Auto Remarketing Staff

MetroGistics Holdings announced Tuesday the acquisition of greater Kansas City area-based Metro Title Services. This latest development follows recent expansion efforts to merge with AmeriFleet, which the company acquired in January. “We recognized best-in-class vehicle compliance services as a major market... Read More

NAAA to host auction standards training in Orlando

Auto Remarketing Staff

The National Auto Auction Association’s Standards Training Program will host two days of hands-on vehicle inspections and arbitration training in Orlando, Fla., on Thursday and Friday. Classes will be instructed by Manheim director of arbitration Matt Arias, who will cover damage analysis on day-one and... Read More

Jim DesRochers, Dealers Auto Auction of the Southwest

This year’s annual conference partnership between the National Remarketing Conference and the NAAA Convention was a great example of a forward-thinking combination of two very strong brands. As Dan Kennedy (formerly of GM, now with Jack Cooper Logistics), Mike Broe (formerly of Manheim and now president of... Read More

Manheim invests $17M to grow retail recon operations

Auto Remarketing Staff

Manheim has been investing $17 million to develop its retail reconditioning solution's proprietary technology platform and build new facilities, while upgrading existing ones. In a news release, Manheim explained that its retail reconditioning solution is designed to help dealers increase... Read More

Auto Remarketing Staff

Be it a car or truck, Black Book saw both general vehicle segments depreciating at almost the same rate as auctions and dealers celebrated Thanksgiving. According to this week’s Black Book Market Insights report, editors determined sporty cars and compact vans saw the most depreciation out of both segments,... Read More

Auto Remarketing Staff

Manheim has announced a 100-percent sales rate following the exclusive off-site auction for Citroen its Nevada team recently held in Las Vegas in collaboration with Manheim Online in the U.K. The Las Vegas auction follows the successful unique off-site sale Manheim and Citroen held 'at sea' last year on No... Read More

RVI Group pinpoints October wholesale price increases

Auto Remarketing Staff

No matter which way the analysts at RVI Group looked at October wholesale prices, they noticed increases versus September’s readings as well as from year-ago figures. The RVI Used Vehicle Price Index (Real) increased from September to October by 2.0 percent. When compared to October of last year, prices... Read More

Cox Automotive names new CFO

Auto Remarketing Staff

Cox Automotive has a new chief financial officer. Starting Monday, Mark Bowser will be executive vice president and CFO, while also heading up the finance and strategy teams, NextGear Capital and other corporate functions. Bowser has been with parent company Cox Enterprises since 2006 and most recently was CFO with... Read More