LeasePlan Corp. — the European parent company of LeasePlan USA — announced on Thursday that it’s being acquired by a consortium of long-term investors. Officials said the total value of the transaction amounts to about 3.7 billion Euros. They added the consortium plans to maintain LeasePlan’s diversified funding strategy going forward, supported by its investment grade […] [Read More]

As Music City Auto Auction of Nashville added another commercial consignor to its lineup, Plaza Auto Auction of Iowa is preparing for its 52nd anniversary celebration in August with the introduction of Edge Simulcast to its weekly sale events. Owner Mark Greb explained Plaza AA launched Simulcast selling earlier this month on all five lanes, […] [Read More]

The Appraisal Lane (TAL), a trade network and communications platform for used-vehicle dealers, announced Tuesday it has hired TrueCar’s former vice president of dealer development. Taking on the position of vice president of sales for TAL is Kenneth Potter, bringing experience from a variety of other well-known organizations, including positions such as the general manager […] [Read More]

Last week in the lanes brought with it price declines for all of the car segments, while once again pickup trucks held their value — a trend that has been witnessed for most of 2015. “Car segment values continue to decline at a steady pace while most pickup and SUV truck segments enjoy strong retention,” […] [Read More]

Hertz Global Holdings spent much its most recent financial performance report highlighting that the company is now up to date on all of its filings with the Securities and Exchange Commission. But Hertz also touched on its fleet plans on Friday, sharing a breakdown of how it is disposing of units as well as the […] [Read More]

As used prices fell 2.5 percent last month, auction volume was on the way up, perhaps playing a role in the continuing depreciation being seen in the auction lanes. According to the latest Guidelines report from NADA Used Car Guide, auction volumes of used cars up to 8 years old reached almost 317,000 units in […] [Read More]

Ricky Beggs, formerly the senior vice president at Black Book, was recently named to the  National Independent Automobile Dealers Association’s Ring of Honor. NIADA awards this honor each year to an executive demonstrating outstanding performance and leadership, while also helping the auto industry grow. Beggs retired in April after 34 years with Black Book. One […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Nate Lattimer, vice president of remarketing, sales and operations at Enterprise […] [Read More]

Not surprisingly, used-vehicle depreciation slowed a bit last month, after May’s market correction stemming from tax season highs. And with relatively stable depreciation predicted for the rest of 2015, NADA Used Car Guide explained that strong prices for trucks are making up for weaker rates in among the car segments. According to the latest Guidelines report […] [Read More]

Though during the first week of the month, the tides turned as trucks experienced larger auction price declines than cars, business was back to a “summer normal” last week. According to the latest Black Book Market Insights report, trucks remained ahead of the game in the lanes last week as most car values declined. “After an […] [Read More]