Hertz Global Holdings and Donlen Corp. this morning announced they have signed a definitive agreement for Hertz to acquire Donlen. The transaction has been approved by the boards of directors of both companies and by the stockholders of Donlen. The transaction is expected to be completed in the third quarter of 2011, subject to the […] [Read More]

Though auction prices in Canada dipped again in June, the decline slowed down a bit, and it appears that the economic outlook in the country could be getting better, according to the latest ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index was down […] [Read More]

Although wholesale prices for three of the four vehicle segments OPENLANE tracks slid down in June, the Canadian Market Index still ticked higher. OPENLANE said its June Canadian Index settled at 98, which was 1 percentage point higher than May and 5 percentage points higher than the same month a year ago. The Canadian Index […] [Read More]

ADESA’s Tom Kontos discovered specifics as to just how far average wholesale prices fell in June. As prices slid for the second month in a row, Kontos put them at approximately $340 less than their peak in April and about $375 less than their all-time peak in April of last year. “Some of this moderation […] [Read More]

Wholesale values remained on the rise during June, climbing modestly from May, while also besting year-ago levels by almost 17 percent, according to RVI Group. But with gas prices slowing down, so did the values of smaller vehicles, the company said in the latest RVI Market Update. Overall, wholesale prices climbed 0.4 percent from May […] [Read More]

As Manheim’s Tom Webb explained this week in discussing the impact  that significant inventory reductions have had in the wholesale market, dealers these days no longer simply rely on heading to their local auction on sale day to find used units. Instead, they often have to employ numerous wholesale avenues to acquire used vehicles, including […] [Read More]

OPENLANE’s U.S. Market Index ticked higher in June, extending a string of three consecutive months of wholesale price gains. Analysts placed the June index reading at 109, a level 1 percentage point higher than May and 2 percentage points above the same month last year. Since OPENLANE rolled out this index back in June 2009, […] [Read More]

Now with half of 2011 already passed, Black Book managing editor Ricky Beggs indicated that he and his colleagues are steadily working on projected residual values for the 2012 models that are now appearing in the wholesale market. “You may be thinking as to what does projecting residuals have to do with the current used […] [Read More]

While examining used-car pricing trends in its latest Guidelines report , NADA Used Car Guide spotted something in two of the larger segments that was a bit different from prior months. With fuel costs down, large pickups and SUVs were a bit stronger than they were in May. [Read More]

Cash for Clunkers may have come and gone, but a new website that has recently launched aims to tackle a similar issue: getting rid of “unwanted” vehicles that are too old to be desirable, have repair costs that are more than the purchase price or are undesirable because of extremely high mileage. For those who […] [Read More]