Storm Damage is One Thing, Avoiding Fraud is Another

While automakers took a big hit during Hurricane Sandy hitting ports, there’s a lot more damage out there being calculated by automakers, auctions, inspectors, and vehicle-history reporting agencies. While automakers are destroying thousands of new vehicles damaged during the storm, there will be other problems to deal with. Flawed, unsafe vehicles will end up on […]

Toyota and Honda Dominate Both Resale Value Awards

Recalls don’t seem to be taking away Toyota’s resale value recognition, whether you’re talking about Toyota and Lexus taking back the Kelley Blue Book Best Resale Value Awards last year after being off the mantle for a while in the years following the largest vehicle recall ever; or winning the 2013 model-year awards after experiencing […]

Kelley Blue Book on What’s Happening Now and What’s Predicted for Q1

Used vehicle values were relatively flat in October with a scant 1.5% drop overall, putting them down only 1% year-over-year, according to Blue Book Market Report as it studied October market and impact of hurricane.

In post-Hurricane Sandy environment, values could creep up as inventory shifts…

Dealers are waiting to receive additional new vehicle allocations after the storm and it may take…

As for the first quarter of 2013, Kelley Blue Book is predicting that…

Click here to read more about what car shoppers are expecting and details on Kelley Blue Book’s Q1 2013 forecast…

Auction Academy Training Next Generation for Independent Auctions

Members of Auction Academy’s inaugural class (Sons & Daughters of Independent Auction Owners) were treated to a behind-the-scenes look at the largest independent auto auction in the country as the group met for its third training session on October 22-23 at Southern Auto Auction in East Windsor, Conn. Auction Owner Larry Tribble and Vice President […]

October Sales Numbers, and Where Sales are Going in December, Post-Sandy

Jonathan Banks Executive Automotive Analyst NADA Used Car Guide At 2.3%, AuctionNet wholesale prices experienced deeper decline in October than 2% average fall that had been observed over previous 3 months; But downward movement was slightly better than what is typically seen over month and was significant improvement over 4% drop recorded in October 2011. […]