Auction houses cope with crowded lots
Investments in technology and analytics help auctions move vehicles through the system faster, but the remarketing industry should not lose sight of the importance of asphalt, says Tom Webb, Manheim chief economist.
CarMax opens first four-lane auction on West Coast
CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.
Nissan's quarterly profit drops 15% on stronger yen, rising incentives
Nissan reported a 15 percent drop in operating profit to 163.51 billion yen ($1.40 billion) in the latest quarter as foreign exchange losses, falling revenue and rising incentives sapped earnings.
Zipcar shutters Detroit office
Zipcar has closed its Detroit workspace as part of the company's move to reduce its "physical presence."
FTC sued over sale of certified used cars
The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission for allowing used cars to be advertised as "certified" or safe despite being the target of an outstanding safety recall.
America's Auto Auction buys Auction Broadcasting
America's Auto Auction has acquired Auction Broadcasting Co., a move that gives the nation's third-largest auto auction company 19 locations in the U.S.
Will this be the year used-car prices fall?
If economists and remarketing experts are correct, 2017 will finally be the year the industry sees significant downward pressure on used-vehicle pricing.
Ho-hum Detroit show may help used-car prices
The 2017 Detroit auto show's lack of eye-popping reveals might prove to be a good thing for used-car prices, Larry Dixon, an analyst at NADA Used Car Guide, said.
CPO sales poised for another record in '17
Certified pre-owned vehicle sales are poised to set a seventh consecutive record in 2017, fueled by a glut of off-lease vehicles returning to the market.
Analyst warns of incentives' pressure on used prices
Incentive spending, combined with a glut of off-lease vehicles returning to market, could push used prices down by about 4.8 percent this year, the lowest level since the economy was emerging from the recession in 2010, one analyst says.
Ford aftermarket device will boost connectivity in older models
UPDATED: 1/27/17 10:23 am ET - new story
Ford will offer an aftermarket plug-in device to add new technology to older vehicles. The device, Ford SmartLink, will plug in to a vehicle's OBD-II port below the steering wheel, and enable 2010-16 model Ford and Lincoln vehicles to download the latest Ford Motor technology, the automaker said in a statement Friday.