Wholesale
Black Book index slides for fourth straight month
Thursday, Nov. 3, 2022, 06:25 PM
Auto Remarketing Staff
Black Book is expecting wholesale movement for the remainder of the year to resemble what analysts observed in October, which produced a 1.2% decrease in the firm’s Used Vehicle Retention Index. Now on a downward streak of four months in a row, the index dipped another 2.2 points from September’s reading to 174.3, which left it […] [Read More]
Lane watch: Looking for ‘middle ground’ between buyers & sellers
Tuesday, Nov. 1, 2022, 03:57 PM
Auto Remarketing Staff
According to the newest installment of Black Book’s Market Insights, wholesale prices softened another 1.19% last week, prompting analysts to wonder when buyers and sellers will find “middle ground” in the market. Black Book explained its reasoning, as its estimated average weekly sales rate remained at … [Read More]
Dealers Auto Auction Group makes another acquisition, expands reach to Arkansas
Monday, Oct. 31, 2022, 04:24 PM
Auto Remarketing Staff
Dealers Auto Auction Group has acquired Atlas Auto Auction, a move that adds the Little Rock, Ark., market to the auction group’s footprint. With the purchase of Atlas, DAAG now has 10 auctions throughout the Southeast. “We are very excited about the acquisition of the Atlas Auto Auction and entering the Little Rock market,” DAAG […] [Read More]
Auction notes: IAA expansion & new hire at DAA Memphis
Wednesday, Oct. 26, 2022, 07:28 PM
Auto Remarketing Staff
While Dealers Auto Auction of Memphis announced the addition of one of the 2021 Women in Remarketing honorees, IAA finalized the facility expansion in a sixth state so far this year. On Wednesday, IAA said through a news release that construction has been completed on a significant expansion to the IAA Phoenix branch. The company […] [Read More]
Lane watch: More evidence of online action, as values keep softening
Tuesday, Oct. 25, 2022, 06:10 PM
Auto Remarketing Staff
Black Book said on Tuesday that the wholesale market is continuing to experience larger than typical value declines for this time of year, as overall prices slid another 0.76%. But what be even more interesting are the sale day anecdotes analysts shared in their latest installment of Market Insights, which mentioned the estimated average weekly […] [Read More]
Work Truck Solutions releases Q3 report, as Penske broadens commercial retail footprint
Friday, Oct. 21, 2022, 06:26 PM
Auto Remarketing Staff
In response to continued industry demand for used vehicles, Penske said Friday that it increased the footprint of its network of used truck centers. And perhaps the third quarter ComTrend analysis from Work Truck Solutions of new and used commercial vehicles reinforced why the publicly traded company made this decision. Work Truck Solutions indicated that […] [Read More]
Black Book expanded residual valuations now look 10 years ahead
Friday, Oct. 21, 2022, 04:03 PM
Auto Remarketing Staff
Black Book regularly recaps what happened during the previous week within the wholesale market, as highlighted in this previous report. On Friday, the division of Hearst announced an expanded data offering for its residual valuations, looking forward as long as 10 years. Previously, Black Book said residual values were available for up to seven model […] [Read More]
IAA adds more capacity in California
Thursday, Oct. 20, 2022, 05:29 PM
Auto Remarketing Staff
On Thursday, IAA announced an expansion in a fifth state so far this year, adding California to the list that already includes New Jersey, Florida, Indiana and Hawaii. IAA highlighted capacity growth in two important California regions. The company said IAA Fresno has expanded again to meet growing demand in the key market of the […] [Read More]
2022 Remarketing Executive of the Year Darrin Aiken on fleets, fast bikes & family
Wednesday, Oct. 19, 2022, 06:51 PM
Joe Overby, Senior Editor
Darrin Aiken, a recent college graduate at the time, had been working for Kmart at local stores in his area of Illinois for about a year in the 1980s, and decided to make a go at selling cars — a potential career he had been eyeing for some time. So, like any young entrepreneurially minded […] [Read More]
NAAA to co-host online ADAS Summit Wednesday, announces dates for Total Access event
Tuesday, Oct. 18, 2022, 05:40 PM
Auto Remarketing Staff
The National Auto Auction Association just wrapped up its annual convention last month in Dallas, but the trade group had more event news to share on Tuesday. Along with Cox Automotive Mobility and the Burke Porter Group, NAAA said it will be hosting the inaugural ADAS Summit from 11:30 a.m. (ET) to 1 p.m. on […] [Read More]