NextGear Capital announced on Tuesday that the company moved its vice president of customer service over to be its vice president of operations and business development for the Western region of the United States. Now with oversight of the rapidly developing growth throughout the Western region is Randy Dohse. NextGear Capital chief operating officer Shane […] [Read More]

Strong prices for trucks in the lanes — or so the story goes for the  first half of 2013. But the tides have turned, with the past few weeks showing trucks having greater declining values than their smaller counterparts. Overall, last week’s market activity brough an average depreciation level for car and truck segments of 0.3 […] [Read More]

Through two separate campaigns, KAR Auction Services raised more than $69,000 in fundraisers associated with the American Diabetes Association and the National Independent Automobile Dealers Association Foundation. The company generated the larger of the two fundraising totals through the Indiana Tour de Cure, which resulted in a donation of more than $50,000. The Tour de […] [Read More]

Along with taking a longer look at employment data and trends, Manheim chief economist Tom Webb examined mileage changes by wholesale price tiers to find the weakest segment of the wholesale market in May relative to a year ago. Webb’s analysis determined vehicles in the $11,000 to $13,000 price range fell into that segment. “This […] [Read More]

Car prices in the lanes have experienced long-awaited declines this spring, making it easier for dealers to secure inventory as pre-owned supply continues to increase. But many dealers and buyers remain cautious, as prices have fluctuated over the past few years. That said, NADA’s Jonathan Banks provided some good news for dealers this week, noting […] [Read More]

SmartAuction, Ally Financial’s online used-vehicle auction, launched a mobile app designed utilizing dealer input. Users can now search for vehicles, communicate with sellers, negotiate pricing and make bids over Android and Apple-based smartphones. “By including dealers as part of the development team we were able to build an intuitive tool that enhances the SmartAuction online […] [Read More]

As auction volumes continue to decline, Canadian used-car prices saw a bit of an uptick this past month. Nominal used prices — which don’t  take MSRP inflation into account — saw a 0.5-percent monthly uptick in May and a year-over-year increase of 3.3 percent, according to the RVI Group’s RVI Risk Outlook for the second […] [Read More]

Used-car prices have been moving downward for the majority of 2013 — likely a welcome turn of events for many dealers looking to secure pre-owned inventory. After dealing with increasingly high prices the past few years as used supply remained low, dealerships may be finding some good news in what the RVI Risk Outlook released […] [Read More]

KCI Kansas City is preparing for its fifth annual Corn Roast Sale, and owners say with business on an upward trend, it could be the auction’s biggest sale ever. “As the Corn Roast Sale nears, we are anticipating an increase in fleet, lease and dealer consigned units,” said Doug Doll, co-owner of KCI Kansas City. […] [Read More]

Auto Remarketing Conferences announced today that SmartAuction has once again signed on as the presenting sponsor for the National Remarketing Conference. In addition, SmartAuction and Ally have signed on for a number of other sponsorships throughout the Used Car Week Conferences, including refreshment breaks at the Re3 Conference and the Women in Remarketing awards during […] [Read More]