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]

Automotive Resources International said last week that it has brought up one of its executives to serve as the new senior vice president of fleet services, which is responsible for remarketing, among other duties. Assuming the post is Bob White, whose most recent position was as a vice president of operations. White has been with […] [Read More]

Leaders of the National Auto Auction Association all agree that adoption of NAAA’s National Certification Standard Program continues to expand since its release on Jan. 1. NAAA executive director Frank Hackett indicated program implementation is an ongoing process being rolled out during the next six weeks. The association pointed out companies that have already announced […] [Read More]

ADESA’s Tom Kontos delivered encouraging news this week to dealers scouring for affordable inventory. Kontos indicated that December became the second month in a row when average wholesale used-vehicle prices stayed relatively flat on a month-over-month basis. Furthermore, Kontos noted the December reading meant prices fell on a year-over-year basis for the first time in […] [Read More]

Manheim economist Tom Webb admits he’s usually not as upbeat as some other industry prognosticators, especially this time of year as the North American International Auto Show ramps up in Detroit. However, during his quarterly conference call Monday in conjunction with the latest Manheim Used Vehicle Value Index, Webb spoke glowingly about several elements of […] [Read More]