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The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
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CARFAX teamed up with Mungenast St. Louis Honda to assist car shoppers last weekend.
Read More →Results of a comprehensive industry study, the naming of a new president, and the International Auctioneer Championship were among the highlights of the National Auctioneers Association's 55th International Auctioneers Conference and Show held July 13-17 in Madison.
Read More →The International Automotive Remarketing Alliance (IARA) has presented Charlie Vogelheim, senior editor of Kelley Blue Book, with a special recognition award, presented to those in the vehicle remarketing industry who transcend their normal working duties and regularly give themselves for the betterment of others.
Read More →The International Automotive Remarketers Alliance (IARA) Roundtable meeting, held at the Chicago Fairmont Hotel July 21-23, was attended by more than 95 remarketing professionals.
Read More →Manheim and a consortium of major banks will create an upstream vehicle sales platform set to launch in September that will give major banks a more prominent presence on the Internet.
Read More →The National Auto Auction Association (NAAA) has launched a Scholastic Foundation offering scholarships to deserving students whose families are associated with the NAAA and its members. The scholarship program will be funded initially by association members and a silent auction at the group’s fall national conference.
Read More →SGS Automotive Services and Ebay Motors have partnered to offer automotive dealers a turnkey service for the inspection and posting of used vehicles over the Internet.
Read More →Representing 12 established independent auctions, Scott Kolb, CAI, has formed The SKI Group, LLC, to deliver automotive and auction consulting services to the vehicle remarketing industry.
Read More →Resale prices in the wholesale market for out-of-service commercial fleet vehicles have declined slightly due to the increase in auction inventory resulting from sluggish used-vehicle retail sales, according to an industry source. The increased inventory, in addition to the model-year buildout, has caused wholesale resale prices for intermediate-sized fleet sedans to decrease, on average, approxim
Read More →Average auction prices in June were up from year-ago levels for the fourth month in a row, but were lower than in May. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, average auction prices in June were up 1.2 percent from year-ago levels, but down 1.5 percent relative to the previous month.
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