The certified pre-owned segment had its second-strongest month on record during March, but perhaps the biggest story throughout the auto industry was the impact the disaster in Japan had on automakers as their operations, supply and production were among just a few of the areas affected by the devastation. In light of the disaster’s aftermath, […] [Read More]

If you’re a used-car manager scouring the lanes or online channels looking for off-rental units and are having trouble finding any for a reasonable price, evidently you’re not alone. Manheim’s Tom Webb shared during his quarterly conference call that coincided with the latest update on the Manheim Used Vehicle Value Index that despite a March […] [Read More]

The momentum in used-vehicle pricing continued to roll along last week, according to Black Book’s Ricky Beggs, who found that almost three-quarters of the wholesale value adjustments made during the week were positive movements. Moreover, used-truck prices were up for the third straight week, despite gas prices jumping. Meanwhile car prices climbed for the fifth […] [Read More]

In light of the aftermath of the disaster in Japan as well as skyrocketing gas prices, there has been a steeper-than-projected spike in used-vehicle prices on both the retail and wholesale fronts, according to NADAguides. The company suggests these increases will likely stick around for the next three months or longer. “With a tight supply of used […] [Read More]

On Friday, KAR Auction Services announced the purchase of AuctionTrac, a company that specializes in offering satellite-based GPS technology for vehicle tracking. “This acquisition allows us to overcome what has been a long-standing obstacle in the auto remarketing industry, an efficient and reliable method for locating and tracking vehicles,” explained David Vignes, executive vice president of enterprise […] [Read More]

NADA Used Car Guide is seeing the price of smaller, fuel-efficient cars spike as the market reacts to the Japan disaster. And as such, the company said NADA values for April will reflect this increase. And if Japan cannot restore power soon, NADA Used Car Guide is predicting that these higher prices at auction on the […] [Read More]

The first quarter has been a busy one for uShip, which saw a company-record $7.6 million in vehicle and motorcycle shipping transacted on its site. That amount marked an increase of 24 percent over the fourth quarter of last year — which was uShip’s previous high — and 33 percent above 2010’s first quarter. Officials […] [Read More]

In his latest Black Book video, Rick Beggs describes dealers’ amazement in the lanes as they were shaking their heads, continuing to bid again and again to get more inventory. While supply has been slow, one newer factor possibly fueling dealers bids could be the potential lack of  new Japanese models as that country continues […] [Read More]

CLR Auto Transport launched a new division on Tuesday dedicated to commercial fleet transportation, transfer services and vehicle storage. Company officials indicated this new division will be known as Fleet Care Transport and will be headquartered at the CLR Auto Transport office in Merrillville, Ind. Fleet Care Transport intends to provide professional driver transportation and […] [Read More]

Copart recently announced that its UK subsidiary Copart UK Limited has completed the acquisition of privately held Hewitt International. Hewitt International, founded in 1946, is a vehicle salvage business with a strong focus on agricultural vehicle auctions. The purchase of Hewitt International will bring to members of www.copart.co.uk a larger range of agricultural equipment and […] [Read More]