As Black Book watched car and truck prices decrease again last week, Ricky Beggs explained a new wholesale development he coined as “if sales.” During the latest edition of his online video blog, “Beggs on the Used Car Market,” the managing editor touched on developments beyond the overall price movements he recapped later. “Some interesting […] [Read More]

Previously unavailable, AutoTrader Group’s financial performance as well as the size of its subscribing dealer network came to light as the company filed federal paperwork to become a publicly traded company. According to forms submitted to the Securities & Exchange Commission, AutoTrader generated $1.0 billion in revenues, $334.6 million of adjusted EBITDA and $68.1 million […] [Read More]

Auto Remarketing Conferences has announced that online registration for the 2012 Used Car Week series of conferences is now open. [Read More]

Primeritus Financial Services announced Monday that it has acquired The M. Davis Co., Inc., which is the California-based company that includes USA Recovery and Skip Masters. Explaining more about The M. Davis Co., officials noted that the company — located in El Dorado Hills, Calif. — is a full-service firm that offers national repossession management, […] [Read More]

Technological innovation and a commitment to environmental sustainability are key concepts within today’s auto industry, as evidenced by the announcements of two separate projects within the past week that offer the promise of enhanced personal mobility and the power of harnessed energy. On Monday, Ford officially opened its Ford Silicon Valley Lab in Palo Alto, […] [Read More]

RouteOne recently revealed that it has completed integration with AutoManager’s DeskManager DMS, which means fields on the RouteOne credit application will be populated with information obtained electronically from the DeskManager system, thereby eliminating the need for duplicate data entry into multiple systems. “RouteOne is pleased to announce this integration with DeskManager DMS,” said Mike Jurecki, […] [Read More]

As part of parent company Cox Enterprises’ program to help spruce up the nation’s rivers, Manheim Pennsylvania recently chipped in on efforts to clean the Conestoga River in Lancaster County Central Park. There were more than 100 Manheim employees and their family members on hand for the event, as they teamed with volunteers from American […] [Read More]

Dealers who use AutoTrader.com to push their vehicles online now can choose to own a piece of the operation as the site is on its way to becoming a publicly traded company. AutoTrader Group — a newly formed entity that includes AutoTrader.com, Kelley Blue Book, vAuto and VinSolutions — filed paperwork with the Securities & […] [Read More]

In light of the recent news from Saab and plans for the brand to focus more on electric vehicle production in the future, Auto Remarketing reached out to ALG to get their feedback on how the changes might affect used-vehicle values — as well as how the project might fare — for the OEM that […] [Read More]

As Tom Kontos put it, May’s wholesale pricing activity certainly backs up the assertion that he and ADESA Analytical Services have had for some time: used values have likely peaked. In fact, as part of his look at monthly pricing trends, Kontos revealed that the average wholesale price in May was $10,271, which was 2.9 […] [Read More]