The end of 2012 saw strong performance for US prime auto asset backed securities (ABS) while subprime loans again took a step back, according to the latest index results from Fitch Ratings. Subprime auto ABS performance has declined over the past six months, driven by the typical weak fall season going into late 2012, as […]
In Mike Williams’ new role at Black Book as Vice President of Mobile Solutions, he will be responsible for all of the company’s mobile products and services, including developing new products, enhancing the functionality of existing ones, and increasing mobile revenue streams. Williams spent several years with Manheim Pennsylvania, and also helped launch Simulcast and […]
It’s taken a few years, but consumers are taking certified pre-owned vehicles more seriously these days. Last year, there were 1.83 million CPO vehicles sold – the most ever and more than 92,000 units sold in 2011, according the Autodata Corp. That previously had been the best year ever for CPO sales. During 2012, 10 […]
Tom Webb Chief Economist Manheim Consulting The Manheim Used Vehicle Value Index for December rose 1.2% over November, and at 124.1 was down 0.8% year-over-year. On an annual basis, the Manheim Index was down 1%. On a quarterly basis during 2012, the market saw a relatively flat Q1, followed by declines in the 2nd and […]
Tom Kontos Executive Vice President, Customer Strategies & Analytics ADESA Analytical Services Wholesale prices were up more than 3% over November – evidence of some residual effects of Superstorm Sandy; December does tend to seasonally be a stronger month than November as consignors tend to hold cars during the month in anticipation of January; those […]