Black Book announced on Monday its choice for the role of vice president of mobile solutions, tapping a former Manheim exec to fill the spot. Taking on the position at Black Book is Mike Williams, who will be responsible for all of the company’s mobile products and services. The role includes developing new products, enhancing […] [Read More]

Showing some softening as the year wound down, the latest RDN Monthly Analytics Update indicated November recovery volumes decreased 4 percentage points from October levels, halting a string of consecutive month-over-month jumps. Furthermore, the November reading came in 1 point below year-earlier levels. Also registering downward movement, RDN indicated November recovery orders ticked 7 percentage […] [Read More]

The certified pre-owned market reached 1.8 million annual sales for the first time in history and hit a best-ever mark for the second straight year, according to Autodata Corp. In 2012, there were 1.83 million CPO sales, which was an improvement of 5.3 percent — or more than 92,000 units — over the full-year sum […] [Read More]

To kick off its silver anniversary year, ServNet announced that the auction group has welcomed its 31st member. Joining the group is Ocala Auto Dealers Exchange in Florida. OADE’s sister auctions — Sanford Auto Dealers Exchange and Cocoa Auto Dealers Exchange — were already ServNet members. The auction was formerly known as Big Sun Auction […] [Read More]

Fresh off a remarkable 2012 in the certified pre-owned market, four brands have confirmed to Auto Remarketing, as of press time, that they achieved record full-year certified pre-owned sales. According to their respective CPO leaders, 2012 was the best year ever for certified at Volkswagen and for American Honda’s flagship brand, and the year was […] [Read More]

News hit the stands Tuesday suggesting that 2012 marked the best used-vehicle market in five years, as CNW Research reported that full-year used sales came in at 40.5 million units. However, the jury is still out when it comes to predictions for 2013. But as many industry experts voice expectations for record level new-car registrations […] [Read More]

When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated several times during a conference call on Thursday that the subprime market is an area of growth. [Read More]

General Motors announced late last week that it is recalling about 55,000 full-size trucks and vans in the United States to inspect the steering column for a possible defect. GM said it knows of no crashes or injuries related to the condition. If the steering column defect is present, the automaker said one or more […] [Read More]

Auto Remarketing recently celebrated another milestone within its social-media platforms. Hitting the landmark last week, the Auto Remarketing group on LinkedIn now has more than 4,000 members. Since reaching the 1,000 member mark in 2011, the community has rapidly expanded and includes leaders from a vast cross-section of the used-car business. This list includes executives […] [Read More]

Over the holidays, one South Carolina auction, in particular, and its dealers invested in the community, raising funds and collecting items for a children’s charity. For four straight weeks, Charleston Auto Auction held a 50/50 drawing each sale to benefit the Low County Orphan Relief — which helps children removed from their homes due to […] [Read More]