Though he doesn’t expect Avis Budget Group buying Zipcar to have much of any real impact on used-vehicle values — especially on a short-term basis — Black Book’s Ricky Beggs says there’s an interesting remarketing opportunity that can be spun from the transaction. [Read More]

A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]

Along with offering his thoughts on what this year might hold, Black Book’s Ricky Beggs didn’t use the term “normal” to describe the closing of 2012. In his first online video analysis of 2013, Beggs told dealers that “throughout these party-filled holidays and a couple of slightly shortened work weeks, I must tell you that […] [Read More]

Toyota made headlines again as 2012 closed, agreeing to pay $1.1 billion to resolve economic loss litigation in the U.S. stemming from the major recalls centered on unintended acceleration. However, when Auto Remarketing contacted several analysts Wednesday to get their assessment of what the development might do to the brand’s used-vehicle standing, the responses all […] [Read More]

Kelley Blue Book recently shared the top 25 most-researched used and new vehicles on KBB.com from December, and once again sweeping the charts was the Honda Accord. Looking at the used-car rankings in more detail, the Honda Civic followed in the No. 2 spot, with the Toyota Camry, Ford F-150 and Toyota Corolla rounding out […] [Read More]

As 2012 wrapped up, used prices continued their downward spiral — perhaps welcome news to buyers looking for a new pre-owned ride in the new year. An entry in Cars.com’s "Kicking Tires" blog indicates that late-model used-car prices declines for the sixth straight month in December. Specifically, prices dropped an average of $115 from Nov. […] [Read More]

Chrysler Group revealed over the holidays it will be making a recall in Canada regarding 2013 Ram 1500 pickups. The 3,021 trucks being recalled need to have their daytime running lights — which are required by Canadian law — activated. Explaining the recall, the OEM shared that production schedules supplied to Chrysler Group assembly plants […] [Read More]

Avis Budget Group said Wednesday morning that it will buy the car-sharing network Zipcar for roughly $500 million in cash. The deal is expected to be finished by spring, but it first must gain approval by Zipcar shareholders and meet other customary closing conditions. Both companies’ respective boards of directors unanimously approved the deal. Additionally, […] [Read More]

As 2013 gets underway, used-car sales are coming off of an impressive end to the year, and new-car sales are up, as well. And though sales numbers are high and morale is up, many dealers are still concerned about how the pre-owned inventory situation will play out this year. Used inventory has been tight for […] [Read More]

When the American Auto Auction Group got started in Charleston, S.C., around three years ago, its goal from the outset was to create a coast-to-coast nationwide network of independent auctions. Having dug its roots on the East Coast, the group wanted to find a foothold towards the Pacific end of the country. That’s when George […] [Read More]