With Labor Day passing this past Monday, Black Book’s Ricky Beggs opted to take wider look at the wholesale market. Instead of examining just last week. Beggs reviewed activity from Aug. 1 through Sept. 1. “The used market is continuing to adjust. This is especially true for the one- and two-year old used models, making […] [Read More]

The National Vehicle Leasing Association established the date and location for its next annual conference. The event will be held from May 16-18, 2012 at the Renaissance Worthington Hotel in Fort Worth, Texas. NVLA explained the conference brings together the vehicle leasing industry for education, networking and an opportunity to meet with exhibitors who have […] [Read More]

SmartAuction, Ally Financial’s online vehicle auction website, formed an agreement with CentralDispatch Tuesday. The deal is meant to allow SmartAuction users to upload daily auction transaction activity to their CentralDispatch accounts. Officials believe the enhancement can simplify the vehicle transport process by allowing SmartAuction users who subscribe to the CentralDispatch service to automatically populate a […] [Read More]

On Tuesday, Copart rolled out its fifth facility in Georgia, announcing the opening of its new South Atlanta facility in Ellenwood, Ga. Officials highlighted this latest addition not only marks the company’s fifth facility in Georgia, but also Copart’s 154th facility worldwide. Copart president Vincent Mitz stressed the 77-acre site will improve Copart’s service in […] [Read More]

Black Book’s Ricky Beggs spotted common themes when reviewing report summaries from personnel who attended auctions throughout the country last week. He indicated several dealers called the new-vehicle market “slow” and a “tough sell.” And a little more vital to the used-car department, Beggs shared that some dealers are saying “used buyers were a little […] [Read More]

Used-car prices in Canada jumped more than 2 percent sequentially during July as all but one volume segment moved ahead month-over-month, according to the latest RVI Market Update. Moreover, Canadian wholesale prices held steady at the same year-over-year increase seen the previous month, RVI indicated. Specifically, the RVI Used Car Price Index for Canada came in […] [Read More]

After two consecutive weeks of wholesale value declines in all 24 segments it tracks, Black Book spotted the first segment increase since the week ending Aug. 5. The lone segment whose wholesale value went up last week was the full-size crossover category (up $21), according to the latest "Beggs on the Used Car Market" video […] [Read More]

A subsidiary of Renovo Services recently completed the successful remarketing of a vehicle online from a secured storage lot. Kevin Flynn, chairman and chief executive officer of Renovo Services, praised the process established with ReposDirect.com. Flynn emphasized ReposDirect.com has initially partnered with two vendors in the online space and is committed to being platform agnostic.  […] [Read More]

Wholesale values in Canada dropped more than 2 percent in July as the market saw declines in the prices of almost every segment, according to the latest ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index was off slightly (0.12 percentage points) month-over-month. Canada experienced […] [Read More]

Although John Isgett acknowledged that his immediate reaction to ADESA agreeing to buy OPENLANE was one of “hesitation” because of potential wholesale price hikes, the South Carolina dealer said he believes the transaction can be beneficial to dealers. [Read More]