Dealers utilizing the services of vAuto now have another way to take care of their used-vehicle sourcing needs. Thanks to a partnership with Auction Pipeline, vAuto customers can now turn to the online platform as a source for finding used units. Dealers will be able to use vAuto’s stocking module to look at run lists […] [Read More]

While referencing expenses related to a merger that never materialized, Dollar Thrifty Automotive Group saw many of its third-quarter financial measures improve year-over-year, including a record quarterly net income total. DTAG revealed Tuesday that its third-quarter net income came in at $66.6 million or $2.13 per diluted share. A year earlier, it was $49.2 million […] [Read More]

Along with offering his monthly look at the specialty markets, Black Book’s Ricky Beggs indicated last week was a busy one for the editors because of how many vehicles they adjusted per day. While not quite reaching the near-record figure of 2,625 per day for the week ending Sept. 16, Black Book averaged 2,078 vehicles […] [Read More]

Seen as the best time to test new business procedures with wholesale market conditions being what they are nowadays, Mercedes-Benz Financial Services is converting two of its live auction sites to exclusively online auctions. While explaining the decision to Auto Remarketing, MBFS indicated it will start with exclusive online High Line auctions in Milwaukee at […] [Read More]

NADA Used Car Guide didn’t expect the sagging wholesale prices for compact cars dealers experienced during the first two weeks of October. Executive automotive analyst Jonathan Banks admitted this week that stretch has been “incredibly bad” for small cars prices. “We’ve already seen between a 3- and 6-percent decline depending on the model year,” Banks […] [Read More]

Helping buy-here, pay-here dealers find enough inventory at the right price is just part of the finalized agenda at the upcoming East Coast National Alliance of Buy-Here, Pay-Here Dealers Conference. A panel of experts from ADESA, Ally Remarketing and Manheim will be part of the event that runs Nov. 6 – 8 in Atlanta. That […] [Read More]

Although used-vehicle values still decreased on a week-over-week basis, wholesale pricing moved in a positive direction last week, according to Black Book’s Ricky Beggs. The executive said the overall change in prices was the most moderate decline the market has seen in more than four months. More specifically, the overall change in wholesale values last […] [Read More]

Although the overall supply of used units is still restricted — largely due to sluggish new-car sales from the recessionary years — it seems that a flood of end-of-term fleet vehicles has led to some alleviation in wholesale pricing lately, according to ADESA’s Tom Kontos. In fact, the average wholesale price in September was $9,750, […] [Read More]

Manheim Specialty Auctions and Total Resource Auctions revealed Monday that they have renewed their exclusive deal as remarketers for Coca-Cola. They are also holding a special Super Sale today where 200 heavy truck and equipment units from the beverage company will be up for bidding. Although the sale will be hosted by Manheim Georgia, the […] [Read More]

There was modest downward movement in Canadian wholesale prices during September, according to the latest ADESA Canada Used Vehicle Price Index report, which highlighted a mixed bag of economic activity in Canada during the month. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index dipped 0.1 percentage points month-over-month in September. […] [Read More]