When automakers begin reporting May results today, the seasonally adjusted annualized rate for retail new-vehicle sales likely won’t reach the 9.5 million unit level, according to J.D. Power and Associates. The last time the industry failed to hit this mark was nine months ago. The overall SAAR is expected to miss the 12 million unit mark, […] [Read More]

As a place to foster discussion and share ideas and industry event details, Auto Remarketing’s community on LinkedIn continues to strengthen. Auto Remarketing’s home on the business social networking site now includes more than 1,000 members who all hold vital roles at auctions, dealerships and other remarketing companies. “As with much of the rapid growth in social […] [Read More]

Although the chatter throughout the used-vehicle market has centered on concerns of whether the so-called bubble will soon burst, Black Book’s Ricky Beggs stressed that while he appreciates the trepidation some dealers may have, there are mitigating supply and demand dynamics that should relieve some of the fear. In other words, used-car demand should stay […] [Read More]

Nissan said Monday that chairman of the Americas Carlos Tavares is moving to the role of chief operating officer of Renault and taking his place atop the region is Colin Dodge, whose current role is executive vice president and chief performance officer for Nissan globally. Dodge also serves as chairman of the AMIE region, which […] [Read More]

Since landing a large account with General Motors this past fall, the Greater Milwaukee Auto Auction has not only recently joined Internet platform AuctionPipeline’s network but also will be doubling in size in the near future. After opening its doors in 2004, the GMAA has grown rapidly and is now consistantly running 1,000 cars per […] [Read More]

VIN Viper recently rolled out several enhancements to its mobile dealer solution, including an updated version of its iPhone app and online desktop version as well as the free accessibility of AutoCheck Auction reports. The company first highlighted the new features of its iPhone app that are free to member dealers: —Dashboard View: An enhanced graphical […] [Read More]

instaVIN announced late last week that it will be offering its vehicle history and title reports for motorcycles to consumers and retailers via CycleTrader.com for a limited time. instaVIN reports provide more than 100 key data indicators such as DMV title, salvage, insurance, total loss and other information to help identify title problems prior to purchase. “CycleTrader.com […] [Read More]

Mid-South Auto Auction’s location provided the ideal spot to help emergency responders assist flood victims of the swollen Mississippi River. The auction’s general manager Bob Sullivan said, “When we learned that Mississippi Emergency Management Agency (MEMA) needed a large lot from which to deploy responders, we knew we were a perfect fit.” Normally, Sullivan indicated […] [Read More]

Coming within days of Chrysler announcing it would completely pay off its U.S. and Canadian government loans, Fiat notified the U.S. Department of Treasury of its intent to secure a larger stake in the Big 3 OEM. The Italian automaker said late last week it plans to exercise its option to purchase the Treasury’s interest […] [Read More]

IronPlanet Motors highlighted that it will be offering free inspection reports at Wednesday’s online auction that will feature more than 100 units including cars, trucks, SUV’s and motorcycles, to name a few. Auction customers can expect to see models such as the Audi A4, Chrysler Crossfire, Hummer H3T, Toyota Prius and Volvo XC70, among many […] [Read More]