The year’s opening reading of the Manheim Used Vehicle Value Index extended the pattern established through much of 2010 — a steady move higher. Manheim’s Tom Webb pinpointed January’s mark at 124.9. The figure represented a 0.4-percent uptick from the previous month and a 6.2-percent jump from a year ago. The index has moved higher […] [Read More]

OPENLANE announced a collaborative partnership with automotive solutions provider Auction123 to create the Virtual Showroom Service. This new service is a lead generation tool that enables participating dealers to display thousands of off-lease, fleet, rental, repossessed and dealer-consigned vehicles listed on OPENLANE.com each day on their own websites. Powered by Auction 123, OPENLANE’s Virtual Showroom […] [Read More]

In addition to revealing 2010 results, SmartAuction announced it has added Black Book and NADA Used Car Guide into its suite of auction tools. SmartAuction customers, which include almost 10,000 franchise and independent dealers, now have access to values from both guides on all vehicles listed on the site. Once a default guide is selected, […] [Read More]

During the National Automobile Dealers Association’s convention today Manheim released its annual Used Car Market Report. The company revealed that after four straight years of declines, both new- and used-vehicle retail sales climbed in 2010. However, wholesale supply declined for the third straight year, “presenting challenges for the nation’s automobile dealers that were often solved […] [Read More]

Before discussing surprising price movements by trucks, Black Book managing editor Ricky Beggs touched on several other points he saw coming to light in January. 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; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; […] [Read More]

Now approaching one year since OPENLANE rolled out its Dealer Group Remarketing Solutions Program at last year’s National Automobile Dealers Association Convention, the online auction company indicated that program users’ overall sales have increased nearly 50 percent. 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; […] [Read More]

Dealers who seek more details about the new online remarketing program recently launched by Hertz Corp. can meet with representatives during the upcoming National Automobile Dealers Association Convention and Expo. 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; […] [Read More]

Chrome Systems recently announced that its automated mapping Web service solution, BookLink, has signed on another provider that joins NADA and Black Book. Brought in to BookLink was Kelley Blue Book. This allows BookLink customers to map between the data sets of Chrome and KBB in an efficient fashion. They don’t have to implement, host or update mapping tables […] [Read More]

Celebrating the rollout of El Paso Independent Auto Auction — which will host its first-ever sale tomorrow — the ServNet Auction Group has hit a new milestone for the number of facilities in its network. Thanks to the additions of EPI and Sparkling City Auto Auction of San Antonio — which hosted its inaugural sale […] [Read More]

A dealer who generally purchases numerous repossessed vehicles in the auction lanes has been witnessing a downswing in these volumes and asked  Manheim’s Tom Webb to explain the what is going on with these volumes. Normal 0 false false [Read More]