The volume of late-model vehicles in the auction lanes slowed down slightly in the last full month of fall, but the latest year-to-date data and forecasts for coming years indicate big spikes in supply. According to the latest Guidelines report from J.D. Power Valuation Services, there was a 0.8-percent month-over-month decline in late-model auction volume […] [Read More]

The last Oldsmobile ever built sold for nearly double its original price during a Dec. 15 sale featuring the historic vehicle. A dealer from Florida took home the last Oldsmobile — a dark cherry 2004 Oldsmobile Alero with only 29 miles — along with the final Oldsmobile Cutlass and Ciera models, says Jeff Barber, owner of the State […] [Read More]

As 2017 wound down, J.D. Power Valuation Services, KAR Auction Services and RVI Group all shared their wholesale price analysis for what happened in November. The report that showed the greatest change came from J.D. Power Valuation Services, which indicated in its latest issue of Guidelines that wholesale prices of used vehicles up to 8 […] [Read More]

Carvana recently announced that it has launched its latest market in Corpus Christi, Texas, growing its Lone Star State footprint to five markets. Corpus Christi area residents can now receive as-soon-as-next-day vehicle delivery when they finance, purchase or trade in a vehicle on Carvana.com. “Corpus Christi is our fifth market in Texas, our 44th market overall and […] [Read More]

ADESA recently announced that it has raised more than $1 million for JDRF in partnership with the Ford Global Action Team. ADESA auctions have partnered with the Ford Global Action Team to raise money for JDRF since 2012 and has collected a total of $1,030,505 for the global organization dedicated to funding research to find […] [Read More]

Just as the industry was purchasing last-minute holiday presents and figuring out where extra guests were going to sleep, the National Independent Automobile Dealers Association (NIADA) and the National Alliance of Buy-Here, Pay-Here Dealers (NABD) announced an agreement on Dec. 20 that their leaders hinted was coming. Officials explained NIADA has acquired the assets and […] [Read More]

Insurance Auto Auctions recently announced that it has both relocated its Jackson, Miss., branch and expanded its Grenada facility in the same state to significantly boost the company’s inventory capacity. The company said the new expansions have increased the facilities’ previously combined 32 acres to more than 130 acres for expanded vehicle selection and inventory […] [Read More]

Larry H. Miller Dealerships recently acquired a Nissan store in Centennial, Colo., growing its footprint in the Denver Metro area to 12 stores. The store has been renamed Larry H. Miller Nissan Arapahoe and is located at 10030 East Arapahoe Road. “Nissan has been a standout brand for us, and this location on Arapahoe Road is […] [Read More]

In the midst of the holiday break, analysts from S&P Dow Jones Indices and Experian released an update on auto finance defaults through November. Fortunately, what they spotted shouldn’t give the industry an unwanted jolt to start regular business operations again now that it’s 2018. The auto finance portion of the S&P/Experian Consumer Credit Default […] [Read More]

The entire team at Auto Remarketing, Auto Remarketing Canada, SubPrime Auto Finance News, BHPH Report and all of Cherokee Media Group wishes you a safe and happy holiday season and best wishes for the new year. This issue of Auto Remarketing Today PM will be the final regularly scheduled e-newsletter from our team in 2017 before we take a holiday break. […] [Read More]