Wholesale
PAR North America, CarsArrive Partner to Broaden Transport Options for Recovery Agents
Friday, Apr. 13, 2012, 05:57 AM
Auto Remarketing Staff
PAR North America has teamed up with vehicle transport provider CarsArrive to expand transportation services options for recovery agents while also offering them more revenue opportunities. The partnership allows recovery agents in PAR’s Preferred Agent Network to scan available transport load assignments in real time through CarsArrive. Instant notifications are also available to users via […] [Read More]
Carolina AA, Indiana AA Owners to Sponsor First Auction Academy Class
Friday, Apr. 13, 2012, 05:56 AM
Auto Remarketing Staff
Revealed to Auto Remarketing Thursday, the owners of Carolina Auto Auction and Indiana Auto Auction — Henry and Patty Stanley —will be executive sponsors of continuing education program developed by TPC Management Company for professionals in the auction industry Auction Academy’s initial course offering. [Read More]
Manheim Canada, Boost Launch Tool to Simplify Wholesaling for Dealers
Thursday, Apr. 12, 2012, 04:31 PM
Auto Remarketing Staff
Boost Motor Group and Manheim Canada announced on Wednesday the full launch of their new combined solution that is designed to help dealers conduct wholesale selling easily and quickly. The new tool allows dealers to take vehicles from their trade-in or retail inventory and send it directly to Manheim’s OVE.com simply by hitting a button. […] [Read More]
Kontos Explains How Gas Prices Sway 1Q Wholesale Market Behavior
Thursday, Apr. 12, 2012, 05:58 AM
Nick Zulovich
As ADESA’s Tom Kontos reflected on 2012’s first quarter, he didn’t hesitate to tell Auto Remarketing the key story was the run-up in gas prices and the deferential impact it had on small cars versus big trucks. However, Kontos pointed out what happened in the auction lanes and the wholesale market in general during this […] [Read More]
Study: Auto Industry Pumps $135 Billion into Tax Coffers
Thursday, Apr. 12, 2012, 05:57 AM
Sarah Rubenoff
As tax season wraps up, the Center for Automotive Research released a study Wednesday that highlighted the significant impact the auto industry has on both the country’s federal and state tax revenue. Accounting for more than $135 billion of tax revenue, the study found that the use and sales of more than 250 million vehicles […] [Read More]
Nebraska AA to Host Muscle and Specialty Car Auction
Thursday, Apr. 12, 2012, 05:54 AM
Auto Remarketing Staff
Nebraska Auto Auction will host one of the largest specialty car auctions in the region this weekend. The Midwest Muscle and Specialty Car Auction will feature 400 hot rods, muscle and sports cars, classics and motorcycles at CenturyLink Center in downtown Omaha, Neb. Nebraska AA president and owner Eric Bigler pointed out this sale is […] [Read More]
Beggs Reviews Tax Season in Latest Wholesale Update
Wednesday, Apr. 11, 2012, 05:57 AM
Auto Remarketing Staff
With the deadline to file federal income taxes looming, Ricky Beggs shared what he and the rest of Black Book’s editors are hearing about how this year’s refund season has unfolded. Beggs began his latest edition of “Beggs on the Used Car Market,” by saying, “spring has sprung. “I was not only thinking about how […] [Read More]
Vincentric Reveals 2012 Best Fleet Value in America Awards
Wednesday, Apr. 11, 2012, 05:56 AM
Auto Remarketing Staff
General Motors and Toyota secured the most honors in the seventh annual Vincentric Best Fleet Value in America Awards. Announced Tuesday for 39 different vehicle segments, Vincentric praised a total of nine GM vehicles while seven Toyota models also drew accolades. Other brands earning multiple awards were Ford, Hyundai, Chrysler Group, Volvo and BMW. Vincentric […] [Read More]
Charleston AA to Recognize Veterans at Sale This Week
Wednesday, Apr. 11, 2012, 05:54 AM
Auto Remarketing Staff
Charleston Auto Auction is teaming up with Automotive Rentals Inc. to honor the military during a special sales event later this week. In addition to approximately 1,000 vehicles being up for sale, the event will include a free breakfast to start the day then a performance from the American Legion Color Guard, who will present […] [Read More]
Polk: Only 35 Percent of Hybrid Owners Buy in Segment Again
Tuesday, Apr. 10, 2012, 02:37 PM
Auto Remarketing Staff
While the selection of hybrid models in the U.S. has more than doubled since 2007, Polk discovered this week that only 35 percent of hybrid vehicle owners choose to purchase a hybrid again when returning to market in 2011. If repurchase behavior among the high volume audience of Toyota Prius owners isn’t factored in, Polk […] [Read More]