The first quarter has been a busy one for uShip, which saw a company-record $7.6 million in vehicle and motorcycle shipping transacted on its site. That amount marked an increase of 24 percent over the fourth quarter of last year — which was uShip’s previous high — and 33 percent above 2010’s first quarter. Officials […] [Read More]

In his latest Black Book video, Rick Beggs describes dealers’ amazement in the lanes as they were shaking their heads, continuing to bid again and again to get more inventory. While supply has been slow, one newer factor possibly fueling dealers bids could be the potential lack of  new Japanese models as that country continues […] [Read More]

CLR Auto Transport launched a new division on Tuesday dedicated to commercial fleet transportation, transfer services and vehicle storage. Company officials indicated this new division will be known as Fleet Care Transport and will be headquartered at the CLR Auto Transport office in Merrillville, Ind. Fleet Care Transport intends to provide professional driver transportation and […] [Read More]

Copart recently announced that its UK subsidiary Copart UK Limited has completed the acquisition of privately held Hewitt International. Hewitt International, founded in 1946, is a vehicle salvage business with a strong focus on agricultural vehicle auctions. The purchase of Hewitt International will bring to members of www.copart.co.uk a larger range of agricultural equipment and […] [Read More]

In evaluating pricing trends in the wholesale marketplace over the past week, Black Book’s Ricky Beggs spotted a first for 2011: The values in each of the 10 car segments that Black Book monitors climbed last week. “The activity at many auctions could easily be described as amazingly strong,” said Beggs, Black Book’s managing editor. […] [Read More]

OPENLANE recently highlighted that the quarter-over-quarter growth of its online remarketing services for recovery agencies grew by more than 200 percent during the first year of operation.  Officials discovered the growth rate during the last two quarters of 2010 was 230 percent. It surged even higher since the beginning of this year to 360 percent. […] [Read More]

When looking at February’s wholesale price movements, ADESA’s Tom Kontos urges a bit of caution. While on the surface it’s clear that there was both a sequential and a year-over-year decrease in prices, these modest declines are a bit deceiving, he argued. Kontos explained that the dealer consignment climbed absolutely and proportionately, and this trend […] [Read More]

Dealers looking for inventory — especially Ford models — from the Avis Budget Group now can secure units thanks to a revamped partnership with OPENLANE. Lot management now can scour Avis Budget Group vehicles based on make, model or vehicle identification number directly from Avis and Budget locations with full condition reports provided by Alliance […] [Read More]

With so much recent analysis focused on how gas prices are swaying shopper behavior, NADA Used Car Guide took a look at the issue from the inventory manager perspective. Maybe not to the degree of 2008, but executive automotive analyst Jonathan Banks surmises the 35-cent climb at the pump during the first two weeks of […] [Read More]

On Tuesday, Manheim tapped a replacement as the group vice president of Total Resource Auctions to replace Jamie Porter, the former president who retired last year. Stepping into the role effective immediately is company veteran Bill Tiedemann. In connection with the announcement, Manheim cited its 2011 Used Car Market Report, highlighting the supply of vehicles […] [Read More]