Certified pre-owned vehicles sales reached a seventh straight record year by the slimmest of margins. According to Autodata Corp., there was an estimated 2,645,718 CPO vehicles sold in 2017, compared to 2,642,986 sold in 2016. That’s a gain of just 0.1 percent, but it was enough to bump certified sales to their best year on […] [Read More]

Connecting dealer and consumer. Facilitating the relationship. That’s what CarSquid is all about, says its chief operating officer Nicole Whittle. CarSquid, the COO told Auto Remarketing Canada, is an online wholesale auction app aimed at consumers. The app aims to provide consumers with “insider access to dealer inventory and pricing before they are offered to […] [Read More]

Two participants on the Federal Open Market Committee (FOMC) at the Federal Reserve see the target range for the federal funds rate surpassing 4 percent in 2020 with nine other policymakers anticipating that the reading hits at least 3 percent by the end of that year. While many economic and political circumstances could percolate by […] [Read More]

ServNet announced Wednesday that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in the southern part of the state, as well as the Louisville, Ky., market area. “I join with the owners of ServNet auctions across the […] [Read More]

Editor's note: This story was originally published on Jan. 3. Ken Osborn passed away the following week. Auto Remarketing sends its condolences to his family and ADESA team. An updated version of the story is below.  The night that Ken Osborn earned his bachelor’s degree in the early 1980s, he saw his mentor Richard Dupriest […] [Read More]

Black Book noticed that big crystal ball in Times Square wasn’t the only thing to make a noteworthy drop to wrap up 2017. This week's edition of the Black Book Market Insights revealed cars softening in value by a record 0.78 percent. Editors determined that midsize cars saw the highest depreciation with a 1.18-percent decrease in […] [Read More]

Before 2017 closed, Auction Management Solutions (AMS) announced that the firm partnered with Alliance Auto Auction for business development consulting. Adding this operation brings the firm’s client list to 22 total locations. “Adding a growing, vibrant family of Texas auctions to the AMS family only makes our entire organization stronger. We are very excited to […] [Read More]

Following Cyber Monday’s recent record-breaking sales, Aaron Krane at Drive Motors predicted online checkout could be a difference maker for dealers competing for transactions during the holidays and year-round. Though the overall volume in online orders does drop around the Christmas and New Year’s holidays, it doesn’t drop very much — only about 25 percent — […] [Read More]

How vehicles get utilized by buyers once they leave your showroom continues to change at a breakneck pace. Companies such as Lyft and Uber have carved out business activities by often providing short-distance transportation; say to or from an airport or back home if you’ve had too many beverages at happy hour. Meanwhile, a new […] [Read More]

Penske Automotive Group said Wednesday it has closed its purchase of U.K.-based used-car retailer The Car People. The acquisition was first announced Dec. 12. “I am delighted to welcome The Car People team to Penske Automotive Group,” Company chairman Roger Penske said in a news release.“The acquisition of The Car People accelerates the company's expansion of […] [Read More]