Remarketing

VW, DealerMatch create dealer marketplace online

12:01 am U.S. ET | March 24, 2014
Volkswagen of America and a Manheim corporate sibling have developed an online marketplace for VW dealers to buy and sell used vehicles among themselves for a flat monthly fee....
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Hertz right-sizes fleet, expects more used-car sales to consumers

6:12 pm U.S. ET | March 18, 2014
Hertz Global Holdings has trimmed its rental fleet and expects to sell more of those vehicles, when they're retired from service, directly to consumers at company-owned dealerships, its CEO said Tuesday....
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Cars.com drawing interest from AutoTrader owners Cox, Apax, report says

7:36 am U.S. ET | March 12, 2014
Cox Enterprises, the media holding company, and London-based buyout firm Apax Partners, are interested in bidding for auto-sales Web site Cars.com, people with knowledge of the matter told Bloomberg....
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Income tax refunds, easy credit buoy used-vehicle prices

3:16 pm U.S. ET | March 7, 2014
Used-vehicle prices, bolstered by consumers using their income tax refunds to buy used cars and trucks, rose 0.8 percent in February from January and 1.1 percent from February 2013, the Manheim Used Vehicle Value Index showed today....
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Weather weakens prices of late-model used cars

12:01 am U.S. ET | Feb. 24, 2014
Last month, the average price decline of 2008-12 used vehicles was steeper than that of the previous month and steeper than expected perhaps because of the harsh weather in much of the country....
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Report: CPO sales could double in 3-5 years

12:01 am U.S. ET | Feb. 24, 2014
U.S. new-vehicle sales slipped in January, but certified used-vehicle sales ushered in the new year with double-digit percentage increases....
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Infiniti auction goal: Lift margins

12:01 am U.S. ET | Feb. 24, 2014
Infiniti has introduced a live online auction program that gives its dealers first crack at off-lease vehicles entering the network....
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ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said....
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USED-CAR CAVIAR

On this luxury lot, prices start at $74,000 -- and go (way) up

12:01 am U.S. ET | Feb. 3, 2014
The tightly packed rows of vehicles at Marshall Goldman Motor Sales are unlike what you'd find at practically any other used-car store....
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Service lanes can become source of used-car inventory

12:01 am U.S. ET | Feb. 3, 2014
Brian Benstock has found that his own service department is the best place to shop for used vehicles. When the general manager of Paragon Honda in Woodside, N.Y. needs a used car or truck of a certain model year, color and trim level, he searches his database and invites owners of those vehicles into his service department. He offers them discounts on maintenance work....
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ADESA: Private-label auctions will grow

12:01 am U.S. ET | Feb. 3, 2014
ADESA Inc., the nation's second-largest vehicle auction company, has built a custom trading network that enables groups such as Bob Rohrman Auto Group, which has dealerships in Indiana and Illinois, to trade vehicles among their own stores, says CEO Stephane St-Hilaire....
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2 groups sign exclusive deals with Manheim

12:01 am U.S. ET | Feb. 3, 2014
Sonic Automotive Inc. and Hendrick Automotive Group have signed or extended agreements that make Manheim, the nation's largest vehicle auction company, those groups' exclusive provider of remarketing services. The deals also include technology to help centralize the groups' processes for wholesaling vehicles by eliminating the need to send a representative to a physical auction....
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Used-car prices likely to end 5-year rise

12:01 am U.S. ET | Feb. 3, 2014
Used cars should get cheaper in 2014 after five years of consistently rising prices, in part because more vehicles are coming off lease this year, NADA economists say. Analysts at NADA Used Car Guide say this is not a sign of a bursting bubble. But a report from a used-vehicle auction company warns that the industry must hone its remarketing processes....
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Chevy offers free Impala weekend drives for National renters

12:01 am U.S. ET | Feb. 1, 2014
Chevrolet is offering members of National Car Rental's frequent renters clubs who recently rented 2014 Chevrolet Impalas a weekend of seat time in another Impala for free....
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Manheim adds 16 auctions to program that waives online fees

9:24 pm U.S. ET | Jan. 28, 2014
Manheim has added 16 auctions in its Southeast and Texas markets to a program that aims to assist dealers to whose access to physical auctions might be hampered by harsh winter weather....
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Manheim's DealerMatch sibling grows as it sidesteps auctions

12:01 am U.S. ET | Jan. 27, 2014
DealerMatch has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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So you want to run an auto auction?

12:01 am U.S. ET | Jan. 27, 2014
The Auction Academy programs -- one for auction owners' sons and daughters and another for nonfamily managers -- receive training in the ins and outs of successful auto auction management....
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Manheim’s DealerMatch sibling grows as it sidesteps auctions

1:40 pm U.S. ET | Jan. 25, 2014
DealerMatch, the corporate sibling to Manheim that helps dealerships buy and sell used vehicles among themselves while avoiding the auctions that are the core of Manheim’s business model, has upped its base price, launched optional enhancements and more than doubled its paying members from last summer....
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Manheim: Used-car prices will stay healthy

12:01 am U.S. ET | Jan. 24, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, said. Webb said the market fundamentals that kept used-car prices relatively high last year -- such as employment growth, readily available retail financing and strong retail used-car demand -- are expected to remain mostly unchanged in 2014....
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NADA PREVIEW

Taking certified-used sales to the next level

12:01 am U.S. ET | Jan. 20, 2014
As expected, certified used-vehicle sales set a record in 2013. Though the programs generally are very successful, the leaders of some dealer councils say there is room for volume growth and better execution....
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NADA PREVIEW

Wanted: New ways to acquire used cars

12:01 am U.S. ET | Jan. 20, 2014
In 2014, the supply of used vehicles, especially late-model ones, will increase. But dealers say they will continue to be creative and aggressive in procuring used cars. After all, the supply still will be well short of peak levels. And down the road, Sonic Automotive Inc. plans a chain of used-only stores, akin to the CarMax Inc. model, which will siphon used cars from the market. So the old tried-and-true ways of procuring used-vehicle inventory won't be enough....
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NADA PREVIEW

Manheim teaches dealers' kids about the auction biz

12:01 am U.S. ET | Jan. 20, 2014
Manheim's largest auction site has created a yearlong training program to teach dealers' children how to buy and sell vehicles at auctions profitably. Tim Van Dam, market vice president of Manheim's Northeast Market, says the NextGEN program is the result of conversations with dealers who want their children to learn about the intricacies of auctions in preparation to join, or take over, the family business....
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ARLENA SAWYERS

Count on them: Death, taxes and used vehicles

2:48 pm U.S. ET | Jan. 15, 2014
Death and taxes are two things we know we can count on. Here's one more: The new cars and trucks on display this week at the Detroit auto show will become used vehicles someday. That's why analysts from Kelley Blue Book and NADA Used Car Guide spent time at the show studying what's coming down the road....
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GHOST OF OLD GM?

Overproduction, hefty spiffs sink residuals of Cadillac ATS

12:01 am U.S. ET | Jan. 13, 2014
A year ago, the ATS had among the highest residual ratings in the competitive compact luxury market, better than those of the BMW 3 series. But ALG's latest ratings put it toward the bottom of the pack, citing an overly ambitious volume forecast that left Cadillac dealers with inventories routinely exceeding a 140-day supply, more than double the level that's considered healthy....
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Economist: Used-vehicle prices will remain healthy, but could fluctuate

3:03 pm U.S. ET | Jan. 8, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, predicted today....
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