Pushed by the tight supply constantly facing dealers, by the time the first quarter is over, used-vehicle values could spike by as much a 3 to 5 percent, according to Kelley Blue Book. Then during April, used values are expected to plateau and stay consistently high for months, explained KBB’s Alec Gutierrez, senior market analysts of automotive […] [Read More]

Though the company refused to issue a statement or confirm to Auto Remarketing, news is now circulating that DuPont is accepting bids for its automotive paint division. Citing unnamed sources, the report that surfaced late last week indicates that the sale of this business unit could garner more than $4 billion. It was widely reported in October that DuPont had […] [Read More]

The proportion of positive value adjustments in the wholesale market has been relatively stable in recent weeks, according to Black Book’s Ricky Beggs, who has found the truck side of the market to be more consistent than cars. As for the number of adjustments, these have been climbing to significant heights. [Read More]

In the spirit of today’s holiday, CarMax revealed “what made the sparks fly” during the car shopping process, as well as the launch of a new Facebook contest that focuses on the love affair between consumers and their vehicle of choice. When asked what the leading factor was when deciding to buy a car, nearly […] [Read More]

In a battle of the sexes, Autobytel’s editor in chief and assistant editor went head to head in a battle to find the hottest cars for 2012. By price category, Michelle Naranjo, editor in chief, and assistant editor Jeffrey Ross picked from a wide variety of cars during the company’s Valentines Day fun. Independently of […] [Read More]

Mountain State Auto Auction recently revealed to Auto Remarketing the addition of a sixth lane to the facility, as well as a two-story office complex. Explaining the lane addition, officials said they were spurred by the 20-percent hike in new-car trade business. “Many dealers are finding our personalized service and individual account management results in […] [Read More]

Digital marketing company ChannelNet recently revealed it has picked an auto industry veteran to serve on its board. Tapped as the newest board member is AJ Wagner, president of AJ Wagner & Associates LLC, and former president of Ford Motor Credit Co. North America, and corporate vice president of Ford Motor Co.  Commenting on the […] [Read More]

His beloved New England Patriots fell short to the New York Giants in the Super Bowl earlier this month, but Barry Lundgren got to enjoy a  raher unique consolation prize. The Massachusetts Honda dealer was the winner of a 2010 Harley-Davidson Softail Deluxe FLSTN auctioned off during the NADA Convention and Expo, which took place […] [Read More]

After reminiscing about his days in Chicago as a graduate student at Northwestern, Toyota’s Yoshi Inaba emphasized why 2012 is such a big year for the Japanese OEM. Toyota Motor North America’s president and chief operating officer recently told an assembly at The Economic Club of Chicago that the automaker will launch 19 new or […] [Read More]

I’d like to thank all of the dealers and their teams who visited vAuto’s booth to learn more about our Provision inventory management system and other products and services. The positive responses about Provision confirm it’s a game-changer for the industry. While chatting with dealers and managers at NADA, I was struck by how often […] [Read More]