Dealers who seek more details about the new online remarketing program recently launched by Hertz Corp. can meet with representatives during the upcoming National Automobile Dealers Association Convention and Expo. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; […] [Read More]

Chrome Systems recently announced that its automated mapping Web service solution, BookLink, has signed on another provider that joins NADA and Black Book. Brought in to BookLink was Kelley Blue Book. This allows BookLink customers to map between the data sets of Chrome and KBB in an efficient fashion. They don’t have to implement, host or update mapping tables […] [Read More]

Celebrating the rollout of El Paso Independent Auto Auction — which will host its first-ever sale tomorrow — the ServNet Auction Group has hit a new milestone for the number of facilities in its network. Thanks to the additions of EPI and Sparkling City Auto Auction of San Antonio — which hosted its inaugural sale […] [Read More]

A dealer who generally purchases numerous repossessed vehicles in the auction lanes has been witnessing a downswing in these volumes and asked  Manheim’s Tom Webb to explain the what is going on with these volumes. Normal 0 false false [Read More]

Frigid Canadian weather this winter has led to more than just mountains. The bitter conditions have had an impact on Canada’s used-car market at the start of 2011, as the frosty climate has chilled wholesale values, according to RVI Group. Specifically, Canadian used-car prices in the first two weeks of January were down 1.5 percent […] [Read More]

In the first three weeks of the new year, OPENLANE said its Certified Auction Partner program has continued to gain steam as it builds upon the progress made since its fourth-quarter 2009 roll-out. More than 45 auction partners have joined CAP following its launch and the company expects to see more expansion this year. OPENLANE […] [Read More]

On Tuesday, Hertz Corp. announced the launch of an online remarketing program that allows dealers to directly acquire high-quality rental units from the company. Hertz Dealer Direct is designed to offer these late-model units to dealers at “competitive prices” and doesn’t require a transaction fee. [Read More]

OPENLANE has teamed up with the National Independent Automobile Dealers Association for a new certified listing category within the online auction platform. Officials believe the new offering will help to boost confidence among wholesale buyers, lift the price and pace of vehicle sales at auction and help dealers fetch higher prices on the retail side. [Read More]

In what should be good news for dealers and auctions, the National Auto Auction Association discovered 2010 fourth-quarter volume jumped 1.4 percent compared to the year-ago quarter. NAAA economist Ira Silver said this rise marked the first year-over-year gain since the first quarter of 2008. However, one region fueled most of that fourth-quarter growth. The […] [Read More]

Canadian used-vehicle prices increased modestly on a sequential basis during December, according to the latest ADESA Canada Used Vehicle Price Index. However, most segments included in the data were said to be soft. Specifically, ADESA’s data — powered by ALG Canada — indicated that there was a 0.3-point upswing in the index for December compared to the prior […] [Read More]