GAINESVILLE, Ga. — Although the first two weeks of auction sales in 2010 showed an upswing in activity and attendance, as well as a few pockets of interest and bidding gains, there was a "somewhat surprising" decline in wholesale values, according to Black Book's Ricky Beggs. Specifically, Beggs said that among the 24 segments that Black […] [Read More]

McLEAN, Va. — Wholesale prices were up across the board month-over-month during the first week of January, according to NADA Used Car Guide, which indicated that on the car side of the used market, value gains by some of the high-volume segments likely mean that a traditional spring market has begun. In the first week of […] [Read More]

CARY, N.C. — Hundreds of dealers took part of their Tuesday afternoon to soak in valuable information and strategic recommendations from industry experts during the latest Webinar from the Auto Remarketing Training Series. Almost 800 attendees registered for the event that covered topics which ranged from best inventory management practices, how to harness opportunities at auction […] [Read More]

NORTHBROOK, Ill. — Donlen Corp. has rolled out a new brand identity that features a new logo, tagline, Web site and blog, as well as an updated Donlen GreenKey Web site. Looking at some of the specifics to the rebranding, the new tagline for the company is "Ideas. Focus. Solutions." Officials said it is designed to […] [Read More]

NEW YORK — Forbes.com recently published a list of what it considers to be the most affordable 2010 luxury vehicles, and taking the top spot was the Volvo C70 T5, which was estimated to have a five-year ownership cost of $51,140. Volvo led the way with three units making the list — S80 T6 at No. […] [Read More]

CHICAGO — Automotive Internet Media on Tuesday launched a revamped version of Autosales.com to help get dealers' sites to rank higher when a consumer conducts a search via Google or Yahoo. The newest edition of Autosales.com is geared to deliver more potential leads that dealers might not catch because search results, perhaps, were not in their favor. Company officials contend […] [Read More]

TORRANCE, Calif. — Honda joined the long list of automakers Tuesday that have pledged a significant donation toward earthquake relief efforts in Haiti. The manufacturer has earmarked a donation to the American Red Cross of more than $300,000. Furthermore, the company has given portable generators, water pumps and other Honda products for use during humanitarian relief […] [Read More]

IRVINE, Calif. — While the industry's lease penetration rates haven't been at their typical 20- to 22-percent levels and might not necessarily return to the "high-flying days," Kelley Blue Book's James Bell suggested that smart's announcement that it is entering the leasing market could be indicative of some good signs. Bell, executive market analyst for Kbb.com, […] [Read More]

CHICAGO — In an effort to pinpoint specific vehicles that best match typical consumer behaviors and tastes, Cars.com recently made choices for its 2010 Lifestyle Awards. The vehicle the site picked as its Family Car of the Year is the 2010 Ford Flex, while its Work Car of the Year was another vehicle from Ford, the 2010 […] [Read More]

FRANKLIN, Tenn. — Similar to other organizations in the auction industry, ServNet Auction Group applauded and unanimously supported the National Auto Auction Association's revamped arbitration policy at its annual business meeting last month and adopted it at its auctions effective Jan. 1.  "While all of the ServNet auctions agreed to adopt the Arbitration Policy in principal following […] [Read More]