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In its monthly report, ADESA Analytical Services found that wholesale used-car prices are declining once again after an uptick following Hurricane Sandy. The decline originally began this past spring.
Read More →Reaching the milestone means Ally’s online used-vehicle auction has sold approximately 1,200 vehicles every selling day for the last 12 years.
Read More →AuctionNet wholesale prices improved again in April, a result that was in line with the National Automobile Dealers Association’s prediction that used prices would peak during the middle of the month.
Read More →Wholesale used-vehicle prices continued to soften through October in all three of the traditional auction industry seller segments (factory, fleet/lease and dealer consignment), according to ADESA Auction’s Tom Kontos.
Read More →GE Capital Fleet Services announced it has expanded its relationship with Carfax to offer the wholesale market more vehicle history information about GE Capital Fleet Services’ units.
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Dealers aren’t happy about Carfax jumping into the pricing game, but market insiders say the company’s new tool isn’t what’s hurting margins.
Read More →Seasonal weakness drove U.S. prime auto loan ABS losses slightly higher in January versus prior months, according to Fitch Ratings.
Read More →About 8 million fewer used cars and trucks entered the U.S. market over the past two years, resulting in higher used-vehicle prices every month in 2009, according to the latest AuctionNet data of wholesale transaction prices.
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