Wholesale vehicle prices steady with December, drop 9% year-over-year

Wholesale vehicle prices continue weekly depreciation of over 1%

Premium Content

There was a bit of relief in the wholesale used-vehicle market last month, and not just in terms of prices falling year-over-year.

January’s month-over-month steadiness in used-car prices was a respite from the volatility in 2023.

Cox Automotive’s Manheim Used Vehicle Value Index for January came in at ...

TO READ THE FULL STORY

Dealer news: Hendrick adds new brand to its portfolio; Rick Case donations drive Nation of Lifesavers CPR campaign

May 01, 2025

One might think Hendrick Automotive Group, which claims to be the nation’s largest privately held auto retail organization with 134 franchises at 97 locations across the nation, might already have every vehicle brand covered. But there was room for one more. The dealership group has added its 26th brand with the opening of Hendrick INEOS Grenadier in Charleston, S.C. The new location offers customers a selection of 4×4 vehicles from the British manufacturer, including the Grenadier Station Wagon and its pickup truck counterpart, the Grenadier Quartermaster. In a news release, Hendrick said both models are available in three trim levels […]
Read More

House passes resolution to repeal California gas vehicle ban

May 01, 2025

Industry associations got the result they wanted on Thursday as the U.S. House voted 246-164 in favor of H.J. Res. 88 to reverse the Environmental Protection Agency’s approval of a waiver to California and 11 other states to ban the sale of gas-powered vehicles by 2035. After 35 Democrats — including a pair from California — joined 211 Republicans saying “yea” to the proposal, Alliance for Automotive Innovation president and CEO John Bozzella said: “Today’s vote was a welcome — and targeted — action by the House to prevent the inevitable jobs and manufacturing fallout from these unachievable regulations. Regulations, […]
Read More

ADESA Clear digital auction platform expands to 45-plus locations

April 30, 2025

ADESA Clear, the digital wholesale auction product of Carvana’s auto auction subsidiary, has expanded in a big way. The platform launched in late 2023 and grew regionally last year and the early months of 2025. And now it includes vehicles sold from more than 45 ADESA auto auction locations and Carvana inspection and reconditioning centers. The company said “most sites” throughout the ADESA and Carvana network support ADESA Clear digital auction sales. “We are thrilled to offer the ADESA Clear digital auction experience to wholesale buyers from coast to coast, and we look forward to continuing to grow our reach […]
Read More

X