ADESA Canada spotted a somewhat slower, “steady at best” wholesale market in the first couple weeks of February – which isn’t out of the ordinary – and then saw upward movement in last two weeks, continuing a relatively strong start to the year. [Read More]

The bread and butter of Copart’s business remains in the salvage part of the wholesale market, but the company continues to make strides in non-insurance and whole-car sectors as evident by what leadership shared Wednesday. While sharing financial data from the second quarter of its fiscal year, Copart indicated its non-insurance volume in North America […] [Read More]

The worlds of journalism and publishing have become increasingly digitalized, and Auto Remarketing is no stranger to these changes. And as the media leader in the remarketing and used-car business, we are accelerating our mobile efforts to meet the digital demands of our readers. With today’s launch of AR.com Mobile, dealers, remarketers and other used-car […] [Read More]

KAR Auction Services chief executive officer Jim Hallett insisted he "can’t think of anything that’s more critical on my radar” than ADESA’s ongoing integration with OPENLANE. As the company rolled out its latest financial report this week, Hallett shared an update on how OPENLANE is melding into the KAR stable after being acquired last year. [Read More]

The latest spike in fuel costs appears to be having a major impact on the preferences of both certified pre-owned and non-CPO late-model used-vehicle shoppers, prompting many of these consumers to gravitate toward used cars that are a bit easier on the wallet at the gas pump. In fact, recent analysis from AutoTrader.com indicates that […] [Read More]

Kelley Blue Book revealed Wednesday a list that might help bring some families out to dealers’ lots — 10 Best Family Cars. In unveiling the list, the company noted that since “all families are not created alike, so it stands to reason that all family cars shouldn’t be alike either.” On this annual list, the […] [Read More]

General Motors and PSA Peugeot Citroën said Wednesday the companies have come together for an alliance that creates a global purchasing joint venture and also provides for the automakers to share vehicle platforms, components and modules. GM and Peugeot plan on introducing their debut common-platform model by 2016, officials noted. The alliance also sets a […] [Read More]

Fiat recently revealed it will be expanding into Russia, first pushing Jeep vehicles into the eastern country. The OEM signed a letter of intent with Sberbank in relation to a new project for the production and distribution of passenger and commercial vehicles in Russia, officials explained. And the Russian bank plans to finance the project […] [Read More]

During a long discussion about the company’s 2011 financial performance and more, KAR Auction Services chief executive officer Jim Hallett projected specific future wholesale volume numbers after saying 2012 is a “trough year.” Hallett told a conference call filled with investment analysts Tuesday that “the steepest volume declines are behind us.   [Read More]

As the market evolves, Manheim is also making some changes to better meet its customers’ needs. The company confirmed to Auto Remarketing Tuesday that several of its auctions have new general managers. Discussing the changes, Mike McKinney, Manheim regional vice president, West, told Auto Remarketing, “We are extremely fortunate to have such great talent and […] [Read More]