Earlier this week, NADA Used Car Guide predicted that luxury used-vehicle prices would increase nearly 2 percent this year. In talking with Auto Remarketing on Thursday afternoon, Black Book managing editor Ricky Beggs offered a different perspective. He believes luxury used-vehicle prices will actually decrease significantly. [Read More]

It was announced earlier this week that Porsche Cars Canada Ltd. is now a member of the International Automotive Remarketers Alliance. As many may know, IARA is a nonprofit organization of remarketing professionals founded in 2001 whose mission is “the continuous improvement of the vehicle remarketing industry.” With the addition of Porsche Cars Canada, the […] [Read More]

The auction values of late-model used vehicles are down about 4 percent year-over-year, Kelley Blue Book’s Alec Gutierrez told Auto Remarketing on Wednesday afternoon, also pointing out that this marks the first time since 2009 that a softening has occurred. Lower prices in the used market come in the wake of softer new-vehicle prices and […] [Read More]

As its inaugural class readies for a second training session, Auction Academy officials have announced the program’s expansion to include additional auction and finance personnel. Auction Academy chief operating officer Randall McCathren said that while the first Auction Academy group was specifically geared toward the sons and daughters of independent auto auction operators and related […] [Read More]

CNW Research acknowledged that hanging onto service business has become tougher for franchised dealers because of outside competitors like tire and quick-lube shops. But CNW president Art Spinella believes dealers have held their own in recent years by offering name-brand tires, special oil change and lube coupons and “drop in” lanes where technicians are paid […] [Read More]

In the midst of a busy week, Black Book’s editorial team picked up on an unexpected trend when discussing the wholesale market with a commercial account representative. Managing editor Ricky Beggs indicated that he and the rest of the Black Book team continue to see an increasing level of no sales, overall. “But not every […] [Read More]

Charleston Auto Auction announced that it celebrated a consingment record for institutional accounts at its recent 9th Annual Luau/Pig Pickin’ & Car Sale. Additionally, there were more than 650 dealers on hand and more than 1,400 units up for sale. The event also included over $35,000 in cash and prizes, and attendees were treated to […] [Read More]

The ServNet Auction Group recently kicked off its lineup of summer promotions with the Smoker Sale at Brasher’s Idaho Auto Auction and plans to keep things rolling with a trio of music-themed event. Next month, DAA Northwest — located in Spokane, Wash. —  hosts its annual Rock and Roll Sale, which will feature British-American rock […] [Read More]

Given the trickle-down effect of a hot new-car market, Black Book is predicting that an additional 900,000 used vehicles will hit the market in 2012, calling this massive influx a “glaring reason” for the drop in used prices that has begun. What’s more, if the new-car market gets even hotter in 2013, look for used […] [Read More]

If you think about it, fleet management companies and individual fleet managers seldom see the vehicles that those of us in remarketing focus on every day. The process is fairly formulaic: A dealer delivers the new unit to a driver; we arrange the pick-up of the old vehicle either from the dealer, a remote company […] [Read More]