Strange spring: Car-price momentum remains intact

Auto Remarketing Staff

How odd has this spring been? Well, an entire weekend of Major League Baseball action was postponed because of significant snow in Minnesota, and it has been cars not trucks that are leading overall wholesale market price changes. So the answer is — pretty weird.  This week’s Black Book Market Insights... Read More

Auto Remarketing Staff

You could say cars really “took off” when they went over the block at a “soaring” special event Manheim recently hosted. Emphasizing that it is easy for dealers to buy and sell inventory anytime and anywhere, Manheim San Diego recently partnered with Toyota / Lexus Financial Services to conduct... Read More

Auto Remarketing Staff

Ken Garff Auto Group announced Monday that it is buying out New York-based Leucadia National Corp. from its 12-year Garcadia dealership partnership. The company said the transaction is expected to close in Q3. Early this month, terms of the deal were ratified by the boards of Leucadia and Ken Garff. "We've... Read More

Joe Overby, Senior Editor

You can expect another year of 10 million wholesale vehicles at traditional, brick-and-mortar auto auctions in 2018. But that comes with a twist, according to Cox Automotive’s 2018 Used Car Market Report & Outlook. There is also some change afoot in what the off-lease supply might... Read More

Auto Remarketing Staff

LeasePlan USA’s executive leadership team has grown with the addition of its new senior vice president and transformation officer Felipe Smolka, the company announced Wednesday. Smolka most recently led global connected vehicles strategy at IBM Global Business Services. He brings connected vehicle expertise... Read More

Auto Remarketing Staff

Former ADESA San Diego general manager Ted Coates will now head the ADESA Los Angeles auction, the business unit of KAR Auction Services announced Thursday. Coates brings over 25 years of auto remarketing industry experience, including more than 15 years spent at ADESA, the company said. Through a series of... Read More

Former counsel for Coca-Cola joins Cox Automotive

Auto Remarketing Staff

Cox Automotive has announced it brought aboard a former general counsel with the Coca-Cola organization to serve as senior vice president and general counsel, effective Monday. Angus Haig, who spent almost two decades with Coca-Cola, brings considerable global legal and business experience, having lived and... Read More

NIADA finalizes partnerships with AFC, TradeRev

Auto Remarketing Staff

The relationship connecting the National Independent Automobile Dealers Association and KAR Auction Services is now even stronger. On Wednesday, NIADA named Automotive Finance Corp. and TradeRev as Diamond-level National Corporate Partners — the association’s highest level of corporate affiliation. AFC... Read More