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Diesel-powered pickup trucks sell for more than 30% of their gasoline counterparts after three years of fleet usage and return greater value with higher odometer readings, according to data from ADESA.
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ADESA will not participate in an automotive remarketing industry initiative to establish a platform that would allow simultaneous bidding on vehicles listed on multiple online auction sites.
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Wholesale prices remained at high levels in April, reflecting scarcity in supply and abundance of demand, according to the latest Kontos Kommentary from ADESA Chief Economist Tom Kontos.
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Manheim, ADESA, and the independent auctions will begin developing a platform that allows simultaneous bidding on vehicles listed on multiple online auction sites that will be ready in the second half of 2014.
Read More →Tom Kontos, ADESA’s chief economist, reports that wholesale used vehicle prices for June continue to soften while the used vehicle supply continues to recover.
Read More →ARI, a global fleet services provider specializing in complex car and truck fleets, hosted a celebration recognizing and honoring the 2012 Regional Auction of the Year award winners on May 17.
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Average auction prices climb above $10,000 for the first time since June 2011.
Read More →MT. LAUREL, N.J. - Automotive Resources International (ARI) announced the first-ever recipients of its Auctioneer of Distinction award.
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Used-vehicle prices are achieving highs that will start to drive used-vehicle buyers to new cars, says Tom Kontos in Adesa's April Current Used Vehicle Market Conditions and Outlook.
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Wholesale used vehicle prices in March averaged $10,549 — a 4 percent increase from February and a 6.8 percent increase from prior year.
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