From free barbecue and boxing to legendary rock bands in concert, ServNet auctions are preparing for this summer’s sales. R. Charles Nichols, ServNet president, said: “The summer’s market does not cool down in the ServNet world. In June, July and August, ServNet auctions hold huge events that set the bar for innovation and impact on […] [Read More]

Have plans for mid-November? Join us for the Used Car Week 2013 conferences, scheduled for November 11–15 at the Manchester Grand Hyatt in San Diego. And conference organizers are offering attendees something new this year. Events on tap now include the all new SubPrime Forum. [Read More]

If the latest report from Black Book is any indication, this may be a good chance for dealers to take advantage of falling  prices on entry-level cars.  Black Book’s Ricky Beggs noticed a possible correlation between declining auction prices in this segment and spiking gas prices. In the latest “Beggs on the Used Car Market […] [Read More]

Given the changing landscape in the wholesale industry with the use of multiple online sales platforms, the International Automotive Remarketers Alliance is hoping to level the playing field among consignors and remarketers through a whitepaper that outlines a set of standards for this growing element of the business. [Read More]

With her dream car sitting at a dealership in Michigan, an Alaska resident called for a vehicle inspection by Alliance Inspection Management, which ended up becoming the company’s 60-millionth report. The milestone inspection for AiM was ordered by Kathy Lewis of Anchorage, for a 2010 Chrysler 300 located at Sterling Heights Dodge in Michigan, more than […] [Read More]

In an effort to meet increased demand, KCI Kansas City has started an expansion process that will bring 10 additional acres of pavement to the auction’s campus and double the size of the current lot. What’s more, it will allow for the auction to accommodate 1,300 more consigned vehicles and include an on-site test track. [Read More]

For buy-here, pay-here dealers trying to secure used-car supply in the wholesale market, it certainly has been a challenging few years. But based on analyses coming from several different vantage points, it appears times are getting better. That was one central theme Auto Remarketing came across in recent months during our look at the slice […] [Read More]

Brasher’s Sacramento Auto Auction is rolling out a special promotion to help dealers secure off-rental units for their inventory, a campaign being called the Brasher’s 90 Promo. Auction management highlighted that with Brasher’s 90, any rental or Brasher’s Gold vehicle purchased will allow the buying dealer to take advantage of at least one of the […] [Read More]

Among the many Top 10 lists Edmunds.com included in its first quarterly Used Car Market Report, the website highlighted the leading used models purchased at franchised dealerships as well as the most-researched units at its website during Q1. So which used model was scooped up most by purchasers at franchised stores? It was the Honda […] [Read More]

As the end of April marked the end of the spring buying season for used cars, overall used-car depreciation was very slight. According to Black Book’s Ricky Beggs, overall, pre-owned vehicles only saw an average of 0.1 percent depreciation last month. Specifically, domestic cars increased by 0.2 percent, and domestic truck values rose by 0.1 […] [Read More]