Charleston Auto Auction announced that it celebrated a consingment record for institutional accounts at its recent 9th Annual Luau/Pig Pickin’ & Car Sale. Additionally, there were more than 650 dealers on hand and more than 1,400 units up for sale. The event also included over $35,000 in cash and prizes, and attendees were treated to […] [Read More]

The ServNet Auction Group recently kicked off its lineup of summer promotions with the Smoker Sale at Brasher’s Idaho Auto Auction and plans to keep things rolling with a trio of music-themed event. Next month, DAA Northwest — located in Spokane, Wash. —  hosts its annual Rock and Roll Sale, which will feature British-American rock […] [Read More]

Given the trickle-down effect of a hot new-car market, Black Book is predicting that an additional 900,000 used vehicles will hit the market in 2012, calling this massive influx a “glaring reason” for the drop in used prices that has begun. What’s more, if the new-car market gets even hotter in 2013, look for used […] [Read More]

As used-car prices begin to lower after having been rather high for so long, consumers may be turning their sights on pre-owned units in the coming months. In light of this trend, Edmunds.com revealed a list of some units the company thinks consumers should keep an eye out for. The site’s 2012 Used Car Best […] [Read More]

As National Highway Traffic Safety Administration investigators ramped up separate files associated with close to 1.8 million Toyota and Chevrolet vehicles, General Motors revealed late last week the automaker will recall 413,418 Chevrolet Cruzes in the United States for the 2011 and 2012 model years. Officials said the recall is necessary to modify the engine […] [Read More]

TrueCar has appointed the founder and former top executive of Asbury Automotive Group — whose background also includes executive roles with Chrysler, Ford and Subaru of America — to serve as a member of its board of directors. Named to the position today is Tom Gibson, who founded Asbury in 1994 and served as its […] [Read More]

When NADA Used Car Guide provided AuctionNet wholesale average price data to Auto Remarketing last week, all the segments it tracks were expected to experience slight declines by this past Friday. NADA Used Car Guide officials noted that slowing demand related to seasonality, as well as rapidly falling gasoline prices, are both contributing to wholesale […] [Read More]

If you think about it, fleet management companies and individual fleet managers seldom see the vehicles that those of us in remarketing focus on every day. The process is fairly formulaic: A dealer delivers the new unit to a driver; we arrange the pick-up of the old vehicle either from the dealer, a remote company […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WASHINGTON, D.C. — As lenders and trade associations look to get a handle on […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} MARBLEHEAD, Mass. — As potential buy-here, pay-here dealership regulation is deliberated by California lawmakers, […] [Read More]