Frigid Canadian weather this winter has led to more than just mountains. The bitter conditions have had an impact on Canada’s used-car market at the start of 2011, as the frosty climate has chilled wholesale values, according to RVI Group. Specifically, Canadian used-car prices in the first two weeks of January were down 1.5 percent […] [Read More]

In the first three weeks of the new year, OPENLANE said its Certified Auction Partner program has continued to gain steam as it builds upon the progress made since its fourth-quarter 2009 roll-out. More than 45 auction partners have joined CAP following its launch and the company expects to see more expansion this year. OPENLANE […] [Read More]

On Tuesday, Hertz Corp. announced the launch of an online remarketing program that allows dealers to directly acquire high-quality rental units from the company. Hertz Dealer Direct is designed to offer these late-model units to dealers at “competitive prices” and doesn’t require a transaction fee. [Read More]

OPENLANE has teamed up with the National Independent Automobile Dealers Association for a new certified listing category within the online auction platform. Officials believe the new offering will help to boost confidence among wholesale buyers, lift the price and pace of vehicle sales at auction and help dealers fetch higher prices on the retail side. [Read More]

In what should be good news for dealers and auctions, the National Auto Auction Association discovered 2010 fourth-quarter volume jumped 1.4 percent compared to the year-ago quarter. NAAA economist Ira Silver said this rise marked the first year-over-year gain since the first quarter of 2008. However, one region fueled most of that fourth-quarter growth. The […] [Read More]

Canadian used-vehicle prices increased modestly on a sequential basis during December, according to the latest ADESA Canada Used Vehicle Price Index. However, most segments included in the data were said to be soft. Specifically, ADESA’s data — powered by ALG Canada — indicated that there was a 0.3-point upswing in the index for December compared to the prior […] [Read More]

Seen as a catalyst for its remarketing efforts, Automotive Resources International rolled out a redesigned version of its remarketing website Thursday. ARI contends the new version now contains graphically intuitive navigation and enhanced functionality.  Executives explained improvements to the ARIAutoDirect website also is meant to promote increased site traffic, an interactive sales approach and ultimately […] [Read More]

Manheim announced Wednesday it has reached a deal with The Van Tuyl Group, which manages and provides a slew of services to about 65 dealers throughout the U.S. Under the partnership, increased vehicle volumes will be sent to Manheim and Van Tuyl will be able to offer OVE.com to its dealers and sellers. Moreover, Van Tuyl will be […] [Read More]

Wholesale values have slowed down sequentially so far in January, but they are still significantly stronger than year-ago levels, according to the latest analysis from RVI Group. And the gains are likely to carry on throughout 2011. Specifically, based on preliminary data, wholesale values in January are down 3.3 percent from December. A potential cause […] [Read More]

Ricky Beggs believes he has seen plenty of unique circumstances during nearly three decades of used-vehicle industry involvement. But last week’s snow and ice that plagued the Southeast forced the Black Book managing editor and his colleagues to scramble to keep pricing information current. “For the first time in my almost 30 years within this […] [Read More]