Wholesale prices continue to buck seasonal trends, as Hurricane Sandy — combined with low used-vehicle supply and high demand — pushed already expensive prices in the lanes even higher. According to the segments NADA Used Car Guide tracks, the average price of vehicles at auction this week will rise to $14,300, which equates to a […] [Read More]

In memory of Auto Auction Sevices Corp. president and chief executive officer Don Meadows, who passed away on Monday, Auto Remarketing is sharing a Profile Series feature on Meadows that was included in the May 1–14, 2006 print edition of our publication. The interview between Auto Remarketing and Meadows for this 2006 story is below: […] [Read More]

Continuing a pattern the company said it has seen since the spring, ADESA Analytical Services’ monthly analysis of wholesale prices by model class showed the November figures softened both year-over-year and month-over-month. ADESA determined wholesale values in November averaged $9,554 — down 2.2 percent compared to October and off by 3.2 percent relative to November […] [Read More]

When it comes to the used models getting the most looks from online shoppers, some familiar names were at the top of the list. According to consumer trend data provided in the latest Guidelines report from NADA Used Car Guide, the three most-researched used models last month on NADAguides.com were the Ford F-150, Chevrolet Silverado […] [Read More]

Certified pre-owned marketing program SureSale revealed this week its new online marketplace dedicated to CPO vehicles. The SureSale Certified Marketplace showcases vehicles up to 150,000 miles and 15 years of age, and targets used-vehicle shoppers in the market for a CPO ride. [Read More]

Instant messaging and different chat platforms are becoming a more and more popular form of communication between dealer and customer, and in response to this surge in popularity, digital marketing company Outsell revealed this week improvements to its Live Chat Channel. The channel is part of the company’s Digital Engagement Platform, and the enhancements demonstrate […] [Read More]

American Honda’s newest recall announcement covers more than 800,000 minivans and SUVs. The automaker said on Wednesday that the recall stems from the need to address a potential malfunction of the ignition interlock feature of these vehicles. The recall covers: —Approximately 318,000 Honda Odyssey and 259,000 Honda Pilot vehicles from the 2003-2004 model years —Approximately […] [Read More]

Due largely to the impact of Hurricane Sandy, used-vehicle prices fell only 1 percent month-over-month in November, according to the latest Guidelines report from NADA Used Car Guide, which said that December pricing should behave similarly before a modest turnaround to begin 2013. [Read More]

Many factors point to expanded used inventory for dealers in 2013, and as off-lease vehicle volume is predicted to grow this coming year, stores may find it easier to secure quality, used vehicles. And this may be particularly good news for your certified pre-owned department, says Black Book managing editor Ricky Beggs. In fact, Black […] [Read More]

Five leading auto industry strategists are teaming up this winter for a one-day training event designed to help dealers boost productivity and profit throughout their stores. The lineup of “The Best Training Day Ever” includes Dave Anderson of Learn to Lead, Jeff Cowan of Jeff Cowan’s Pro Talk, Paul Faletti of NCM Associates, Alan Ram […] [Read More]