Wholesale prices “remained true to typical October form”  last month, analysts with NADA Used Car Guide said when pinpointing the average decline for the month. They explained that October values for vehicles up to five years in age fell by an average of 2.5 percent relative to September. NADA UCG shared this data in the […] [Read More]

Central Auto Auction revealed Tuesday that it has launched a new 60 Day Buy Back Guaranty Program, offering customers the opportunity to return a unit if it doesn’t sell in 60 days. Peter Saldamarco, head of the Hamden, Conn., auction, had this to say, regarding the new offering: "We’re doing everything possible to accommodate our […] [Read More]

November is shaping up to be a “buyer’s market” for remaining 2011 model-year vehicles, according to Vehix, which said dealers are still trying to move these units off their lots. Moreover, dealers are also starting to offer some deals on 2012 models, as well. With these trends as a backdrop, Vehix picked out what it […] [Read More]

General Motors revealed Tuesday that it has welcomed a new member to its board of directors, electing a former executive with both Wal-Mart and Black & Decker to the position. Joining the board is Thomas Schoewe, who previously was the executive vice president and chief financial officer of Wal-Mart Stores, where he served from 2000 […] [Read More]

With the Re3 conference taking place today, Ally Financial’s SmartAuction teamed up with Renovo Services to announce that they have started selling repossessed vehicles directly from secured storage facilities throughout the country. ReposDirect.com, a Renovo company, will utilize SmartAuction as a resource for lenders to sell vehicles more quickly, more economically and with less risk […] [Read More]

With more and more consumers purchasing smartphones, the traffic these phones are driving to dealer sites is soaring. Moreover, customers are using these phones to tweet, Facebook and share much of their lives. Leveraging this technology is no easy task for dealers, however, according to the panelists on the CPO Consumer Engagement and Retention panel […] [Read More]

In what has become tradition, IntellliChoice.com unveiled its CPO awards during Auto Remarketing’s CPO Forum on Tuesday. The company analyzed 26 programs this year and tapped an overall winner in the popular vehicle segment, as well as premium category. Taking home top honors in the popular classification is Hyundai. Tyler Schulze, of IntelliChoice.com, announced the […] [Read More]

Along with explaining its analysis in proper context of the current wholesale landscape, Kelley Blue Book has revealed its annual Best Resale Value Awards. In an exclusive with Auto Remarketing, KBB director of residual consulting Eric Ibara declared that this year’s best resale brand award went to Toyota for the second time, giving the Japanese […] [Read More]

The wholesale market showed double-digit growth on a year-over-year basis in October, but it was rather flat compared to September, according to the latest RVI Market Update released Tuesday. Overall, the RVI Used Car Price Index for the month was 1.415, up 12.6 percent year-over-year and 0.8 percent month-over-month. Breaking RVI’s data down further, used […] [Read More]

Japanese brands once again led the way in ALG’s 13th Annual Residual Value Awards, thanks largely to a mixture of strong consumer perception and loyalty, as well as low incentive spending and rental penetration, ALG’s Eric Lyman told Auto Remarketing in a recent interview. The awards were released today and claiming the top spot on […] [Read More]