In reviewing wholesale price movements from last month, RVI Group pointed out that full-size sedans and luxury full-size sedans, respectively, had the greatest sequential price easing during March, while the industry’s overall movement was an uptick of 0.1 percent. Specifically, the RVI Used Car Price Index came in at 1.462 for March. Overall wholesale values […] [Read More]

Experian Automotive released findings from an analysis of the hybrid vehicle segment in honor of Earth Day on Monday, showing that market share of hybrid models has increased by 40.9 percent since 2011. The share for hybrids moved up from 2.2 percent in 2011 to 3.1 percent last year. While hybrid vehicles still only make […] [Read More]

When it comes to younger generations, are cars going the way of the dinosaur? Not quite — but there are some very interesting trends in driving/car purchases, technology use, city living and the correlation between them all. Let’s start this story by traveling back to the days of the carhop and the drive-in movie theater, […] [Read More]

Following last week’s fertilizer plant explosion in West, Texas, the General Motors Foundation has announced a $100,000 grant to the American Red Cross to aid emergency relief efforts. The funds will help provide shelter and meals for affected families, and aid the Red Cross in preparing for and responding to disasters in the Lone Star […] [Read More]

DAA Northwest simply“Can’t Fight This Feeling” and is going back to the 1980s this summer for its Rock & Roll Sale. Headlining the annual event will be REO Speedwagon, who rocked the 80s with hits like “You Take It on the Run,” “Keep on Loving You” and “Can’t Fight This Feeling.” [Read More]

The new-vehicle selling rate remains strong this month, driven by consumers looking to replace aging rides, according to a monthly sales forecast developed by J.D. Power and Associates' Power Information Network and LMC Automotive. But what does this mean for the used market? To find out, Auto Remarketing chatted with Deirdre Borrego, vice president and […] [Read More]

In discussing the retailer’s first-quarter performance during a conference call last week, AutoNation chairman and chief executive officer Mike Jackson continued to be “frank” about how the company’s used-vehicle operation has performed. Listeners were reminded of quarterly calls in 2012, when management stressed the need for used-vehicle improvement. Fresh off the first quarter of 2013, […] [Read More]

Auto Remarketing will soon launch a new special section for our print and digital magazines that is designed to recap the latest news and moves within the auction environment.   When it debuts later this spring, “Auction Roundup” will provide our readers with a comprehensive overview of auction facility openings, renovations, auction executive hires and […] [Read More]

While other segments of the economy might be posting sluggish growth, Manheim’s Tom Webb reiterated his upbeat assessment of where vehicle retailing is going. In Manheim’s Auto Industry Brief for April, the company’s chief economist said, “Fortunately, growth for automotive retailing is both more certain and brighter. Autos have outperformed the overall economy since the […] [Read More]

The 2013 Auto Remarketing Canada conference, presented by CarProof, gets rolling this morning with registration beginning at 8 a.m. (EST) at the Fairmont Royal York in Toronto. With over 500 registered attendees already, more than half of these are dealers. Click here to see the full pre-show attendee list, updated daily. Over the two-day conference, […] [Read More]