Car values declined at a normal seasonal pace last week, while pickup trucks continued to hold their value. But one segment that has been stable for most of the year is beginning to see prices drop a bit more in the lanes: SUVs. Anil Goyal, vice president of automotive valuation and analytics at Black Book, […] [Read More]

During an interview at last month’s NAAA Convention, Shane O’Dell outlined the process a buying dealer traditionally goes through to turn a wholesale purchase into a retail-ready car. After making the purchase, the dealer has to pick the car up or have it transported to his or her store. Then, it’s time for an inspection […] [Read More]

KAR Auction Services has hired former Hyundai Capital America executive Amy Bouck as executive sales director of ADESA. Bouck, who is a 2015 Women in Remarketing honoree, will manage several major national sales accounts, both at ADESA physical auctions and within the online space, the company said.  She will report to vice president of sales […] [Read More]

The auction lanes are showing some interesting trends when it comes to price movement, including increasingly sharp depreciation for certain Volkswagen diesel models in light of the ongoing emissions scandal, and a shifting truck market. The latest Black Book Market Insights report took a look, in particular, at two movements in the market: the depreciation […] [Read More]

Are you an attendee, exhibitor or sponsor at Used Car Week? It’s a strong likelihood your competitor is, at least judging by the lists below. And it might be that someone you might benefit from doing business with could be on one of these lists. So, if you’re not, you could be missing out. Used Car […] [Read More]

You never know who you might meet in the remarketing industry. You might be at an NAAA Convention, and end up talking baseball with Lou Piniella. (Wonder if he will cheer for Cubs in the NLCS?) Or, you might be at that same convention and catch a lively discussion between auction executives and political stalwarts/ D.C. […] [Read More]

Hertz Global Holdings Inc. announced Wednesday it appointed a new executive vice president and chief marketing officer. Chosen for the role is Matthew Jauchius, who will now lead the company’s marketing strategy for the Hertz, Dollar, Thrifty and Firefly brands, including customer experience, e-commerce, loyalty program, customer relationship management, social media and ancillary revenue generation […] [Read More]

Amid the evolving diesel emissions scandal involving Volkswagen’s TDI models, many analysts are watching the situation closely for any dramatic shifts in these models' residuals and sales. In other words, what impact will the alleged “defeat device” software and the resulting firestorm from regulators and the EPA have on consumer and dealer interest in the […] [Read More]

Though this trend has probably been on your radar for a while now, this statistic really drives the point home. In September, some truck segments showed a smaller year-to-date depreciation rate than the hit cars took in just a month. Black Book offered this comparison in its breakdown of September price movement for model years […] [Read More]

Wholesale prices didn’t move much in September, and trends seen throughout the course of the year continued to prove true this past month. The monthly analysis of wholesale prices by  ADESA Analytical Services indicates that used rates were “relatively flat” in September, as car prices continued to fall and truck prices were on the way up in light […] [Read More]