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]

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]