Auto Remarketing Staff

Cox Enterprises, the parent of Cox Automotive, has named Maury Wolfe as its new senior director of corporate social responsibility and public affairs to lead both community and employee-action programs that support the company’s sustainability program — Cox Conserves. Most recently, Wolfe... Read More

Auto Remarketing Staff

How this year’s atypical spring market is unfolding left its stamp again on Black Book’s latest depreciation update. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 0.4 percent, an improvement from February’s level of 1.1... Read More

Auto Remarketing Staff

This year’s Barrett-Jackson Palm Beach Auction brought a total of $39.4 million in sales, as well as a record-breaking more than 700 new bidders. Barrett-Jackson announced this week that along with selling a total of 692 vehicles that brought in more than $38.3 million, 380 pieces of automobilia and the sale of... Read More

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