Reflecting on a week where overall wholesale values continued to climb, Black Book’s Ricky Beggs found that late-model used units, in particular, are seeing escalating demand in the auction lanes. The cause? As one might guess, Beggs pointed to the dynamics stemming from a feared production shortage in Japan as the island nation still battles […] [Read More]

eFleet Direct announced Friday that it has spread its footprint into the Denver market by opening a staging and processing facility in suburban Commerce City, Colo. Officials pointed out that the region’s current market conditions suggest that “demand for quality pre-owned vehicles is at an all-time high.” And since eFleet Direct has opened up a […] [Read More]

Canadian dealers ramped up vehicle sourcing for the spring selling season during March, according to ADESA Canada president and chief operating officer Stéphane St-Hilaire this week. He said this is one of the elements that helped push auction prices to more than a 2-percent sequential gain during the month, St-Hilaire sat down with Auto Remarketing Canada on Wednesday at […] [Read More]

Never before has Black Book made this many adjustments in a single week. And the majority of these adjustments were for prices needing to be higher. Black Book managing editor Ricky Beggs indicated that he and his colleagues made more than 22,000 price adjustments last week as the demand for clean vehicles brought in more […] [Read More]

In addition to pointing out the most-recent reasons for climbing wholesale prices — escalating fuel costs and problems stemming from the disasters in Japan — ADESA’s Tom Kontos tried to frame the current market situation in reference to a climate veteran dealers might remember. Kontos turned back to how dealers reacted during the late 1990s […] [Read More]

Along with sharing some company performance metrics from the first quarter, OPENLANE pinpointed how much its March Market Index dropped. OPENLANE determined the U.S. Market Index settled at 106, down 3 percentage points from the previous month and 2 percentage points from the same month in 2010. Prompting that overall decline were three of the […] [Read More]

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]