Despite some slight surges in pricing last week, Black Book shared new data this week that shows additional truck segments may be feeling more pricing pressure, resulting in many trucks holding their values less than they have in previous years. Year to date, Black Book indicated all truck segments have performed worse in comparison to […] [Read More]

On Wednesday, General Motors Financial highlighted the winners of its nationwide Auction of Excellence program. This year marks the first time GM Financial has recognized two winners — one for open and one for closed sale performance. Recipients were chosen after reviewing each of the company’s 46 auction partners’ performances in customer service, marketing promotions, pre-sale […] [Read More]

The National Auto Auction Association is now providing its member auctions with free courses on Auction Safety Certification and Lane Safety Training. NAAA added the safety series, which includes video courses, to its website on Monday. It is designed to promote safety awareness and prevent accidents. The courses are based on a two-tiered system for […] [Read More]

Ally Financial recently recognized its top performing auctions for 2015. Awards were given to auctions around the country for performance, leadership and growth throughout the year. “The Ally team appreciates the effort and support provided by all of our auctions, without which we could not be successful. We are pleased to congratulate this year’s winners, […] [Read More]

You’re a publicly traded company that owns the second-largest auto auction chain in the country. Your portfolio also includes a suite of dealer- and auction-based technology and digital offerings that certainly enhance the brick-and-mortar experience or could be considered an alternative to it. So, what do you do? You make acquisitions and investments in both. […] [Read More]

Santander Consumer USA recently gave awards to 10 different auction locations when the consignor honored them for the wholesale work performed not only for SCUSA, but Chrysler Capital as well. Taking the accolades as both Santander Consumer USA Auction of the Year as well as Chrysler Capital Auction of the Year was Manheim North Carolina. […] [Read More]

Black Book reached a partnership to become the exclusive provider of vehicle valuation data for Auction Simplified, a custom online auction service for individual dealers. When making the announcement on Wednesday, Black Book highlighted wholesale vehicle buyers and sellers accessing Auction Simplified dealer auctions now can receive access to instant vehicle valuation data powered by […] [Read More]

The other day, I saw an interview between “The Late Show” host Stephen Colbert and Nick Offerman (who will always be “Ron Swanson” in my mind). They talked glowingly about the term “gumption,” even invoking a tale of self-starter Teddy Roosevelt, the former U.S. president who arguably was the embodiment of a can-do, take-charge attitude. […] [Read More]

In what we’re proud to call an annual tradition, Auto Remarketing publishes a special issue to recognize the leading women of the remarketing and used-car business: our Women in Remarketing issue.  Each of the leaders honored in our Women in Remarketing program takes on different responsibilities within the industry, and the companies they represent encompass […] [Read More]

Perhaps the sprouts of a springtime wholesale price rise now really are starting to germinate. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by vehicle model class, used-car prices in March averaged $10,815. The figure represented a 6.0-perent increase compared to February and a 1.7-percent uptick relative to March of last year.  Continuing a now-familiar […] [Read More]