADESA Canada: Moderate Movement in Wholesale Prices
Friday, Nov. 18, 2011, 04:55 PM
Auto Remarketing Staff
In the latest reading of the ADESA Canada Used Vehicle Price Index, wholesale value conditions in Canada appeared to be fairly static during October. Specifically, ADESA’s data — powered by ALG Canada — indicates that October’s index showed a 0.1-percentage-point hike on a seasonally adjusted month-over-month basis. Officials noted that on average, wholesale prices were […] [Read More]
RVI: Soft Canadian Dollar, Low Fuel Costs Spark High Wholesale Prices
Friday, Nov. 18, 2011, 04:20 PM
Auto Remarketing Editor Joe Overby
Pushed by the Canadian dollar hitting its weakest level against the U.S. dollar in more than a year and gas prices reaching a seven-month low, wholesale values in Canada moved upward in October on both a year-over-year and month-over-month basis, according to the RVI Group. The RVI Used Car Price Index for Canada last month […] [Read More]
Though Volumes Are Low, the Industry Is Embracing Change and Looking to Future with Excitement
Friday, Nov. 18, 2011, 02:58 PM
Auto Group Editor Jennifer Reed
Though the low auction volumes and economic backdrop certainly played a big role in the discussions at the National Remarketing Conference, the larger picture taking shape at this year’s event is an industry that is stronger, more nimble and tackling the challenges with enthusiasm and creativity. [Read More]