RemarketingUsed-hybrid prices down from '12 12:01 am U.S. ET | May 20, 2013 A more crowded market of electrified and efficient gasoline-powered vehicles is pushing down prices of used hybrids. Moderating gasoline prices are hurting, too.... Read More »
U.S. used-vehicle sales drop 6% in first quarter 4:04 pm U.S. ET | May 14, 2013 Industry-wide used-vehicle sales dropped 6 percent in the first quarter of 2013 compared to the same quarter last year, according to Edmunds.com's new Used Market Quarterly Report.... Read More »
Caddy shifts warranty on certified used vehicles 12:01 am U.S. ET | May 13, 2013 Cadillac is again offering a bumper-to-bumper warranty on its certified used vehicles, a move the luxury brand says makes it more competitive with rivals' programs.... Read More »
Analysts: Used-pickup prices keep truckin' 12:01 am U.S. ET | May 13, 2013  Used-vehicle prices have peaked for 2013 and are expected to stabilize lower than in 2011 and 2012, but higher than before the recession, analysts say. They also say that strong demand for full-sized pickups will buoy prices in that segment.... Read More »
ADESA forecasts rising off-lease volume in second half of year 12:01 am U.S. ET | May 13, 2013  ADESA, the nation's second-largest used-vehicle auction company, expects an uptick in sales of off-lease vehicles, especially in the second half of the year, said the top executive at its parent company.... Read More »
ADESA parent KAR's Q1 profit rose 12% to $29 million 10:09 am U.S. ET | May 2, 2013 KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »
GM Financial shifts emphasis to newer cars 12:01 am U.S. ET | April 29, 2013 General Motors Financial Co. wants to change its image among franchised dealers shopping for used vehicles at auctions. So next month the captive finance company will host a sale of about 200 2010-13 GM vehicles.... Read More »
REMARKETING Retailer CarMax targets smaller markets 12:01 am U.S. ET | April 22, 2013  CarMax Inc., the nation's largest used-car retailer, opened its first small-format store in Virginia last month and plans to open a second such store this fall in Tennessee. Those two stores could be the first of as many as 100 stores.... Read More »
REMARKETING BMW Financial expects off-lease volume to rebound 12:01 am U.S. ET | April 22, 2013  BMW Group Financial Services' off-lease volume bottomed out in 2012 and is expected to rebound by 20 percent this year.... Read More »
INFORMATION TECHNOLOGY Used-car shoppers want it all online 12:01 am U.S. ET | April 15, 2013 Dealers should post rich information online to sell used vehicles, not just new ones, according to respondents in a new study by J.D Power and Associates.... Read More »
Much of tax refunds will go for auto-related spending 10:00 am U.S. ET | April 11, 2013  A third of the consumers who received or are expecting tax refunds this year plan to sink some of that cash into vehicle-related purchases such as a new- or used-vehicle or repairs, an eBay study found.... Read More »
CarMax quarterly profit rises, but used-car sales momentum drops 9:55 am U.S. ET | April 10, 2013  CarMax, the largest retailer of used cars in the United States, reported a 13 percent gain in fourth-quarter profit, but comparable used-car sales grew at a slower pace than the previous quarter.... Read More »
Dealer sales dominated auto auction scene in 2012 12:01 am U.S. ET | April 8, 2013 Vehicles owned by dealers represented the biggest share of the almost 8 million units sold by members of the National Auto Auction Association last year.... Read More »
REMARKETING Smaller groups are big in used-car sales per store 12:01 am U.S. ET | March 25, 2013 In used-vehicle sales per dealership, the Joe Machens Dealerships group has a leg up over all but a handful of other dealership groups in the United States, ranking No. 5 by that measure, according to data from the Automotive News list of the top 125 U.S. dealership groups. In contrast, the group ranks No. 90 in retail new-vehicle sales and No. 28 in total used-vehicle sales.... Read More »
Hertz sales increasingly bypass auctions 12:01 am U.S. ET | March 4, 2013 Hertz Global Holdings Inc. sold more retired rental vehicles in the United States last year than the year before, with a rising share of the sales going directly to dealers and consumers, CEO Mark Frissora said.... Read More »
Mobile apps are the new frontier of used-car sales 12:01 am U.S. ET | March 4, 2013  Captive finance companies, auto auctions, third-party Web sites and others unleashed a proliferation of mobile apps and products aimed at remarketers during the National Automobile Dealers Association convention in Orlando last month.... Read More »
Repo-related American Recovery Assn., National Finance Adjusters merge 8:00 am U.S. ET | Feb. 26, 2013 The American Recovery Association, an association of remarketing and recovery professionals that specializes in locating and repossessing vehicles on behalf of lenders, has merged with National Finance Adjusters, an organization that specializes in education for collateral recovery and liquidation professionals.... Read More »
BEST PRACTICES Stressed by growth, group pulls in reins 12:01 am U.S. ET | Feb. 25, 2013  In 2005, West Herr Automotive Group Inc. crafted a used-vehicle strategy that proved highly successful. Almost too successful. Going into 2012, the dealership group in a suburb of Buffalo, N.Y., revised its practices, in part by slashing its used-vehicle inventory.... Read More »
REMARKETING Experts: '13 certified sales to rise 10%-plus 12:01 am U.S. ET | Feb. 25, 2013  Certified used-vehicle sales will increase at least 10 percent and overall used-vehicle prices will hold steady at high levels this year, analysts predict.... Read More »
REMARKETING Keeping used-car wholesaling within the group 12:01 am U.S. ET | Feb. 25, 2013  Sam Swope Auto Group is among 10 large dealership groups using Manheim's Dealer Trade Network under a private label agreement.... Read More »
Zipcar taps ad agency Campbell Ewald, hires new CMO 2:01 pm U.S. ET | Feb. 22, 2013  Hourly car rental firm Zipcar, in the process of getting a new parent company, has selected Interpublic Group's Campbell Ewald, the former longtime Chevy ad agency, as its new global creative and brand strategy agency, the company said in a statement.... Read More »
Sandy walloped ADESA's vehicle-salvage unit, CEO says 4:15 pm U.S. ET | Feb. 21, 2013 Hurricane Sandy hit KAR Auction Services and its used-vehicle salvage arm, Insurance Auto Auctions, far harder last fall than Hurricane Katrina did in 2005, KAR CEO Jim Hallett said today.... Read More »
FINAL ASSEMBLY A new take on facilities: Forget bricks and mortar 12:01 am U.S. ET | Feb. 18, 2013  Carmakers are going about the dealer facilities issue all wrong, says Dale Pollak, head of vAuto, a software provider that specializes in management of used-vehicle inventories.... Read More »
NADA CONVENTION Report: Rising sales of rentals to restock used-vehicle supply 12:01 am U.S. ET | Feb. 18, 2013 New-vehicle sales to rental car companies in 2012 rose 11 percent to 1.55 million units, which will help increase the number of vehicles returning to the used-car market in 2013, predicts an annual report on the state of the used-car industry.... Read More »
Q&A: RICKY BEGGS, BLACK BOOK After 'unbelievably high' levels, used prices expected to soften 12:01 am U.S. ET | Feb. 18, 2013  As managing editor of Black Book, Ricky Beggs oversees the company's daily monitoring and analysis of national used-vehicle prices, providing dealers, auctions and automakers with the data needed for pricing and residual planning.... Read More »
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