Here’s more industry consolidation; this time in the fleet space. A news release from Athene Holding distributed on Monday announced the signing of a stock purchase agreement by LeasePlan Corp. with Wheels Donlen’s parent company to acquire LeasePlan USA. The result will be the combination of LeasePlan USA with Wheels Donlen to create a unified […] [Read More]

With the average price for a gallon of gas now above $5, Black Book’s newest installment of Market Insights highlighted how wholesale prices for vehicles such as compact cars and full-size SUVs are moving in distinctly different directions. “Fuel prices appear to still be having a … [Read More]

Another sign that high wholesale vehicle prices aren’t going anywhere sometime soon: Black Book’s Used Vehicle Retention Index ended a three-month run of sequential declines in May and eclipsed year-ago numbers by more than 18%. Specifically, the index came in at … [Read More]

As overall wholesale prices gained another 0.11% last week, the newest installment of Black Book’s Market Insights began with analysts focused on two vehicle segments that often attract the most buyer attention. Black Book said full-size trucks and compact cars have been “catching our eye in recent weeks … for their pricing movements are now […] [Read More]

Central Auto Auction now is being overseen by a new auction manager who has been in the industry longer than the operation itself. Announced earlier this month, the new auction manager at Central AA is Anthony Jasiak, who has more than 25 years of experience. Jasiak started his career as the AGM with ADESA New […] [Read More]

CarOffer said Monday it has launched a national non-affiliated online used-car exchange desk called PremiumXchange (or PX), where dealers throughout the country can exchange cars with one another at prices determined by those dealers. Through the Instant Market Value technology from CarOffer parent CarGurus, dealers can use PX to take advantage of price disparity from […] [Read More]

Alexis Jacobs, a former National Auto Auction Association president and former owner and chief executive officer of Columbus Fair Auto Auction, passed away Friday, according to a message from NAAA. Jacobs, who was the NAAA’s president in 1995, led CFAA until 2019. The XLerate Group acquired the auction in 2019. Jacobs was named NAAA Industry […] [Read More]

With Memorial Day Weekend unofficially starting summer and vacation season, Black Book noticed somewhat sleepy auction lanes last week and expects more of the same this week. But there are some interesting trends emerging that could affect the shape of the wholesale market as the temperatures continue to rise. “Many buyers seem to still be […] [Read More]

In 1996, the National Safety Council declared June “National Safety Month,” a time to reflect on working conditions around the country and how to create safer environments. Two decades later, it serves as an important reminder each year that workplace safety requires commitment each and every day from both a company and its employees. At […] [Read More]

XLerate Group, which acquired the America’s Auto Auction group late last year, said Wednesday it is rebranding the 16 XLerate auctions with the AAA name, as the company consolidates the XLerate auctions with the 23 AAA sites under a unified branding. The group is also launching a revamped logo. “XLerate Group’s acquisition of America’s Auto […] [Read More]