GMAC's online auction for dealers on pace to top last year
SmartAuction, GMAC Financial Service's online remarketing channel for dealers, sold nearly 210,000 used cars and trucks through May. That reflects an annualized pace of 500,000 vehicle transactions, the company said today. 1:26 pm U.S. ET | June 26
Used-vehicle prices rose in May from April, year earlier
Used-vehicle prices in May registered their first year-over-year increase since October 2007, according to the latest Manheim Used Vehicle Value Index, released today. Prices rose from the prior month for the fifth consecutive time. 2:53 pm U.S. ET | June 5
Proposed federal legislation to pay motorists to trade in their old gas guzzlers for fuel-efficient models could lower the prices of late-model used vehicles, the chief economist of the largest U.S. auto auction company said today. 4:07 pm U.S. ET | April 7
Wholesale used-vehicle prices rose for the second straight month in February, the Manheim auto auction company reported today. Manheim's Used Vehicle Value Index measured 105.5 last month, up from 101.7 in January but down from 108. 2:52 pm U.S. ET | March 6
A congressional panel began hearings today into whether used- vehicle dealers are taking unfair advantage of customers, especially low- and middle-income and minority consumers. 12:01 pm U.S. ET | March 5
GENEVA MOTOR SHOW
Saab aims to identify a new owner for the brand within two months, Managing Director Jan-Ake Jonsson said. "There are about five we want to talk to. 3:28 am U.S. ET | March 4
Americans are keeping their cars and trucks on the road for record periods as the economy has weakened, a new report by R.L. Polk & Co. concludes. Through mid-2008, the median age of cars in operation rose to 9.4 years, up from highs of 9. 11:42 am U.S. ET | March 3
Auction Broadcasting Co. of Indianapolis, Ind., has become part owner of two independent auction sites in the Huntsville, Ala., and Memphis, Tenn., areas. Effective Sunday, Dealers Auto Auction of Huntsville in Athens, Ala. 10:25 am U.S. ET | Feb. 27
REMARKETING
FirstLook offers dealers a way to spice up the vehicle descriptions they send to used-car Web sites. Face it: A description that starts with a mundane list of standard features isn't going to grab a shopper. 12:01 am U.S. ET | Feb. 23