November data compiled by the National Auto Auction Association showed average prices dipped both year-over-year and year-to-date for 2012. NAAA economist Ira Silver determined that November prices softened by 3.0 percent compared to the same month a year earlier. Through the first 11 months of 2012, prices ticked 1.8 percent lower. Moving to a look […] [Read More]

Though he doesn’t expect Avis Budget Group buying Zipcar to have much of any real impact on used-vehicle values — especially on a short-term basis — Black Book’s Ricky Beggs says there’s an interesting remarketing opportunity that can be spun from the transaction. [Read More]

Along with offering his thoughts on what this year might hold, Black Book’s Ricky Beggs didn’t use the term “normal” to describe the closing of 2012. In his first online video analysis of 2013, Beggs told dealers that “throughout these party-filled holidays and a couple of slightly shortened work weeks, I must tell you that […] [Read More]

Toyota made headlines again as 2012 closed, agreeing to pay $1.1 billion to resolve economic loss litigation in the U.S. stemming from the major recalls centered on unintended acceleration. However, when Auto Remarketing contacted several analysts Wednesday to get their assessment of what the development might do to the brand’s used-vehicle standing, the responses all […] [Read More]

As 2013 gets underway, used-car sales are coming off of an impressive end to the year, and new-car sales are up, as well. And though sales numbers are high and morale is up, many dealers are still concerned about how the pre-owned inventory situation will play out this year. Used inventory has been tight for […] [Read More]

When the American Auto Auction Group got started in Charleston, S.C., around three years ago, its goal from the outset was to create a coast-to-coast nationwide network of independent auctions. Having dug its roots on the East Coast, the group wanted to find a foothold towards the Pacific end of the country. That’s when George […] [Read More]

Just before the holidays, Dealers Auto Auction of the Southwest rolled out 360 Service, an exclusive customer service program than can help dealers manage their auction consignment more effectively. Auction vice president Jim DesRochers explained how it works. [Read More]

As we approach the holidays, it seems used-car shoppers may have been more focused on Christmas gifts than vehicle shopping. Edmunds.com is estimating December’s used-car sales will amount to 2.71 million, for a seasonally adjusted annualized rate of 29.6 million. This is compared to 2.77 million, or a SAAR of 38.7 million, used-car sales in […] [Read More]

Manheim shifted Jay Cadigan into a new executive role on Wednesday. To advance its business goals, continue to build relations with industry partners and develop strategies that further the remarketing industry, Manheim named Cadigan vice president of industry relations. In this new role, Cadigan will report to Joe George, senior vice president of product development. […] [Read More]

Manheim met with 30 independent auctions last month during the National Remarketing Conference in Scottsdale, Ariz., to discuss some of the changing dynamics of the business, including recently released industry tools. In discussing one of those solutions, the new AutoIMS Hub from Auto Auction Services Corp., the group came to a “universal consensus” that quick […] [Read More]