Canada’s wholesale prices increased on a both a year-over-year and sequential basis during January, according to the latest ADESA Canada Used Vehicle Price Index report, which indicated that sale units going through auctions for January climbed from the prior month and showed a year-over-year decline. Specifically, ADESA’s data — powered by ALG Canada — indicated […] [Read More]

Executives from some of Canada’s leading remarketing companies will be on hand at the 2011 Auto Remarketing Canada conference to provide their thoughts about sourcing vehicles in the wholesale market. [Read More]

In examining used-vehicle valuation movements from the first month of 2011, Black Book’s Ricky Beggs spotted a somewhat surprising trend given the current run-up in fuel costs. Black Book found that all four of the three-year-old vehicle segments that showed month-over-month value gains — albeit, all increasing less than 1 percent — were truck segments. [Read More]

In a month where wholesale values climbed double-digits year-over-year and rather modestly on a month-over-month basis, RVI Group found that there was particular strength in fuel-efficient segments during January, which may come as no surprise with the dramatic gas-price spikes. Interestingly enough, though, pickups were also quite robust, RVI indicated. Specifically, there was a 0.8-percent […] [Read More]

Another national charitable organization has come on as a benefactor and partner in the One Car One Difference program, a campaign launched this past December by Insurance Auto Auctions. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; […] [Read More]

Both Jonathan Banks, of NADA Used Car Guide, and Paul Taylor, the National Automobile Dealers Association’s economist, teamed up to give a special presentation on market trends this past weekend at the NADA convention.   Interestingly, Taylor pointed out that the lack of used cars is a source of strength for new car sales. He explained, "More households […] [Read More]

Automotive Resources International promoted remarketing veteran Bob Graham this week.   The provider of complex car and truck fleet services moved Graham up into the role of vice president of vehicle remarketing.   Having most recently served as director of vehicle remarketing, the company pointed out Graham has played a significant role in growing ARI’s […] [Read More]

January wholesale prices were softer on a sequential basis, but improved from the year-ago period, according to the latest OPENLANE Market Index report, which pointed to year-over-year gains in two of four segments included in the analysis. Specifically, OPENLANE indicated that January auction prices were 5 percentage points softer than where they were in December. […] [Read More]

Avis Budget Group and OPENLANE recently announced an agreement to begin offering Avis Budget Group vehicles for sale on the auction platform’s Canadian site.   Avis Budget first joined forces with OPENLANE in 2007, and since that time, the company has sold thousands of rental vehicles to dealers in the United States using the OPENLANE […] [Read More]

In what Black Book’s Ricky Beggs called a stable week for the used-car market, the proportion of changes made to wholesale values last week that were positive was substantially higher than the previous week. “Last week (during the report), I mentioned the very limited 29 percent of the adjustments being increases to the vehicle values […] [Read More]