It’s not uncommon for conference attendees to make travel plans for their arrival and departure to be scheduled as close to the event’s start and finish as possible. Tony Long, executive director of the International Automotive Remarketers Alliance, suggests that executives and managers from auctions, consignors, finance companies and dealerships use a different approach for […] [Read More]

The Charleston Auto Auction presented the Berkeley County Habitat for Humanity with a $5,000 check on Aug. 1 along with a commitment to assist in building a house. The check was given in the company of 500 dealers present prior to the start of the business’ weekly Friday auction. Laura Taylor, the general manager of […] [Read More]

Trucks have held strong price retention throughout 2014, and Black Book’s Ricky Beggs says overall consistency remains a pattern in segment price trends. In the Black Book editorial director’s latest “Beggs on the Used Car Market” video, he reports that last week the prices for trucks fell by an average of $49, or 0.31 percent, […] [Read More]

KAR Auction Services already shelled out $30 million to acquire a 50-percent stake in online vehicle remarketing system, TradeRev. And investment analysts wondered if KAR is ready to bring out the company checkbook or credit card again to buy the remainder of Toronto-based wholesale solution firm or another company outside of its current portfolio of […] [Read More]

Wholesale price drops steepened in July, falling by over 1 percent as we head toward fall. According to Black Book data, used-vehicle prices for model-years 2009 through 2013 depreciated by 1.5 percent in July. In comparison, prices in June fell by 1 percent on a monthly basis, according to Black Book. And each of the 24 […] [Read More]

DealersLink recently partnered with Fox Rent A Car to offer direct access to off-lease inventory, meaning members of DealersLink can now tap straight into to Fox’s pre-auction inventory streams.  Executives also highlighted DealersLink members can receive preferred pricing from Fox Rent A Car. Members also can obtain the most current nationwide inventory list — which is updated hourly […] [Read More]

Continuing a flurry of significant industry moves, KAR Auction Services announced Tuesday that its business unit ADESA has acquired a 50-percent stake in Toronto-based Nth Gen Software and its online vehicle remarketing system, TradeRev. KAR officials indicated the total purchase price for the transaction is approximately $30 million in cash. ADESA also announced that it […] [Read More]

As used-car supply continues to increase, consequently, used-car prices are slumping. The seasonal summer slowdown continues to push prices down, and RVI Group reported late last week it expects used prices to drop by 10 percent by 2019. When describing last week’s auction price movement, Black Book’s Ricky Beggs said the only difference from previous weeks […] [Read More]

Though the temperature may be rising as we head into the last month of summer, auction prices seem to be dropping on a weekly basis. According to NADA’s AuctionNet data, prices are expected to drop by 0.3 percent, or $50, this week. The losses will be led by the luxury car segment, NADA automotive analyst […] [Read More]

Elcometer, an inspection equipment provider to the coatings industry, has worked in the remarketing space for about two decades, and its history in the auto manufacturing industry dates back even further. And now, the company is going even deeper into remarketing. Elcometer will soon be launching a proprietary inspection tool for appraisers, buyers, finance companies […] [Read More]