Auto Remarketing learned today that Mike Broe has been appointed to the position of president and chief executive officer of Auto Auction Services Corp. AASC indicated Broe will serve in an interim capacity and will work directly with AASC’s board of directors to make decisions regarding the long-term leadership of the organization. The company said […] [Read More]

Canadian Black Book revealed its 2012 Best Retained Value Awards this week. Toyota, Lexus, Subaru and Honda combined to win 11 first-place 2012 Canadian Black Book Retained Value Awards, while European automakers took home four, and of the Detroit 3, Chrysler took home three. There was one tie. [Read More]

Much to what will likely be dealer chagrin, wholesale prices are rising steadily as we approach the spring season. According to the ADESA Canada Used Vehicle Price Index, which has been updated through January, wholesale prices rose on average by about 1.6 percent, compared to the last month of 2012. Officials explained the index was […] [Read More]

If the certified pre-owned market needed any more fuel to keep record-breaking sales soaring, Raffi Festekjian explained how the J.D. Power and Associates 2013 U.S. Vehicle Dependability Study might have provided the very thing. The study showed the long-term dependability of three-year-old models improved year-over-year, and Festekjian connected how these units are primary candidates to […] [Read More]

As 2012 closed with leasing levels not seen since before the recession, many wonder how this trend will affect both uses and new sales for 2013. In fact, according to the 2012 Manheim Used Car Report, the number of new-vehicle leases written in 2012 increased to 2.5 million, up from 2.1 million in 2011 and […] [Read More]

The certified pre-owned programs at Honda and Acura are “posted to move the needle even further” this year after combining to sell more than 283,000 vehicles in 2012. That’s according to Brian Butts, who heads up both programs for American Honda Motor Co. and shared with Auto Remarketing last month what the company’s CPO dealers […] [Read More]

Auction Edge launched a beta program Wednesday of its mobile check-in application.   Mobile check-in allows auction staff to check-in vehicles using their mobile device of choice, supporting both iOS and Android phones and tablets. [Read More]

Two brands from the same manufacturer together collected 13 awards from IntelliChoice, in the company’s 2013 Best Overall Value of the Year Awards. The 2013 BOVYs represent 23 diverse but popular vehicle segments, which IntelliChoice said are meant to aid shoppers in comparing cost of ownership for similar vehicles over time, going beyond purchase price […] [Read More]

CarGurus released a study Wednesday identifying the most affordable and most expensive U.S. cities in which to buy a used vehicle. Topping the list of deal-friendly destinations is Miami, followed by Cleveland, Rochester, N.Y., and Detroit. The site found Jackson, Miss., to be the most expensive used-vehicle city, followed by Seattle, Montgomery, Ala., and Little […] [Read More]

Dealer management services company Quorum recently announced it has integrated its DMS XSellerator with a popular suite of customer relationship management products. In an effort to best serve its dealer customers, the company has integrated XSellerator with VinSolutions. Quorum customers that choose to use the advanced CRM capabilities of VinSolutions will have access to automated […] [Read More]