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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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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.
Read More →Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Mid-South Salvage LLC, a 15-acre operation located in Jackson, Miss.
Read More →The Texas Department of Transportation reports that more than 100,000 vehicles are stolen every year in Texas, with more than 9,000 thefts occurring in the month of July alone. As a result, state authorities have designated July as Auto Theft Prevention Month. Carfax is offering consumers throughout Texas a discounted rate on its reports during this month in recognition of the program.
Read More →The International Automotive Remarketers Alliance (IARA) announced that the next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, will be held July 21-23 at the Fairmont Hotel in downtown Chicago.
Read More →ADESA, Inc. announced the redemption of all of its $90 million 7.7 percent Senior Notes, Series A, due 2006 and all of its $35 million 8.1 percent senior notes, Series B, due 2010.
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