While various wholesale channels are an efficient way to remarket large volumes of end-of-cycle inventory, retail remarketing generates significantly higher proceeds and is playing an increasingly important role in remarketers’ portfolios. But how do fleet management companies and other commercial consigners that utilize retail remarketing decide what vehicles in their portfolio to retail versus wholesale? […] [Read More]

With dealer consignment activity softening for a variety of reasons, the newest Black Book Market Insights report showed that small cars continue to feel heavy depreciation. And editors added that small crossovers are also sustaining larger valuation drops, as well. Out of all vehicle categories within the car segment, the report indicated sub-compact cars declined […] [Read More]

AutoBuy plans to open four new locations in Florida, having served more than 100,000 private car sellers and appraised over $1 billion in inventory, the company recently announced. Since last year, AutoBuy said it has increased its available inventory by more than 110 percent and seen its revenue growth reach nearly 70 percent year-over-year, via both its brick […] [Read More]

Charleston Auto Auction, which is part of the XLerate Group, announced Tuesday it has made four additions and changes to its sales team as it continues to expand. Krysten Hohl is in the auction’s newly created position of national remarketer; Johnathan Hollis joins Charleston Auto Auction as the new digital development representative for the Greater Atlanta […] [Read More]

ServNet auction owners and members of its executive team met for the group's semi-annual business meeting and a visit with national remarketers at a Meet the Owners event last month. At the Owners' Meeting, members discussed the group's Leadership Succession, which will occur this fall. Carolina Auto Auction’s Eric Autenrieth will assume duties as ServNet's […] [Read More]

Analysts at J.D. Power Valuation Services found that May wholesale prices for used vehicles up to 8 years old declined by an average of 1.9 percent. And their expectations predict a similar softening to happen in June, as well. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation […] [Read More]

Compared to the previous four-week period, J.D. Power Valuation Services determined auction sales volume for used vehicles up to 8 years old dropped by 3 percent in May, settling at 366,212 units. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation Services recapped that the volume figure […] [Read More]

Along with announcing its college scholarship winners, the National Independent Automobile Dealers Association named Matthews Motors as the recipient of the 2017 NIADA and Cox Automotive Community Service Award in recognition of charitable efforts which have made a notable impact in Clayton, N.C. The award honors independent dealerships for outstanding contributions to its community and the innovative […] [Read More]

MetroGistics has brought aboard new director of human resources Lainey Strohmeyer, who most recently served as director of human resources for Intelliteach. Strohmeyer is certified as a senior professional in human resources by the HR Certification Institute and a senior certified professional by the Society for Human Resource Management with more than 12 years of […] [Read More]

KAR Auction Services chief economist Tom Kontos reported overall wholesale prices in May rose nearly 4 percent year-over-year. But a recent addition to Kontos’ analysis in order to give the industry a better understanding “once again shows significant price softening.” According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model […] [Read More]