Pushed by the Canadian dollar hitting its weakest level against the U.S. dollar in more than a year and gas prices reaching a seven-month low, wholesale values in Canada moved upward in October on both a year-over-year and month-over-month basis, according to the RVI Group. The RVI Used Car Price Index for Canada last month […] [Read More]

Though the low auction volumes and economic backdrop certainly played a big role in the discussions at the National Remarketing Conference, the larger picture taking shape at this year’s event is an industry that is stronger, more nimble and tackling the challenges with enthusiasm and creativity. [Read More]

In a special ceremony Thursday, nine of this year’s 10-member Women in Remarketing class were on hand to accept their awards. Allison Weller, of RemarketingEdge, which sponsored the ceremony, spent some time asking these women to share some of their secrets. [Read More]

Wholesale prices “remained true to typical October form”  last month, analysts with NADA Used Car Guide said when pinpointing the average decline for the month. They explained that October values for vehicles up to five years in age fell by an average of 2.5 percent relative to September. NADA UCG shared this data in the […] [Read More]

With the Re3 conference taking place today, Ally Financial’s SmartAuction teamed up with Renovo Services to announce that they have started selling repossessed vehicles directly from secured storage facilities throughout the country. ReposDirect.com, a Renovo company, will utilize SmartAuction as a resource for lenders to sell vehicles more quickly, more economically and with less risk […] [Read More]

Along with explaining its analysis in proper context of the current wholesale landscape, Kelley Blue Book has revealed its annual Best Resale Value Awards. In an exclusive with Auto Remarketing, KBB director of residual consulting Eric Ibara declared that this year’s best resale brand award went to Toyota for the second time, giving the Japanese […] [Read More]

The wholesale market showed double-digit growth on a year-over-year basis in October, but it was rather flat compared to September, according to the latest RVI Market Update released Tuesday. Overall, the RVI Used Car Price Index for the month was 1.415, up 12.6 percent year-over-year and 0.8 percent month-over-month. Breaking RVI’s data down further, used […] [Read More]

Japanese brands once again led the way in ALG’s 13th Annual Residual Value Awards, thanks largely to a mixture of strong consumer perception and loyalty, as well as low incentive spending and rental penetration, ALG’s Eric Lyman told Auto Remarketing in a recent interview. The awards were released today and claiming the top spot on […] [Read More]

Along with details about what’s new with the company’s smartphone apps, Black Book’s Ricky Beggs gave dealers some guidance as Thanksgiving quickly approaches. Beggs’ advice stemmed from Black Book editors discovering last week’s overall wholesale price change was a larger decline week-over-week. “But there were still 24 percent of the adjustments requiring raises in values, […] [Read More]

A white paper now available on StopCurbstoning.com — the website that strives to educate dealers and consumers on how to spot and avoid a curbstoner — details a new strategy individuals are using to profit at the expense of an unsuspecting buyer. The document describes a different kind of curbstoner: rogue tow-truck operators running illicit […] [Read More]