Auto Remarketing Staff

RMS Automotive recently announced that it has partnered with vAuto to make the evaluation and acquisition of manufacturers’ premium off-lease and off-program vehicles a speedier process for dealers. Open sale inventory listed on manufacturers’ digital sales platforms powered by RMS Automotive is now... Read More

Auction sales volume up 6% in June

Joe Overby, Senior Editor

Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last. And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.  According to the latest Guidelines report... Read More

Auto Remarketing Staff

J.D. Power Valuation Services might have sounded like the firm formerly known as NADA Used Car Guide was repeating itself when analysts shared both their assessment of used-vehicle price movement in June and their projection for July. According to the latest edition of Guidelines, J.D. Power Valuation Services reported... Read More

Auto Remarketing Staff

KAR Auction Services chief economist Tom Kontos continues to be intrigued by the special slice of wholesale data he began to share three months ago that’s produced a consistent trend counter to the overall price reading. But first, let’s look at that overall movement. According to ADESA Analytical... Read More

Auto Remarketing Staff

As the calendar reached the midpoint of 2017, Black Book spotted some wholesale price movements that experts say might differ during the remainder of the year. According to Black Book data, the average price of a used vehicle in June for model years 2012 through 2016 decreased in value by 1.3 percent, slightly more than... Read More

Auto Remarketing Staff

instaVIN, a provider of vehicle history and title information, has launched a revamped website, parent company KAR Auction Services announced Wednesday. Chief executive Jim Irish explained some of the upgrades in a news release. “At instaVIN, we are focused on simplifying vehicle history research for our... Read More

Auto Remarketing Staff

On Friday, the McConkey Auction Group announced that it has formed an executive team to oversee the strategy, operations, national sales, finance and marketing of its auctions in the Spokane, Wash., Kansas City, Mo., and Seattle markets. The new seven-member team includes: —David Pendergraft, DAA Northwest... Read More

Manheim to add 6 new physical auctions

Joe Overby, Senior Editor

Manheim is opening six new physical auctions, which will be located in Alabama, Georgia, Illinois, North Carolina, Texas and Utah, some of which have already launched. The auction company, making the announcement Thursday, said these locations are smaller, one- to four-lane facilities. The six new auctions... Read More