There has only been one week in the past year where Black Book has made more wholesale value adjustments per day than it did last week, managing editor Ricky Beggs said in his latest report released Monday. Specifically, there were close to 2,100 changes in wholesale pricing made each day last week, according to the […] [Read More]

Auto Remarketing learned Friday that BB&T Corp. has named a 2010 Auction of the Year. Taking these top honors is Manheim Tennessee Auto Auction. Manheim Tennessee was recognized for providing top sales results, sales percentage and expenses relative to liquidation for both BB&T and its affiliate, Regional Acceptance. Customer service, facility management and operational effectiveness […] [Read More]

For Geoff Helby, the love for cars is deep. Saying he always needs to be around cars and calling them his “passion,” the former director for J.D. Power and Associates’ Power Information Network in Canada now has another opportunity to explore the business for which he has so much excitement. Earlier this month, Helby stepped […] [Read More]

April marked another increase in the Canadian dollar’s value versus the U.S. dollar, which led to wholesale prices in Canada falling close to 2 percent on a month-over-month basis, according to RVI Group. Despite climbing 12.5 percent year-over-year, Canadian wholesale prices dropped 1.8 percent sequentially. [Read More]

IronPlanet Motors announced Thursday that the company plans to host a May 18 online auction featuring free inspection reports for each vehicle offered. The online auction marketplace for used- and powersports vehicles plans to sell more than a hundred  items in the upcoming event. The unreserved auction will include units such as cars, golf carts, […] [Read More]

Fueled in part by the growing amount of vehicle remarketing done on the Web, Alliance Inspection Management recently passed a historic milestone — exceeding 35 million inspections. The company that provides detailed vehicle condition reports for manufacturers, dealers, captive finance companies, auctions, transportation companies and consumers, highlighted the 35 million inspections were conducted during the past […] [Read More]

Concurring with other wholesale market assessments, ADESA Analytical Services discovered April’s wholesale used-vehicle prices averaged $10,551 — a reading flat with March and only 0.6 percent lower than last April’s record level. As dealers have readily seen, ADESA also noticed prices were strongest for compact cars (up 7.2 percent month-over-month and 14.4 percent year-over-year) and […] [Read More]

The sequential gains in the wholesale market rolled on during April, according to the latest analysis from RVI Group. Specifically, analysts spotted a 2.4-percent month-over-month gain (seasonally adjusted) and a 16.1-percent year-over-year hike in the month’s wholesale prices. In light of fuel-cost hikes — national gas prices are now close to $4 a gallon — […] [Read More]

The International Automotive Remarketers Alliance announced Tuesday that Mike Albert Fleet Solutions has become a member. Cincinnati-based Mike Albert Fleet Solutions manages fleets in the U.S., Canada and Puerto Rico, as well as providing fleet optimization solutions for dealers, including strategies to build brand awareness and increase productivity. [Read More]

Describing his findings in Black Book’s latest look at the wholesale marketplace, managing editor Ricky Beggs shared how a pair of distinct dealer sentiments are showing up in the lanes nowadays. Included in his weekly video report, “Beggs on the Used Car Market,” the Black Book veteran  indicated the majority of the comments from dealers […] [Read More]