This year’s National Remarketing Conference presented by SmartAuction kicks off with a quartet of concurrent workshops that delve into several vital elements of the wholesale industry. The strong opening to the 13th annual event that’s one of the highlights of Used Car Week includes these sessions: —Titled, “What’s Under the Hood?”  The session is going […] [Read More]

Jan. 1 might be more important to California buy-here, pay-here dealers than it just being the first day of 2013. It also could be the day three bills now sitting on Gov. Jerry Brown’s desk become laws that significantly change the industry in the Golden State. As the state legislature wound down its current session […] [Read More]

From the lot to the lanes, a new AutoManager app is designed to save dealers time and help them make wise purchasing choices, the company says. AutoManager has announced the release of AutoManager.Mobile, a free mobile app for Android devices. Using a smartphone or tablet, the app allows dealers to scan a vehicle identification number, […] [Read More]

As football season gets underway, companies in our industry already have their sight’s set on the Big Game. Cars.com revealed late last week it is heading back as an advertiser in Super Bowl XLVII. With one 30-second spot, Cars.com marks its sixth consecutive year of advertising in the Big Game.  "Commercials during the Big Game […] [Read More]

Primeritus Financial Services recently announced several top management promotions at its California location and one promotion at its Tennessee office.  Among the promoted members of the El Dorado Hills, Calif., office are: —John Fountaine, vice president and general manager —Chris Oskiera, vice president of USA Recovery —Bill Sheehan, vice president of sales, operations and IT […] [Read More]

The Richmond and San Francisco regions were the only two Federal Reserve Districts said to have had “a bit slower paced” auto sales in the latest Beige Book report, but even these two districts are seeing hefty demand, according to the Fed, particularly on the used-car side. This was just one of several favorable signs […] [Read More]

A strong month for new-car sales evidently will take a toll on the August used-vehicle sales performance if the projections from Edmunds.com  come to fruition. The site expects this month’s used sales level to soften slightly from July’s figure, estimating the total amount of transactions at franchised and independent stores as well as private-party deals […] [Read More]

It’s been a busy week for Manheim operations in the path of Hurricane Isaac, as the company began preparing its auction facilities for the storm as early as Monday. In a message sent to Auto Remarketing late Thursday, Kyle Ohman, Manheim’s market vice president for the Southeast, explained how the company prepared for the storm […] [Read More]

Repossessions and lease returns are very strong in the auction lane, while rentals are struggling, said John Brasher of Brasher’s Sacramento Auto Auction in the facility’s post-sale video report this week. Also strong in the lanes, Brasher noted, were most dealer trades. “Our closed Ford factory sale was the strongest we’ve had in many months,” […] [Read More]

A former leader of Volvo’s certified pre-owned program now has a remarketing post with Hyundai Capital America. Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with the Irvine, Calif.-based company. Lee was with Volvo Finance from 1997 to 2002, then Volvo Cars from 2002 to 2009. His time […] [Read More]