Though he contends the primary cause of wholesale values dipping sequentially in August was the economic worries of consumers, RVI Group vice president Rene Abdalah said that after the recent run-up in used prices, “an adjustment was due.” The latest RVI Market Update indicates that wholesale values during August dipped 0.7 percent from July but […] [Read More]

The wholesale value decline for both trucks and cars accelerated last week, according to Black Book managing editor Ricky Beggs, who spotted the steepest drop-off for truck values in almost a year. What’s more, last week marked the sixth straight time that all 10 car segments declined in price, he noted in the latest “Beggs […] [Read More]

Manheim has received workplace honors from AARP yet again, as the organization named the auction company to its list of “Best Employees for Workers over 50” for the third time. Manheim came in at No. 27 on AARP’s list and also made the rankings in 2008 and 2009. There were no such awards last year. […] [Read More]

Wholesale values were up on a month-over-month basis across all segments in Canada during August, as overall auction prices climbed 2 percentage points sequentially while also showing a double-digit year-over-year increase, according to OPENLANE. More specifically, the company’s Canadian Market Index came in at 107 in August, up from 105 in July and 97 in […] [Read More]

The Manheim Used Vehicle Value Index ticked down again in August, but chief economist Tom Webb reacted to the reading with a cautious tone when discussing it with Auto Remarketing Thursday. “It’s not like a movement down like in the fourth quarter of 2008 when you were starting from a low base and went lower,” […] [Read More]

Wholesale prices gained some ground in August, climbing on both a year-over-year and sequential basis, according to OPENLANE, which also noticed month-over-month increases in dealer interest for three out of four segments. More specifically, the company’s U.S. Market Index came in at 107 for August, up from 105 in July and 103 in August 2010. […] [Read More]

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]