The nation’s first auto auction is celebrating its fifth time taking home GM Financial’s top auction award. As part of the lender’s annual nationwide Auction of Excellence program, Rawls Auto Auction was named the 2013 Auction of the Year. GM Financial reviewed its 44 participating auctions for their performance in areas including customer service, marketing […] [Read More]

Used-car prices began falling as the year began, bringing a taste of what is expected to be the annual trend after dealers wade through tax season price hikes at auction. According to the latest RVI Market Update, wholesale prices for 2- to 5-year-old vehicles fell by 4.1 percent in January when compared to December. That […] [Read More]

“Tax season has appeared,” says Black Book’s Ricky Beggs. But it’s not only the arrival of W-2s and tax returns that indicates such an arrival — the proof is in the auction lanes, as well. Beggs said the season “finally raised its head this past week, causing more aggressive bidding for some vehicles in some […] [Read More]

Dealers now have another exclusive, direct avenue for acquiring used inventory, thanks to a new used-car sales program announced by Avis Budget Group. The company introduced Avis Direct, which provides a dedicated website and gives dealers a means to purchase from a wide array of late-model, off-rental units from the Avis, Budget, Payless and Zipcar […] [Read More]

After learning of the new live online auction recently launched by Infiniti Financial Services, Auto Remarketing caught up with IFS director of remarketing Kevin Cullum to talk about the impetus behind the program and how it benefits the manufacturer and its dealers, as well as the role of upstream and online remarketing. As reported by Auto […] [Read More]

Manheim has built a new enterprise software business called Global Remarketing Management System that serves as a digital suite of remarketing management tools, the company announced Friday. It will be led by Nick Peluso, who will head up the new venture and become president of Global RMS on April 1. Peluso is currently senior vice […] [Read More]

Westlake Financial Services announced its 2013 Auction of the Year, an award given for sales effectiveness and service quality.  Earning the title this year is Kansas City Independent Auto Auction. “Kansas City Independent has been a reliable performer throughout the year, topping our rankings for the second, third and fourth quarters,” said Bill Walters, vice […] [Read More]

FLD Inc. has chosen an industry veteran with over 20 years of experience as its new senior marketing analyst. Picked for the position is Bill Bishop. Bishop touts over 22 years of experience in the medium, heavy truck and automotive industries, FLD reported. Prior to joining FLD, Bishop worked with the KAR Auction Services Group, […] [Read More]

Snow and ice have cast a big swath across the U.S. this winter. This inclement weather has served in part to keep truck and SUV prices high at auction, along with low prices at the pump. With an average of 1,864 vehicle prices adjusted per day last week in the lanes, Black Book’s Ricky Beggs […] [Read More]

Louisiana’s 1st Choice Auto Auction will celebrate what’s arguably the state’s biggest holiday with its second annual Rockin’ Mardi Gras Party and Sale next week. The two-day event, which will take place Monday and Tuesday, will include all the sights, music and food of Mardi Gras plus a 1,000-unit sale. It’s expected that buyers and […] [Read More]