According to data from Edmunds.com provided to Auto Remarketing, the state with the lowest average age of vehicle trade-ins during February also happens to be one of the smallest, population-wise. With an average trade-in age of just 5.34 years, topping Edmunds’ list last month was Alaska. It was followed by North Dakota (5.42 years), Wyoming […] [Read More]

Last week’s auction activity was in line with the seasonal norms, according to  Black Book’s Ricky Beggs, who said, “We are definitely in the midst of the spring market.” And fuel rates are experiencing what managing editor Beggs contends is the “traditional first of the year gas-price climb where the national price at the pump […] [Read More]

It appears those highly anticipated off-lease vehicles not only are making their way through the wholesale market, but they’re providing a lift to retail used-vehicle sales, according to CNW Research’s rundown of February’s activity. As last month’s retail sales ticked up by more than 4 percent, CNW highlighted used sales of units from 1 to […] [Read More]

Along with intending to seek an amendment to its credit agreement, KAR Auction Services announced the commencement of an underwritten offering of 13.0 million shares of its common stock by existing stockholder KAR Holdings II subject to market and other conditions. Officials explained as a part of Monday’s announcement that KAR Holdings II is controlled […] [Read More]

NextGear Capital hosted a ribbon-cutting ceremony Monday to usher in an addition to its corporate campus in Carmel, Ind. The company has expanded its campus with a new building designed to help it accommodate ongoing growth, it says. [Read More]

Thirty-three dealerships have been honored as Center of Excellence sites by BMW of North America LLC. The company awards this recognition annually to its top performing dealerships in the nation, and said because of the outstanding work of the dealer network, BMW Group achieved its best sales ever in the U.S. in 2012. Of 338 […] [Read More]

AR: Talk a little about where you grew up. Weitzman: I was born in New York City, in Brooklyn, and then our family moved out to New Jersey when I was about 10 years old. Most of my growing up years were in central New Jersey near Princeton, which is in about the middle of […] [Read More]

Do you work with an exceptional female colleague? Know any leading ladies in the industry? The deadline for Women in Remarketing nominations is approaching, and Auto Remarketing wants you to help us honor the top women leaders in the industry. The April 15-30 print edition of Auto Remarketing will contain a special section designed to […] [Read More]

Late last week, Kelley Blue Book provided Auto Remarketing a list of the 25 most-researched used vehicles on KBB.com for February. Topping the list was the Honda Civic, followed by the Honda Accord, Toyota Camry, Toyota Corolla and BMW 3 Series in spots two through five, respectively. Honda and Toyota each had three used vehicles […] [Read More]

With new dealership acquisitions in the U.K. as well as purchase of one of Brazil’s largest auto retailers, a new board member appointment, and a Douthern hail storm that affected four of its New Orleans dealerships, news was streaming from Group 1 Automotive last week.  Unfortunately, the Feb. 24 hail storm was not the first […] [Read More]