Within the past year, Kelley Blue Book noticed auction values for late-model Honda Civic Hybrids have declined at a faster pace than their non-hybrid counterparts. The result of this faster depreciation is now a larger number of the Honda Civic Hybrid variants are cheaper to own. Analysts made that assertion in KBB’s September Blue Book […] [Read More]

Hertz Global Holdings announced this week that its wholly owned subsidiary, Donlen Corp., successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going forward. In connection with the establishment of the new financing platform, Hertz Fleet Lease Funding — a wholly owned special purpose subsidiary of […] [Read More]

Though showing some seasonal softness, the first week of fall didn't bring too many changes the way of auction prices, as according to Black Book’s Ricky Beggs, the average segment price change for both cars and trucks saw smaller declining levels than the prior week. Last week, the overall average segment change was a drop […] [Read More]

Auto Remarketing is hosting the founder of vAuto’s AuctionGenius for a free webinar titled, “The Art & Science of Acquiring Used Vehicles.” Todd Kinzle, the founder and director of operations at vAuto Genius Labs, will conduct this free session beginning at 2 p.m. ET on Thursday. Kinzle plans to focus on four points during his […] [Read More]

Cooler air so far means softening prices in the lanes, according to John Brasher, in his Brasher’s Sacramento post-auction report for Tuesday. Over the past few weeks, he says all segments have been affected by a softening that, “Frankly, I think was overdue. “This summer the market seemed to get stronger and stronger; we saw […] [Read More]

LeasePlan USA announced this week the expansion of its sales team. Tasked with the responsibility of generating new business relationships for LeasePlan while delivering on the brand promise of “it's easier to Leaseplan,” are Bob Barna, sales vice president of strategic accounts, and Steve Arkon, sales vice president of national accounts. Barna brings a diverse […] [Read More]

With the collector car industry booming, Barrett-Jackson announced this week that the company has sold out of consignments for its Las Vegas auction, which is taking place at Mandalay Bay Resort & Casino today through Saturday. Company officials highlighted this sale will be the largest Las Vegas auction in their history with nearly 700 incredible […] [Read More]

With lease penetration rates on new-vehicle sales reaching new highs, an industry observer mentioned to Manheim chief economist that some analysts have expressed concern and say that leasing is being used to boost sales artificially. Webb replied to that inquiry while also answering whether there is a “natural” lease penetration rate that, if exceeded, hurts […] [Read More]

Hands-on training in the remarketing industry was on the agenda as members of continuing education program Auction Academy met for their latest session, held in Dallas. Members of the Next Generation/Sons and Daughters Group, the Academy’s inaugural class, convened in August for a training session held in cooperation and conjunction with the International Automotive Remarketers […] [Read More]

Late Monday, Hertz Global Holdings announced that senior executive vice president and chief financial officer Elyse Douglas decided to step down from her current role for personal reasons. The move is effective as of Oct. 1, but the company said Douglas will stay with Hertz through Dec. 31 to help to complete several strategic projects […] [Read More]