Due largely to the impact of Hurricane Sandy, used-vehicle prices fell only 1 percent month-over-month in November, according to the latest Guidelines report from NADA Used Car Guide, which said that December pricing should behave similarly before a modest turnaround to begin 2013. [Read More]

Many factors point to expanded used inventory for dealers in 2013, and as off-lease vehicle volume is predicted to grow this coming year, stores may find it easier to secure quality, used vehicles. And this may be particularly good news for your certified pre-owned department, says Black Book managing editor Ricky Beggs. In fact, Black […] [Read More]

Continuing their rounds across the country, the leadership of the National Auto Auction Association stopped by the offices of Auto Remarketing parent company Cherokee Automotive Group on Tuesday.  NAAA president Paul Lips was joined by chief executive officer Frank Hackett and president-elect Jack Neshe at the Cary, N.C., offices of CAG. The association’s leaders have […] [Read More]

Auto Remarketing learned this morning that Auto Auction Services Corp. president and chief executive officer Don Meadows has passed away. Meadows, who was one of the original founders of AutoIMS, died Monday morning. A statement from AASC was released today with the news of his passing. “An exemplary family man and charismatic leader, Don’s legacy […] [Read More]

It seems spring is coming early in the lanes, and  wholesale prices are not in line with the season, says Black Book’s Ricky Beggs. In fact, last week 31 percent of the segments tracked by Black Book saw positive price adjustments (to the previously published value) in each of the past three weeks “This level […] [Read More]

Wholesale values appear to be moving in patterns that are not very fall-like, as the latest “Beggs on the Used Car Market” video report indicates. And to see how this national trend has played out in a local market, one only needs to look at the area around California’s capital. At Brasher’s Sacramento Auto Auction, […] [Read More]

Hurricane Sandy impacted yet another wholesale market indicator; this time the Manheim Used Vehicle Value Index. Manheim’s Tom Webb determined wholesale prices on a mix-, mileage- and seasonally adjusted basis rose by 0.6 percent in November. But without the seasonal adjustment, prices were unchanged. As a result, the Manheim Index reading for November stood at […] [Read More]

National Auto Auction Association president Paul Lips will head a webinar panel discussion today examining arbitration policy changes adopted by the NAAA Board of Directors this year. The webinar, titled Arbitration Policy: A Year in Review, is scheduled for today at 2 p.m. EST, and is free to NAAA members.   Lips also serves as […] [Read More]

Given the vehicle damage or complete destruction brougt on by Hurricane Sandy, hundreds of thousands of people looking to replace their rides. It was believed that used-car demand would rise given the storm’s destructive path, and according to Black Book, that very trend has already surfaced and impacted the wholesale side of things. The firm […] [Read More]

GE Capital Fleet Services announced its 2012 GE Imagination @ Work Awards last week during the company’s strategic planning meetings in South Barrington, Ill. The company handed out 16 different honors, spotlighting auctions and industry leaders across the country. One of the highlights was the National Gold Award, which is awarded to the auction that […] [Read More]