Remarketing

Used-car loophole for recalls tightens up

12:01 am U.S. ET | Feb. 8, 2016

While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. And with powerful players mobilizing on the issue in an era of high-volume, high-profile recalls, dealers and automakers may face pressure to revisit their policies....
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Fiat 500L used by Pope Francis in U.S. fetches $82,000 at auction

12:47 pm U.S. ET | Jan. 30, 2016

A tiny black Fiat 500L that carried Pope Francis through Philadelphia during his historic first visit to the U.S. was sold for $82,000 at a Friday auction....
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GM program 'just another channel'

12:01 am U.S. ET | Jan. 25, 2016

Dealers have responded warily to news that General Motors will insert itself into the used-car business, a key profit center at most dealerships. Here are details on how GM's Factory Pre-Owned Collection plan will work....
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Ford, Leno to auction custom Harley-Davidson F-150

12:49 pm U.S. ET | Jan. 15, 2016

Ford and comedian Jay Leno said they will be auctioning off a one-of-a-kind Harley-Davidson Ford F-150 later this month and donating the proceeds to National Multiple Sclerosis Society....
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Manheim Canada acquires 100% of partnership auction site

3:30 pm U.S. ET | Jan. 7, 2016

Cox Automotive Canada, through its Manheim Canada operation, has acquired 100 percent ownership of Manheim Source Edmonton, in Edmonton, Alberta. The auction site has been renamed Manheim Edmonton....
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Lexus is flexing its CPO muscles

12:01 am U.S. ET | Jan. 4, 2016

Lexus, one of the pioneers in aggressively promoting certified used-vehicle sales, is raising its game. The brand re-badged its Lexus Certified program as L/Certified about two months ago. The program also got a new logo and supporting ad campaign....
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2015 LISTS OF 10

Hot topics, trends to watch in 2016

12:01 am U.S. ET | Dec. 28, 2015

Record certified used-vehicle sales. Strong used-vehicle prices, even amid rising inventory. It was a booming year in the automotive remarketing world in 2015. Here are 10 topics and trends to watch in 2016....
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BEST PRACTICES

Army veteran's discipline cuts used-car recon time in half

12:01 am U.S. ET | Dec. 21, 2015

An Army vet cut vehicle reconditioning time in half at three Greenway Automotive dealerships in Orlando, which sped inventory to turn and slashed costs, by creating and adhering to strict standards and procedures....
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Online retailer Vroom acquires Texas Direct Auto

12:26 pm U.S. ET | Dec. 16, 2015

Online used-car retailer Vroom said today it has acquired one of its competitors, Texas Direct Auto. The deal was approved today by the Department of Justice, a Vroom spokeswoman said....
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Used prices stay stronger than expected

12:01 am U.S. ET | Dec. 14, 2015

Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released last week....
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Used-vehicle prices dip, but remain unusually strong, Manheim index shows

2:57 pm U.S. ET | Dec. 7, 2015

Despite a slight dip, wholesale used-vehicle prices last month remained robust, according to a widely watched index released today....
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Manheim realigns auction sites to better tailor dealer services

9:00 am U.S. ET | Dec. 7, 2015

Manheim is realigning its 79 brick and mortar auction sites into two new divisions. The change is aimed at better tailoring services for local dealers and providing more services to commercial customers and dealers....
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Son of auto dealer finds auctions a better fit

12:01 am U.S. ET | Nov. 30, 2015

When neither the new- nor used-car retail auto business fit, Ben Lange tried auto auctions on for size. Lange now oversees and owns a minority stake in the third-largest auto auction company in the country....
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ADESA refocuses on physical auctions

12:01 am U.S. ET | Nov. 30, 2015

A few years ago, technology made online used-vehicle remarketing possible. Then the recession made it a necessity. But now that new- and used-vehicle volumes have fully recovered, auction giant ADESA is focusing again on its physical auctions, without ignoring its online operations....
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Toyota FJ Cruiser is scarce, hot and high-priced

12:01 am U.S. ET | Nov. 15, 2015

Toyota sold about 20,000 FJ Cruisers a year on average and about 222,000 all told in the United States. Now that they're not made anymore, they're more popular than ever....
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ADESA profit, revenue grow in 3rd quarter

12:01 am U.S. ET | Nov. 9, 2015

KAR Auction Services Inc., parent company of ADESA, reported that third-quarter net income increased 10 percent from a year earlier to $52.3 million on revenue that rose 13 percent to $666.7 million....
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Price drops on used VW diesels gather speed

12:01 am U.S. ET | Oct. 26, 2015

Prices for used Volkswagen diesels have accelerated their decline as the automaker's emissions scandal entered its second month with no definitive word from VW on its repair plans....
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Toyota Financial rethinks auctions

12:01 am U.S. ET | Oct. 26, 2015

Toyota Financial Services is expanding its use of smaller, themed local auction sales to reconnect with dealers who attend physical auctions. It's also studying ways to offer used vehicles for sale on a daily basis, similar to an eBay sale....
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It may be left to vendors to create cross-platform auctions

12:01 am U.S. ET | Oct. 26, 2015

Outside vendors, not the current online-auction giants, may take multiple platform auction sales to the next level by creating technology that will allow buyers to bid across competing platforms until the sale is done....
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Carfax, vAuto offer info on auction vehicles at a glance

5:22 pm U.S. ET | Oct. 6, 2015

Carfax and vAuto have joined forces to offer dealers vehicle-history information on auction vehicles at a glance and with fewer online clicks....
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Cox, Dealertrack seek to reassure on prices

12:01 am U.S. ET | Oct. 5, 2015

Cox Automotive President Sandy Schwartz has heard dealers fret that, following Cox's $4 billion purchase of Dealertrack Technologies, the new entity will start jacking up prices. Don't worry, he says....
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No more 'distracted walking' in the lanes

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the incoming president of the National Auto Auction Association, is taking charge of a new safety campaign designed to reduce accidents and injuries at auctions....
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Devastation and determination: Memories of Katrina

12:01 am U.S. ET | Sept. 28, 2015

Mike Browning, the newly installed president of the National Auto Auction Association, recalls heartbreaking and heartwarming moments following Hurricane Katrina. Browning was the general manager of Manheim New Orleans when the storm hit in August 2005....
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Average used-vehicle price slips below $10,000

12:01 am U.S. ET | Aug. 31, 2015

The average wholesale used-vehicle price dips below $10,000 in July but demand for used vehicles, especially CPO, buoy prices compared to last year, according to ADESA....
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Instant online auctions save time, costs

12:01 am U.S. ET | Aug. 31, 2015

Need to price and sell a trade-in fast? Recently developed apps enables franchise dealers to get appraisals and purchase offers on their mobile devices or desktop computers for their used vehicles in an hour or less. ....
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