Remarketing

Severe weather spurs auction expansion

12:01 am U.S. ET | Aug. 25, 2014
Insurance Auto Auctions Inc., which specializes in salvage vehicles and those donated to charity, has expanded its auction site outside Omaha, Neb., in response to growing volume....
Read More »

 

Manheim enters high-tech lane

12:01 am U.S. ET | Aug. 25, 2014
Manheim, the nation's largest auto-auction company, is spending $100 million over three years to give every aspect of its operations a high-tech makeover....
Read More »

 

NICK BUNKLEY

Why Honda's John Mendel wants customers to buy a Treasury bond on wheels

3:28 pm U.S. ET | Aug. 19, 2014
Jittery stock market? Honda's John Mendel wants you to take your money out of Google, Apple and Tesla -- and put it in Hondas. Not Honda stock. Actual Hondas. They're like Treasury bonds on wheels, with cupholders....
Read More »

 

Outside companies make inroads with inventory software

12:01 am U.S. ET | Aug. 18, 2014
Independent automotive software companies have begun to recognize the potential for inventory management analytics and now offer their own tools, with a price tag attached....
Read More »

 

Manheim enters Brazil with acquisition of auction company CarBizz

2:51 pm U.S. ET | Aug. 13, 2014
Manheim, the largest auto auction company in the United States, has expanded its global operations into South America with the acquisition of Brazilian auction company CarBizz....
Read More »

 

Happy Birthday, boss! Let's open some stores

12:01 am U.S. ET | July 28, 2014
Sonic Automotive President Scott Smith will get a special birthday present when he turns 47 on Oct. 20....
Read More »

 

Honda pushes dealers for buyers' signatures on airbag liability

12:01 am U.S. ET | July 28, 2014
"I understand that if this used car I'm buying is in a crash, the airbag could kill me." That's the gist of a document that American Honda Motor Co. wants its dealers to require buyers of certain 2001-11 used Honda and Acura vehicles to sign....
Read More »

 

AutoTrader, Manheim rebrand under 1 entity

12:01 am U.S. ET | July 28, 2014
Manheim and AutoTrader Group, a collection of digital automotive marketing and software companies, are now part of Cox Automotive, according to signage and employees representing the various properties at a recent trade show in Florida. Sandy Schwartz, president of Manheim and AutoTrader Group, leads the new entity....
Read More »

 

Auction Broadcasting sites get makeovers

12:01 am U.S. ET | July 28, 2014
Auction Broadcasting Co., expecting to increase its sales at least 20 percent in 2015, will improve seven of its eight auction sites in various ways by year end. Jason Hockett, president of the Indianapolis auction company, says the improvements include drive-thru photo booths and new or expanded reconditioning centers and body shops....
Read More »

 

Certified-used sales fall in June, expected to rise for year

12:01 am U.S. ET | July 28, 2014
Sales of certified used vehicles slipped in June for the first time in a year and a half. But analysts still predict certified sales will rise overall this year. Sales dipped 2 percent in June from a year earlier to 181,112, but still posted an 8 percent gain for the first half, to 1,133,588....
Read More »

 

Used-vehicle prices soften, demand strong

12:01 am U.S. ET | July 14, 2014
Used-vehicle prices are beginning to soften as more units come off lease, but they remain above last year's levels and aren't depreciating as fast as in pre-recession days....
Read More »

 

TrueCar to drop 75 franchisees in policy disputes

4:24 pm U.S. ET | June 26, 2014
TrueCar this month plans to drop up to 75 of its 8,000 participating franchisees for failing to honor price guarantees made to car buyers or for other violations of TrueCar policies, President John Krafcik said today. TrueCar also will launch a new app in the coming days that allows consumers to take photos of their trade-in vehicles and seek a price for the vehicles from competing dealers in the TrueCar network, Krafcik said....
Read More »

 

Strong new-vehicle sales bode well for auctions

12:01 am U.S. ET | June 23, 2014
National Auto Auction Association member auctions increased their sales of used cars and trucks 4 percent to 8.2 million in 2013 as the number of vehicles entering their auctions increased 4 percent to 15.2 million....
Read More »

 

Auction companies think outside the block

12:01 am U.S. ET | June 23, 2014
Auction companies are crafting ways for large dealership groups to buy and sell used vehicles more efficiently online and off....
Read More »

 

Used-vehicle prices dipped in May, but pickup prices edged up

2:35 pm U.S. ET | June 6, 2014
In line with seasonal patterns, overall wholesale prices of used vehicles dipped in May from April levels, but prices of used pickups rose, according to data in the Manheim Used Vehicle Value Index....
Read More »

 

Consumer awareness aids CPO sales and prices

2:22 pm U.S. ET | May 30, 2014
Certified used-vehicle sales are expected to grow this year and next year in lock step with increases in the supply of late-model used vehicles, the latest issue of Perspective, a monthly report by NADA Used Car Guide that highlights industry trends, says....
Read More »

 

Top seller CarMax watches as rivals circle

12:01 am U.S. ET | May 26, 2014
CarMax Inc. is the 400-pound gorilla of the used-car market. Now Sonic and Asbury Automotive Group Inc. are on track to open stand-alone used-car stores this year. CarMax is watching, but not all that worried....
Read More »

 

URGENT STRATEGIES

Retailers want piece of huge used-car market

12:01 am U.S. ET | May 26, 2014
The used-car business is hot, prompting franchised new-car dealers across the nation to pay more attention than ever to their used-vehicle operations, in some cases opening used-only stores....
Read More »

 

ADESA's online, dealer-owned vehicle sales rise

3:17 pm U.S. ET | May 6, 2014
KAR Auction Services, parent of ADESA, reported first-quarter net income fell 29 percent to $20.7 million, as revenues rose 5 percent to $583.8 million. The company attributed the fall in profits to refinancing activities....
Read More »

 

Black Book replaces KBB as Cars.com's used-vehicle value provider

3:26 pm U.S. ET | April 28, 2014
Black Book, best known for its wholesale used-vehicle values, is now the official valuation service for Cars.com, a third-party Internet shopping site, the companies said today. Those values had been provided by Kelley Blue Book....
Read More »

 

Analysts: Lower used-car prices just around corner

12:01 am U.S. ET | April 28, 2014
Used-vehicle prices are expected to start dropping now and continue to do so in the near term, analysts predict, citing seasonal patterns....
Read More »

 

CarMax is gearing up for store growth

12:01 am U.S. ET | April 26, 2014
The nation's largest used-vehicle retailer opened two used-car stores in March and plans to open 28 to 43 more by the end of February 2017. The fiscal year that ended Feb. 28 marked the first time the company's annual sales exceeded 500,000 vehicles. "We're in full swing now," says CarMax CEO Tom Folliard....
Read More »

 

Manufacturers brace for the used-car flood

12:01 am U.S. ET | April 21, 2014
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms....
Read More »

 

What can industry do to boost leases, residuals?

12:01 am U.S. ET | April 21, 2014
Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing....
Read More »

 

LARRY P. VELLEQUETTE

Ohio man's collection of '36 Fords going to auction

12:01 am U.S. ET | April 19, 2014
As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand


Rocket Fuel