Consumers might take advantage of falling rates and get themselves into a new ride, as prices for both new and used units are sliding, according to Kelley Blue Book. And going against the normal trend, even as fuel prices spike, hitting above $4 per gallon in many parts of the country, the prices of used […] [Read More]

Modestly softer demand in recent months is not an indication that consumers are no longer hungry for used vehicles, according to NADA Used Car Guide. It's quite the contrary. In the latest Guidelines report, senior analyst Jonathan Banks says “numerous indicators suggest that consumer demand for used vehicles continues to grow, albeit at pace slower […] [Read More]

In light of an economic recovery that’s still modest, Kelley Blue Book insisted luxury vehicle values have been hit especially hard during the past several months as new- and used-model values have steadily declined. Seen as consistently underperforming their non-luxury counterparts, KBB calculated that values of used luxury vehicles dropped by 1.7 to 2.5 percent […] [Read More]

The annual ADESA Boston Classic Car and Motorcycle Run, now in its 12th year, will be held this Sunday, Sept. 16 in Massachusetts. The fundraising event has raised hundreds of thousands of dollars in charitable donations over the years, ADESA reports, and today boasts more than 200 motorcycles and 100 vintage vehicles in its 30-mile […] [Read More]

Renovo Services recently announced that it has successfully completed a SSAE 16 (Service Organization Control) 1 Type II audit, which examines the effectiveness of internal controls supporting Renovo Services' asset recovery and remarketing business. Company officials declared SSAE 16 is the new auditing standard developed a year ago by the American Institute of Certified Public […] [Read More]

One of the many highlights of the second-ever Re3 Conference not only is designed to recap how this year is playing out in the repossession, recovery and remarketing industries, but also to project how 2013 might unfold. Set to be a part of a session titled, “Remarkable Remarketing & Repossessions: The Industry’s Finest Share Their […] [Read More]

Workshops are a key part of the National Remarketing Conference every year, offering opportunities for attendees to interact in smaller group sessions, and 2012 will be no exception. The event will be bookended by workshop sessions: two groups of four sessions held on the opening day and repeated on the closing day. The first workshop […] [Read More]

In the latest step of the Hertz-Dollar Thrifty deal announced last month, Hertz Global Holdings said Monday that it has initiated a cash tender offer to buy all outstanding shares of Dollar Thrifty Automotive Group’s common stock. The two companies entered a definitive merger agreement on Aug. 26, as reported previously in Auto Remarketing.   [Read More]

Dealer Services Corp., of Indiana promoted its regional director to a new position on Monday. As the company’s new vice president of operations, Alan Lang will be responsible for leading the company’s market portfolio strategies and field operational structure.  “DSC is committed to providing unparalleled support to our field representatives and the markets they serve,” […] [Read More]

Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts determined leasing represented 24.40 percent of all new-vehicle financing during the second quarter. That level was on par […] [Read More]