Before delving into various segments of the specialty units, Black Book managing editor Ricky Beggs described what he called a “slightly delayed spring market.” Black Book found that 55 percent of its adjustments this past week were increases as its analysts made a little more than 2,040 adjustments each day. “Activity was great, and as […] [Read More]

The Manheim Used Vehicle Value Index made its first downward movement in five months while posting the greatest month-over-month decline since last July. Manheim determined that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped 1 percent in February after rising in each of the previous five months. The company said that […] [Read More]

After taking the helm at Manheim in 2000, just after the company’s merger with ADT, Dean Eisner has spent a decade heading up the auction giant. He told Auto Remarketing on Tuesday that though his retirement announcement may have come as a surprise to many in the industry, it is something he’s been looking forward […] [Read More]

In breaking news this morning, Cox Enterprises revealed that Manheim’s Dean Eisner is retiring this summer and that a new president of Manheim has been appointed. Picked to fill that position is Sandy Schwartz, who has been with Cox for more than 25 years, including his most recent post as president of Cox Media Group. [Read More]

Insurance Auto Auctions broadens its coverage in South Carolina Monday by opening its third location in the state. Seen as a complement to facilities in Charleston and Greenville, IAA started business in Columbia, South Carolina’s capital city. Insurance Auto Auctions’ Columbia branch is located at 1416 Atlas Road. In keeping with the company’s green philosophy […] [Read More]

RVI Group vice president Rene Abdalah doesn’t foresee the same kind of downward impact from skyrocketing gas prices that occurred in 2008, but he does expect that the Canadian wholesale market will see some softness due to the fuel-cost surge that has bubbled up recently. Granted, wholesale prices during January climbed 1.4 percent month-over-month, but […] [Read More]

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]