Wholesale
NAAA Names Vice President
Tuesday, Oct. 9, 2012, 04:11 PM
Auto Remarketing Staff
The National Auto Auction Association has elected a vice president for the 2012–2013 term, and chosen for the post is Ellie Johnson. Johnson — the general manager of Manheim North Carolina in Kenly, N.C. — was elected at last week’s NAAA Conference. [Read More]
Beggs: Wholesale Prices See Overall Declines Similar to Last Year
Tuesday, Oct. 9, 2012, 06:00 AM
Sarah Rubenoff
Wholesale prices are looking quite similar to the market dealers experienced last year at this time, according to the latest "Beggs on the Used Car Market" video report. And most car and truck segments all saw mild declines. First, the car segments saw an average decline of $70 in the lanes last week, reported Ricky […] [Read More]
Auction Giants To Share 2013 Insights at NRC
Tuesday, Oct. 9, 2012, 05:59 AM
Auto Remarketing Staff
With the National Remarketing Conference starting in about five weeks, time is running out to register and book hotel rooms for the event, which will feature dynamic conversations with some of the industry’s leading executives. One such panel conversation will take place during the final session on the second day of the conference, Nov. 15. [Read More]
Kontos Spots Stability in Used-Vehicle Pricing
Tuesday, Oct. 9, 2012, 05:58 AM
Auto Remarketing Editor Joe Overby
For the wholesale market in September, the name of the game was stability. Not only were the month’s used-car prices essentially static from August, the year-over-year decline slowed “considerably,” said ADESA’s Tom Kontos. Overall, the average wholesale price during September was $9,550, according to the latest report from ADESA Analytical Services. This marks a 0.3-percent […] [Read More]
Webb: Q3 Wholesale Price Movements Continue ‘Healthy Market Realignment’
Monday, Oct. 8, 2012, 08:00 AM
Nick Zulovich
After sharing where the Manheim Used Vehicle Value Index settled for September, chief economist Tom Webb explained what he called a “continued healthy market realignment,” which produced the steepest quarterly wholesale price drop since the close of 2008. During his quarterly conference call last Friday, Webb indicated that Manheim’s data showed wholesale prices softened by […] [Read More]
Manheim Rolls Out myMobileListing App for iPhone & iPad
Monday, Oct. 8, 2012, 07:58 AM
Auto Remarketing Staff
Manheim has announced the launch of a mobile application that gives dealers the ability to create listings straight from their lots. Dealers can tap into myMobileListing from their iPhone or iPad device, and use the app to list vehicles in the Manheim marketplace and disclose vehicle condition information. Through the app, dealers can also post […] [Read More]
Chase Cup Auction Winners Announced
Friday, Oct. 5, 2012, 01:02 PM
Auto Remarketing Staff
Chase Auto Finance recognized eight auctions on Thursday as the 2012 Chase Cup for Auction Excellence honorees were unveiled during the National Auto Auction Conference in Orlando, Fla. Winning the overall Chase Cup was ADESA Cincinnati-Dayton, which has claimed this honor for two straight years. The auction also took home the top award for the […] [Read More]
ABC & TD Auto Finance Reach Remarketing Deal
Friday, Oct. 5, 2012, 07:59 AM
Auto Remarketing Staff
The Auction Broadcasting Co. has reached a deal with TD Auto Finance to remarket the lender’s vehicles at the ABC St. Louis facility. ABC president Jason Hockett said, ““We are pleased to welcome TD Auto Finance and TD’s In Lane Edge program at ABC St. Louis. We have experienced significant growth at ABC St. Louis, […] [Read More]
Auction Edge Opens Floor Plan Management Platform to AFC
Friday, Oct. 5, 2012, 05:58 AM
Auto Remarketing Staff
As dealers continue to search for turn-ready inventory, Auction Edge announced this week that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize the floor planning of inventory through […] [Read More]
Allied Automotive and National Transport Announce New Savings Program, Routes
Friday, Oct. 5, 2012, 05:55 AM
Auto Remarketing Staff
From new routes to new savings programs, Allied Automotive Group and National Transport LLC each announced updates this week to the way they do business. Calling its initiative an industry first, Allied Automotive Group announced the Super-Saver Daily Specials program which offers auto shippers daily online access to numerous North American routes at reduced, all-inclusive […] [Read More]
X