ServNet auction owners and members of the auction group’s executive team return to Dallas next month for their annual visit with national remarketers. ServNet will hold its next “Meet the Owners” event on April 4 at the Four Seasons Hotel – Las Colinas. The group explained that the Dallas trip is a part of a […] [Read More]

A new financing program has been rolled out in Canada whose creators say can make it easier for expatriates to lease or finance a new or used car in the country. ExpatRide — a supplier for several North America relocation and destination services companies — has launched a program that offers lease or purchase financing […] [Read More]

In the recently released latest update to the ADESA Canada Used Vehicle Price Index, the drill-down into segment pricing trends included in the analysis shows somewhat of a mixed bag. What the analysis uncovered was that the six segments in the data were split between strong gains, declines and stability. [Read More]

Black Book’s Ricky Beggs departed last week’s National Auto Auction Association/CAR event, which also featured a meeting of the International Automotive Remarketers Alliance, with the same sentiment as his industry colleagues. Over several days, Beggs recapped that, “Almost everyone I heard in the presentations and spoke with continues to be amazed at the recent trends […] [Read More]

Fiserv named its top performing auction for 2011 on Tuesday. Claiming Fiserv’s highest honor for the fifth time was Carolina Auto Auction. Carolina AA based out of Anderson, S.C., also has been among Fiserv’s top three auctions for nine of the past 11 years. Fiserv explained that it began ranking auctions in 2001 as a […] [Read More]

Revealed Monday, ADESA San Diego has a new general manager. And taking on the position is John Combs, effective immediately Combs has served as an executive sales director for ADESA since 2006, where he was responsible for managing several of the company’s major national sales accounts, the company explained. “John has shown exceptional levels of personalized […] [Read More]

Used-vehicle volume is down more than 7 percent year-over-year in 2012, helping to spur robust prices in the used market, according to RVI Group. In fact, the RVI  Used Car Price Index climbed 8.1 percent year-over-year in February to 1.422, which marked a modest 0.4-percent rise from January. Officials noted that when MSRP is taken […] [Read More]

American Recovery Service and financial services partner SWBC recently completed technology integration geared to streamline systems and business processes between the companies. ARS aims to provide nationwide servicing of asset repossessions, skip-tracing, impounded asset retrieval, license plate recognition recovery and online remarketing, which will now be available to credit unions utilizing SWBC’s AutoPilot, a suite […] [Read More]

The grand opening date has been set for Auction Broadcasting Co.’s first-ever facility in the Northeast. ABC Lancaster Auto Auction will open its doors on Thursday with a sale at 1 p.m. EST at the interim four-lane facility, auction officials announced recently. [Read More]

Though Hyundai maintained its perch as the top OEM in TrueCar’s latest Performance Scorecard rankings, a pair of Big 3 automakers have made some significant inroads. Ford and General Motors topped the list of improvers from January to February, as GM boosted its grade from a B- to an A, while Ford pushed its C […] [Read More]