Changing up the car buying experience a bit, Edmunds.com will be setting up shop at a St. Louis dealership as Bommarito Nissan / Honda / Volkswagen / Ford of Hazelwood allows the site to “take over” its showrooms.  During this event — scheduled for Friday through Monday — every new car will be available at […] [Read More]

During the Owners’ Business Meeting earlier this month bringing together the owners of the 32 ServNet auctions, the members of ServNet confirmed their planned leadership transition. Patty Stanley — the co-owner of Carolina Auto Auction and Indiana Auto Auction — takes on the role of ServNet president for the next two years. This meeting was […] [Read More]

Enterprise Holdings, which operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, has announced 16 auto auction houses as winners in its annual Auction Achievement Awards. The awards are given for outstanding performance in the areas of strategic planning, communication, operational success, customer service, marketing and reconditioning. “Our auto remarketing strategies […] [Read More]

Auto Remarketing announced this morning its first-ever National Remarketing Executive of the Year, presented by ServNet, and earning this inaugural distinction is Dan Kennedy, manager of GM Remarketing. [Read More]

Though the end of summer brought a respite from the spiking wholesale prices that dealers have suffered all year, it seems rates are on the upswing once again.   According to ScotiaBank’s Global Auto Report, Canadian used-car prices “picked up” in early October. The report also shared some factors behind the price increases, that may […] [Read More]

The amount of vehicles from the 2013 model-year that entered the auction market last month climbed 24 percent, according to NADA Used Car Guide, which said this led to a slight increase in overall AuctionNet transactions for September. Specifically, the AuctionNet auction volume for 2013 model-year vehicles was at 37,095 units for the four-week period […] [Read More]

Manheim’s Tom Webb looked to ease remarketing executives who might be anxious about how complicated their jobs could become as off-lease volume surges next year and beyond by saying this: it’s not 2002. Webb pointed to a host of reasons why the remarketing divisions of captive and commercial lessors are in much better shape to […] [Read More]

It seems seasonality that normally pushes higher price declines in the lanes  had not come into play this past month. According to Black Book date, used vehicles from model years 2008-2012 depreciated an average of 1.3 percent in September, making no change from August’s rate of decline.   [Read More]

Cars might just be catching up with trucks when it comes to retention rates is the latest data from Black Book is any indicator. Black Book’s Ricky Beggs said one of the most interesting trends seen in the lanes last week was that the mix of price increases was greater for cars than trucks, contrary […] [Read More]

New-vehicle inventories again had a direct impact on wholesale prices, according to Tom Webb’s analysis after sharing the latest Manheim Used Vehicle Value Index reading. Manheim indicated wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose for the fourth consecutive month in September, pushing the index to 122.8, which represents an increase […] [Read More]