In evaluating pricing trends in the wholesale marketplace over the past week, Black Book’s Ricky Beggs spotted a first for 2011: The values in each of the 10 car segments that Black Book monitors climbed last week. “The activity at many auctions could easily be described as amazingly strong,” said Beggs, Black Book’s managing editor. […] [Read More]

OPENLANE recently highlighted that the quarter-over-quarter growth of its online remarketing services for recovery agencies grew by more than 200 percent during the first year of operation.  Officials discovered the growth rate during the last two quarters of 2010 was 230 percent. It surged even higher since the beginning of this year to 360 percent. […] [Read More]

When looking at February’s wholesale price movements, ADESA’s Tom Kontos urges a bit of caution. While on the surface it’s clear that there was both a sequential and a year-over-year decrease in prices, these modest declines are a bit deceiving, he argued. Kontos explained that the dealer consignment climbed absolutely and proportionately, and this trend […] [Read More]

Dealers looking for inventory — especially Ford models — from the Avis Budget Group now can secure units thanks to a revamped partnership with OPENLANE. Lot management now can scour Avis Budget Group vehicles based on make, model or vehicle identification number directly from Avis and Budget locations with full condition reports provided by Alliance […] [Read More]

With so much recent analysis focused on how gas prices are swaying shopper behavior, NADA Used Car Guide took a look at the issue from the inventory manager perspective. Maybe not to the degree of 2008, but executive automotive analyst Jonathan Banks surmises the 35-cent climb at the pump during the first two weeks of […] [Read More]

On Tuesday, Manheim tapped a replacement as the group vice president of Total Resource Auctions to replace Jamie Porter, the former president who retired last year. Stepping into the role effective immediately is company veteran Bill Tiedemann. In connection with the announcement, Manheim cited its 2011 Used Car Market Report, highlighting the supply of vehicles […] [Read More]

On Tuesday, Manheim tapped a replacement as the group vice president of Total Resource Auctions to replace Jamie Porter, the former president who retired last year. Stepping into the role effective immediately is company veteran Bill Tiedemann. In connection with the announcement, Manheim cited its 2011 Used Car Market Report, highlighting the supply of vehicles […] [Read More]

Black Book vice president and managing editor Ricky Beggs found supporting evidence about the wholesale market sentiment he discovered during last week’s National Auto Auction Association/CAR event. The industry veteran detailed in his weekly “Beggs on the Used Car Market” video report that Black Book’s market summary and the results from editors’ analysis back up […] [Read More]

LeasePlan USA honored eight different auctions with Consignor Recognition Awards during the recent National Auto Auction Association/CAR event. Receiving the accolade as the Top Sales Achievement Award winner was Manheim Georgia. LeasePlan explained the Top Sales Achievement Award is given to the auction with exceptional performance in gross sales retention of LeasePlan vehicles. Five auctions […] [Read More]

Although they climbed on a year-over-year basis in February, Canadian wholesale prices dropped 2 percentage points compared to the prior month, according to OPENLANE, which said that three of the four segments it tracks showed sequential declines. Specifically, OPENLANE’s Canadian Market Index was at 113 in February, down from 115 in January. “Canadian prices decreased […] [Read More]