Wholesale

In a used-vehicle market that slowed moderately in September but is still rather steady, NADA Used Car Guide found that several truck segments were relatively healthy. For instance, looking at the two- to five-year-old segments, executive automotive analyst Jonathan Banks said the values of large and midsize pickups  fell roughly 1.5 percent month-over-month, on average, […] [Read More]

The Auto Remarketing Forum Series has announced that early registration for the 2010 National Remarketing Conference, which will feature some of the top names in the remarketing and used-vehicle industry, will end Friday.   The event will be held in San Diego Nov. 10-12,   Attendees who register for NRC, presented by SmartAuction, before the […] [Read More]

Along with delving into the usual discussion about the wholesale market and the Manheim Used Vehicle Value Index, Tom Webb stressed how fertile the used-vehicle retail business is for dealers nowadays — especially in light of a wobbly national economy. “As many of you know, my overall interpretation of the economic environment has been rather […] [Read More]

The International Automotive Remarketers Alliance recently welcomed another member. Deciding to join the organization is Remarketing of America, a provider of repossession, remarketing and asset recovery services for loan servicing companies, finance companies and insurance companies. Officials noted ROA’s management team is composed of individuals with a total of more than 100 years of financial […] [Read More]

Lexus announced it has brought in DataScan Field Services to conduct pre-delivery service and certified pre-owned compliance inspections, with the goal of making sure its dealers across the country are up to speed when it comes to PDS program standards and certified vehicle eligibility. All 228 Lexus stores throughout the nation will have a DataScan field […] [Read More]

Black Book’s staff watched the calendar quickly approach October, wondering when typical fall wholesale market conditions would appear. As managing editor Ricky Beggs indicated during his latest “Beggs on the Used Car Market” video report, those conditions might have finally arrived. Last week, Black Book made the most adjustments since the week that ended March […] [Read More]

The Internet continues to grow as an important marketplace for used vehicles for both buyers and sellers. Remarketers and dealers alike are finding new ways to maximize the effectiveness of the online space, and they’ll share those insights with attendees at the 2010 National Remarketing Conference, Nov. 10-12 in San Diego. During the iRemarketing 2010 […] [Read More]

The saga continues in the battle between two rental-car rivals to acquire Dollar Thrifty Automotive Group. In the latest turn of events, Avis Budget Group announced Thursday the cash portion of its offer to buy Dollar Thrifty has now been boosted by more than $5 a share. The company said it could sweeten the pot even […] [Read More]

ADESA Analytical Services believes both consumers and dealers may be “pushing back” on what they view as high used-vehicle prices at the retail and wholesale level. Why? ADESA’s Tom Kontos attributed the likelihood to trends he shared in previous monthly reports, too. “New-vehicle sales may be benefiting from high used-vehicle prices — both from substitution […] [Read More]

Along with some website modifications, the Hertz Rent2Buy program expanded to incorporate four more states late last week, bringing the total number of locations to 22 states nationwide. States that now offer Hertz Rent2Buy are Minnesota, Nevada, Oklahoma and Oregon. The program already was in operation in Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Hawaii, […] [Read More]