Thanksgiving dinner might be on the table at about the same time OPENLANE expects significant wholesale price declines. As the May OPENLANE Market Index hit 110 — the fourth time it’s been at this level or higher in the past two years — predictions about it receding anytime soon didn’t come from Nagi Palle, OPENLANE’s […] [Read More]

In today’s wholesale market, buyers are extremely hungry for quality used vehicles, which are seeing prices rise as the supply dearth remains. Wholesale values have hit record highs recently and buyers are paying top-dollar for these hard-to-find quality used units, of which there never seems to be enough. So how can consignors in today’s auction […] [Read More]

Another dealer-connected development coming out of a busy week in the lanes is making Black Book’s Ricky Beggs want to get to auctions even more than usual. The Black Book managing editor described in his weekly “Beggs on the Used Car Market” video report about the climbing number of “no sales” percolating at auctions nowadays. […] [Read More]

Thanks to wholesale prices for highly sought-after, slim-profit margin compact cars moving higher, the Manheim Used Vehicle Value Index just keeps climbing. Yet again, the May reading set a new index record as the level soared to 127.8, representing a 5.6-percent increase from the year-ago level. Manheim pointed out the index now has reached a […] [Read More]

Specializing in collector cars, Barrett-Jackson announced this week that its 2nd annual Orange Country Auction is scheduled for June 24–26 and is set to be even bigger this year. The three-day automotive lifestyle event will return for a second year to the OC Fair & Event Center in Costa Mesa, Calif. To accommodate the Scottsdale, […] [Read More]

Continuing a trend within the auction industry to boost charity work, Advanced Remarketing Services enhanced its vehicle donation program with a new partner. On Tuesday, the company reinforced its commitment to supporting the humanitarian relief effort for children by partnering with the U.S. Fund for UNICEF. Advanced Remarketing Services explained the U.S. Fund for UNICEF […] [Read More]

In light of the ever-moving dynamics in the economy, ALG has found that shifts in fuel cost and used-vehicle supply forecasts have led to residual value projections sliding over the past couple of months, the company said in its July/August edition released late last week. More specifically, ALG indicated that residuals value projections have dropped […] [Read More]

Late last week, Donlen tapped a veteran executive to be its new director of strategic consulting and sustainability. Taking on the role is Amy Blaine, who brings to Donlen 20 years of experience building and managing complex consulting projects. Most recently, Blaine oversaw projects for ComEd where she redesigned the greenhouse gas reporting process to […] [Read More]

General Motors appointed a new director of national accounts for fleet and commercial operations to replace Bill Gibson, who announced his retirement last month. Assuming the role as of  Wednesday was Jeff Haag, who most recently was the fleet account executive in GM’s North Central Region, having been responsible for Minnesota, Iowa and the Dakotas. […] [Read More]

An investment analyst asked Copart chief executive officer Jay Adair Thursday whether the company’s vast amount of ongoing technology and infrastructure changes should be viewed as ways to improve efficiencies or secure market-share gains. Adair didn’t hesitate to say the reason was to boost both. In a conference call to discuss the company’s third-quarter performance […] [Read More]