Canadian customized lease management provider Jim Pattison Lease announced recently that it has bought the portfolio of Ontario-based Williamson Leasing. Calling Williamson Leasing a “service leader in the vehicle leasing market of Ontario for over 50 years,” officials said that Williamson employees Lisa Davis and James Fullerton will be brought on board the Jim Pattison […] [Read More]

During what was found to be a “mixed” month among various vehicle segments, the ADESA Canada Used Vehicle Price Index in April showed a modest month-over-month dip on a seasonally adjusted basis. More specifically, ADESA’s data — powered by ALG Canada — showed that the “index was down slightly from March” and indicated that wholesale […] [Read More]

Pushed in part by Canada’s new-vehicle sales kicking off 2012 with a bang, the country’s used-vehicle prices experienced a month-over-month dip in April,  according to analysis from the RVI Group. However, thanks to lower exchange rates and used supply trends, Canadian used values still increased more than 2 percent from a year ago, explained manager […] [Read More]

It was revealed to Auto Remarketing this week that Louisiana’s 1st Choice Auto Auction has promoted three management team members to new roles. Moving up to general manager from his auction manager position was Don Sistrunk, while Bridget Higginbotham was promoted from general sales manager to assistant general manager. The auction also promoted Matt Alombro […] [Read More]

To give its customers a little insight into its products as well as what’s in the cards for the future, Manheim hosted a two-day meeting earlier this month at the Ritz Carlton in Greensboro, Ga. The Client Advisory Board meeting, held on May 9–10, featured some of Manheim’s top executives, including Sandy Schwartz, president; Janet […] [Read More]

With the recent launch of the Consumer Financial Protection Bureau, cases dealing with dealership advertising and alleged sales fraud are popping up all over the country. And in one of the latest cases to hit the courtroom, a New Jersey dealership has been ordered to disclose damage to and prior use of the vehicles it […] [Read More]

After speaking with company leadership on Tuesday afternoon, Auto Remarketing has discovered further details about the emergence of Auction Edge, which has acquired Auction Pipeline as well as Auto Lookout, and apparently isn’t finished making waves. The company’s management includes top names in the auction business as well as former executives with Microsoft and Starbucks.  […] [Read More]

ADESA’s Tom Kontos discovered average wholesale used-vehicle prices in April remained near peak levels achieved during both the spring tax season last year and previously in 2010. According to ADESA Analytical Services monthly analysis of wholesale used-vehicle prices by vehicle model class, April wholesale prices averaged $10,577 — down 0.5 percent compared to March and […] [Read More]

Auction volume for luxury coupes surged last month, “saturating the used-car market” — as RVI Group’s Rene Abdalah put it — and leading to this segment being the only one to see a sequential decrease in prices during April. Specifically, luxury coupe values dipped 0.3 percent month-over-month, while all other segments either climbed in price […] [Read More]

Auto Remarketing has learned that Auction Pipeline was recently purchased by a new company with a slew of auction industry veterans as directors, including the current and former presidents of the National Auto Auction Association. According to a report Monday from GeekWire, Auction Pipeline was bought by Auction Edge, a new company headed by David […] [Read More]