To go along with his monthly look at the specialty market, Black Book managing editor Ricky Beggs opened 2012 by offering his forecast on how wholesale activity might unfold, as well as by taking a look back at how last year went. The opening line of the current “Beggs on the Used Car Market,” video […] [Read More]

Along with forging two other partnerships with technology providers for compliance and more, Consolidated Asset Recovery Systems officially began its Right to Cure Auction through relationships with Copart and Asset Nation. As CARS discussed previously in leading up to this new offering, the company indicated the Right to Cure Auction is designed to provide an […] [Read More]

In the week leading up to Christmas, folks may have been more concerned about last-minute holiday gift shopping and college football than they were about buying cars, something that analyst Ricky Beggs believes led to a “slower than normal” wholesale market. In fact, given the limited activity in the auction lanes, the number of wholesale […] [Read More]

Recent first-hand attendance gave Black Book a different perspective on what’s going on in the wholesale market and prompted managing editor Ricky Beggs to ask, “Does the dealer parking lot tell the whole story?” Beggs used a portion of his weekly video report, “Beggs on the Used Car Market,” to provide an answer. “This past […] [Read More]

Wholesale prices dipped across the board during November, as values were off by more than 5 percent month-over-month on average and all segments fell from their October levels, according to the latest analysis of the ADESA Canada Used Vehicle Price Index. Specifically, ADESA’s data — powered by ALG Canada — indicates that the November index […] [Read More]

November marked another month in a modest and largely seasonal downturn, as wholesale prices fell marginally from October and moved ahead from year-ago levels, according to ADESA’s Tom Kontos. Specifically, the average wholesale value in November was $9,869, a 0.1-percent sequential decrease and a 0.5-percent year-over-year lift. [Read More]

The top bosses at Hertz and Donlen are teaming up to deliver the opening keynote address at 2012 Car Rental Show.  Hertz chairman and chief executive officer Mark Frissora and Donlen CEO Gary Rappeport plan to use their joint address to discuss the imminent convergence of rental with other vehicle solutions ranging from car sharing, […] [Read More]

Dealers who use Autoshopper.com now can leverage the site’s new partnership with OVE.com to list and wholesale their aged inventory. The site highlighted that participating dealers can push these units from their desktop or any mobile device without having to get a transporter to haul vehicles to or from an auction site. Dealers using Autoshopper.com’s […] [Read More]

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]

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]