According to a new report developed by Black Book and Fitch Ratings, vehicles are likely to depreciate at a greater degree this year, though not enough to present any major obstacles to U.S. auto loan and lease ABS. Black Book said Wednesday that vehicle depreciation rates averaged just below 13 percent in 2012, a level […] [Read More]

Since American Suzuki Motor Corp. officially received confirmation of its bankruptcy plans last week, NADA Used Car Guide decided to reexamine how values of this OEM’s vehicles are trending nowadays. Analysts decided to focus on one specific model to get a hold of the situation and found the 2010 Suzuki Kizashi S sedan provided some […] [Read More]

Reaching within its nationwide network, ADESA on Tuesday announced the promotions of two longtime employees for the roles of executive vice president of U.S. auction operations. Named to the positions, which they will assume immediately, are Mike Caggiano and Pat Stevens. Both will continue to report directly to Tom Caruso, ADESA president and chief executive […] [Read More]

Multi-platform selling — perhaps a new buzz word in the industry? Liquid Motors thinks so, and the company announced Tuesday it is seeing “record growth” in use of its wholesale tools that utilize this system.  With marketplaces such as eBay Motors, Cars.com, AutoTrader.com and more, dealers  and others in the remarketing industry have many options […] [Read More]

Dealers and wholesalers who purchase vehicles through Ally Financial’s SmartAuction now have a new option for transport: ShipCarsNow. SmartAuction recently added ShipCarsNow as a transportation provider, connecting dealers with a vast vehicle delivery network directly from the auction site. ShipCarsNow, a Union Pacific subsidiary, can provide reliable and economical transport throughout the United States via […] [Read More]

April is creeping closer, and Auto Remarketing Canada 2013 Conference organizers are ramping up the agenda full of industry experts and exciting content. The full agenda is now posted online and features workshops, sessions and panels that will focus on one of four key subject areas shaping the used-vehicle industry: retail, remarketing, regulatory/compliance/F&I and reputation […] [Read More]

According to data from Edmunds.com provided to Auto Remarketing, the state with the lowest average age of vehicle trade-ins during February also happens to be one of the smallest, population-wise. With an average trade-in age of just 5.34 years, topping Edmunds’ list last month was Alaska. It was followed by North Dakota (5.42 years), Wyoming […] [Read More]

Last week’s auction activity was in line with the seasonal norms, according to  Black Book’s Ricky Beggs, who said, “We are definitely in the midst of the spring market.” And fuel rates are experiencing what managing editor Beggs contends is the “traditional first of the year gas-price climb where the national price at the pump […] [Read More]

General Motors Financial announced its 2012 Auction of the Year winner as part of the company’s nationwide Auction of Excellence program. For the fourth time, this top honor went to Rawls Auto Auction of Leesville, S.C. Since 2006, GM Financial named the Auction of the Year winner at its annual Auction Summit in Arlington, Texas. […] [Read More]

The number of units flowing into the auction lanes this year is expected to jump to about 7.9 million units, according to the 2013 Used Car Market Report from Manheim. This would be a 5-percent increase from 2012, the report indicated. And while still down significantly from the 10 million-unit-mark reached in 2003, this growth […] [Read More]