In today’s supply-starved market, managing inventory can be a pressing — if not the most vital — concern for dealers. Dealers not only have to be able to get creative in how the find inventory, but they also have to manage it well and make educated decisions when it comes to buying, stocking and pricing. […] [Read More]

The recall notices keep pouring out of the National Highway Traffic Safety Administration as Hyundai, Kia and Subaru told federal officials about campaigns to bring back more than 280,000 vehicles. The majority of those recalled models are from Hyundai, and the automaker is summoning back the Santa Fe and Veracruz from the 2007 and 2008 […] [Read More]

J.D. Power and Associates discovered more than two-thirds of owner-reported new-vehicle interior problems are design-related issues rather than defects or malfunctions. That finding came as J.D. Power revealed the 2011 U.S. Interior Quality and Satisfaction Study late last week. The study also showed that owners report an average of 17.2 problems per 100 vehicles (PP100) […] [Read More]

ADESA is holding a ribbon-cutting ceremony next month for its new ADESA Las Vegas auction that it believes affords the company “a strong foothold” in the Vegas metropolitan area. The ceremony is slated for 9:30 a.m. PDT on Oct. 13. The location is 1000 East Gowan Road in North Las Vegas, Nev. The auction is […] [Read More]

In an effort to aid residents affected by the recent wildfire that swept through Bastrop County during the past few weeks, Auto Remarketing learned the Texas Department of Motor Vehicles, Vehicle Titles and Registration Division and various lenders are planning to offer services that will speed up the insurance claim process on vehicles totaled or damaged. As […] [Read More]

August marked the first increase in wholesale values for the Canadian market in five months, according to the ADESA Canada Used Vehicle Price Index report. Specifically, ADESA’s data — powered by ALG Canada — indicates that the index showed a 0.15-percentage-point sequential hike, seasonally adjusted. Wholesale prices climbed 1.1 percent month-over-month, officials indicated, noting that […] [Read More]

Pushed by the value of the Canadian dollar falling, wholesale prices in Canada during August were up by more than 2 percent sequentially and more than 6 percent year-over-year, according to RVI Group. Specifically, the RVI Used Car Price Index for Canada came in at 1.023, up from 1.002 in July and 0.963 in August […] [Read More]

A tough Canadian economy apparently didn’t dampen certified pre-owned sales too much during August. Auto Remarketing Canada learned that several automakers saw double-digit CPO gains during the month, continuing rather robust years in the certified segment. In fact, the Toyota brand — though its year-over-year gain was just shy of double-digits — had its strongest […] [Read More]

At least one OPENLANE shareholder isn’t happy the company is being sold to KAR Auction Services, according to his class action lawsuit filed in Delaware state court last Friday. A member of Auto Remarketing’s group on LinkedIn pointed to a report on Law360.com that included many strong comments by plaintiff William Treadway. Treadway contends KAR’s proposed $210 […] [Read More]

The nature and size of the schemes are often wide-ranging, and the devices used to perpetuate the fraud can be purchased inexpensively. And auctions ought to be on alert. That’s the message that Frank Hackett — executive director of the National Auto Auction Association — is trying to get across to his association’s members. Apparently, […] [Read More]