Black Book highlighted two-year-old vehicles posting the top retention values. On this list of 18 models, Toyota secured the top three spots with the 2011 Tacoma Double Cab retaining 88.4 percent of its original value after two years on the road. The Toyota 4Runner came in second on the list with 80.9 percent retention, and […] [Read More]

A possible catalyst for the off-rental wholesale churn, Hertz Corp. and AAA expanded their ongoing exclusive partnership to provide both Dollar Rent A Car and Thrifty Car Rental rentals to AAA's more than 53 million members. As part of the agreement, officials highlighted AAA members will now receive a discount on value brands Dollar and […] [Read More]

BSC America recently announced that its Bel Air Auto Auction has opened a new marshalling facility in Belcamp, Md., which is 11 miles from the auction’s main campus. The marshalling facility includes 14 paved and fenced acres and features three offices and five bays. It can accommodate 2,500 vehicles. [Read More]

Why should a dealer read this? Recent events in North Carolina concerning retail dealers going out of trust with their floor plan providers should remind dealers that there is a severe limit on secure methods of wholesaling a vehicle to another dealer. With very few exceptions, in wholesale transactions, the State of North Carolina will […] [Read More]

Provider of vehicle leasing and fleet management solutions LeasePlace USA announced last week it has been named a No. 1 workplace by the Atlanta Journal-Constitution. This is the second time the Atlanta-based company has received this award in the mid-size company category. “Being recognized as the number one mid-size company, exemplifies the passion, expertise, respect […] [Read More]

More than six months after Superstorm Sandy hit, KAR Auction Services chief executive officer Jim Hallett said the company is closer to purging its system and balance sheet of thousands of damaged vehicles. During Thursday’s conference call with investment analysts, Hallett reiterated what the company reported in its first-quarter financial statement — the backlog of […] [Read More]

KAR Auction Services reported its first-quarter financial results late on Wednesday, highlighting rises in revenue, adjusted EBITDA and net income as well as the impact of Superstorm Sandy on the performance. The company’s revenue during the span ending March 31 came in at $557.6 million, marking a 10-percent increase compared to the first quarter of […] [Read More]

Some dealers might think Bill Simmons, general manager of Haley Toyota Certified in Richmond, Va., is getting ahead of himself with his used vehicles. The reason: Simmons doesn’t wait until cars arrive at his dealership from the auction to get them online. Most Friday nights, he’s working past 11 p.m. to cull photos and create […] [Read More]

Interestingly, though many dealers have voiced concern over the lack of off-rental supply flowing through the lanes during the past few years, Black Book’s Ricky Beggs explained that buyers are showing “hesitant interest” when it comes to rental cars at auction. Though overall, comments from Black Book survey personnel indicated a “more stable market in […] [Read More]

Just after Auto Remarketing recognized the contributions of women within the auto industry in its April 15–30 issue, a female auctioneer is being hailed as unique in the wholesale side of the business. Becky Tarlton, whose story was recently published in the Salisbury Post, is licensed as an auctioneer in North and South Carolina and […] [Read More]