As ADESA’s Tom Kontos reflected on 2012’s first quarter, he didn’t hesitate to tell Auto Remarketing the key story was the run-up in gas prices and the deferential impact it had on small cars versus big trucks. However, Kontos pointed out what happened in the auction lanes and the wholesale market in general during this […] [Read More]

As tax season wraps up, the Center for Automotive Research released a study Wednesday that highlighted the significant impact the auto industry has on both the country’s federal and state tax revenue. Accounting for more than $135 billion of tax revenue, the study found that the use and sales of more than 250 million vehicles […] [Read More]

Earlier this week, Mercedes-Benz USA and its dealer body pledged to give $1.3 million this year to fund coaches for a charitable organization that aids projects using sports for the betterment of youth. The company’s gift to the Laureus Sport for Good Foundation, USA, will help the organization prepare and set up 250 coaches to […] [Read More]

Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS management will conduct an hour-long session beginning at 3:30 p.m. ET today. The company highlighted this new version […] [Read More]

Nebraska Auto Auction will host one of the largest specialty car auctions in the region this weekend. The Midwest Muscle and Specialty Car Auction will feature 400 hot rods, muscle and sports cars, classics and motorcycles at CenturyLink Center in downtown Omaha, Neb. Nebraska AA president and owner Eric Bigler pointed out this sale is […] [Read More]

Used-vehicle values have soared recently, even to the point where for some one- and two-year-old vehicles, a new car presents a better deal. But despite the escalation in used prices, Kelley Blue Book contends that there are still some used vehicles out there that are still in a relatively manageable price range. As such, KBB […] [Read More]

In the second installment of exclusive AuctionNet Wholesale Price and Forecast Data provided by NADA Used Car Guide to Auto Remarketing, wholesale prices have remained stable this week, but again, the influence of rising fuel prices is still apparent, the organization stressed. [Read More]

Auto Remarketing learned that Ally Financial is announcing today it will be partnering with a Denver Area dealer to make a contribution to the Boy Scouts of America Denver Area Council. The company will be making a $10,000 contribution to the organization in the name of Mike Shaw — recently named 2012 national Time Dealer of the Year.  […] [Read More]

With the deadline to file federal income taxes looming, Ricky Beggs shared what he and the rest of Black Book’s editors are hearing about how this year’s refund season has unfolded. Beggs began his latest edition of “Beggs on the Used Car Market,” by saying, “spring has sprung. “I was not only thinking about how […] [Read More]

General Motors and Toyota secured the most honors in the seventh annual Vincentric Best Fleet Value in America Awards. Announced Tuesday for 39 different vehicle segments, Vincentric praised a total of nine GM vehicles while seven Toyota models also drew accolades.  Other brands earning multiple awards were Ford, Hyundai, Chrysler Group, Volvo and BMW. Vincentric […] [Read More]