ORLANDO, Fla. — As the price of gas rises at the pump, in addition to driving up the cost of ownership for operating vehicles, it has also apparently had a negative impact on the resale values and depreciation of certain models, according to the AAA Your Driving Costs Study released Thursday. Apparently, gas prices have jumped by double digits since the last time the […] [Read More]

ATLANTA — Manheim announced earlier this week that it has appointed a new vice president of operations for Manheim Canada. Promoted to this role was Brad Hart, who was most recently general manager of Manheim Toronto. Manheim told Auto Remarketing that Patrick Brennan, who previously held this post, was promoted in February to serve as market […] [Read More]

OAK BROOK, Ill. — vAuto has rolled out enhancements to its Live Market Merchandising Module that are designed to help dealers more effectively manage used inventory processes. These upgrades allow dealers to upload and customize vehicle photographs, produce window stickers and transmit listings to online marketing channels. "The expanded vAuto system provides our customers one central […] [Read More]

CARY, N.C. — Topping the charts as the leading story this past week at AutoRemarketing.com was news about OPENLANE not only naming a new top executive but also highlighting its recent strong sales performance. Readers also wanted to know what NADA Used Car Guide and CNW Research had to say about the future used-vehicle market. The […] [Read More]

DETROIT — To help dealers capitalize on the arrival of the spring season that may bring shoppers interested in the certified pre-owned segment, GM Certified Used Vehicles has rolled out special financing from GMAC Financial Services on select Pontiac G6 and Chevrolet Malibu models.  Specifically, qualifying shoppers can receive 3.9-percent APR financing for up to 60 months […] [Read More]

DETROIT — The NAFA Fleet Management Association said Thursday that it is offering fleet managers free admission to the expo hall and two of the keynote addresses at its upcoming 2010 Institute & Expo, which will be held April 24-27 at Detroit's Cobo Center. Qualifying fleet managers — meaning those who either manage a fleet or are […] [Read More]

SANTA MONICA, Calif. — One of the sister sites of Edmunds.com, InsideLine.com, recently picked up an award for excellence during the South by Southwest Interactive Festival held annually in Austin, Texas. Site officials were given the 2010 Hive Award for excellence as a top automotive news and opinion Web site.  Basically, the goal of the annual Hive Awards is […] [Read More]

ATLANTA — A rise in the March Manheim Used Vehicle Value Index to a record level even took Tom Webb by surprise when he discussed the wholesale market during his quarterly conference call on Wednesday. The index climbed to 119.9 in March, marking the fourth consecutive month of an increase and a 13-percent overall jump since […] [Read More]

ATLANTA — Sharing some positive news, AutoTrader.com president and chief executive officer Chip Perry said he connects the increased activity his site witnessed in March on used full-size trucks as an indication of an upward turning economy. More specifically, Perry indicated that growth in used inventory searches for the Dodge Ram 2500 and Ford F-250 were up by […] [Read More]

DETROIT — A recent analysis by AOL Autos spotted some of the creative ways dealers use television commercials to bring in customers. While some dealers have turned to local sports heroes, others have gone to great lengths to leave quite an impression in just 30 seconds. "One of the smartest people I ever met in the car business […] [Read More]