As 2012 wrapped up, wholesale values finished off at high rates for dealers, who saw increases spotted across the segments, most noticeable in the smaller car segments. According to the latest RVI Market Update, wholesale values (seasonally adjusted on two- to five-year-old vehicles) went up 3.4 percent when compared to November. Moreover, this number was […] [Read More]

This year was an eventful one for the U.S. — presidential elections, high gas prices, superstorms and fear of a financial crisis lit the 2012 landscape. But as NADA’s Jonathan Banks pointed out in the latest Guidelines report, the new- and used-car market “weathered these conditions extremely well and were inarguably bright spots in an […] [Read More]

Both Black Book and NADA Used Car Guide are seeing wholesale trends that dealers regularly brace for this time of year — an uptick in vehicle prices. Last week, the amount of vehicle prices Black Book editors adjusted upward came in at 36 percent, nearly identical to the level they reported during the same span […] [Read More]

The Reynolds and Reynolds Co. announced integration between the Reynolds Used Vehicle Management application and the ADESA Auction Run List, which can enable dealers to more quickly and efficiently source used vehicles available at ADESA auction sites. Officials said Tuesday that the integration between Used Vehicle Management and the ADESA Auction Run List is a […] [Read More]

From The Green Hornet to the original Batmobile, Barrett-Jackson expects to set a new world record for vehicle offerings this week, as the company holds the largest auction event in its 42-year history. Barrett-Jackson made the announcement this week regarding its flagship Scottsdale, Ariz., auction, which runs through Sunday at WestWorld of Scottsdale. With nearly […] [Read More]

Toyota is welcoming a new manager in its certified pre-owned department on Monday, Auto Remarketing has learned. Mia Phillips, the retail sales and operations manager for TCUV/TRAC, is moving over to Toyota’s product communications department. Stepping into her CPO leadership position is Rob Larson, who has been with the automaker for 15 years.    [Read More]

Business in the lanes this past week was reported as being “pretty steady” with an increasing number of price hikes, according to Black Book’s Ricky Beggs. The managing editor explained in his latest, “Beggs on the Used Car Market” video report that, last week, the average number of vehicles adjusted each day was 1,840. “Since […] [Read More]

ADESA said Monday that dealers and buyers at any of its U.S. locations can now utilize the services of transportation company CarsArrive. ADESA announced that CarsArrive has been integrated at all of its U.S. auction locations, a process which began more than a year ago. Commenting on the news, Tom Caruso, president and chief executive […] [Read More]

The International Automotive Remarketers Alliance has put out a call for an executive director, and is looking for “a proven leader with strong public speaking abilities and prior industry experience” to fill the position. Last week, the organization posted the following job description on its website: [Read More]

Perhaps of interest for dealers deciding which after market systems to put in their pre-owned cars before showing them on the lot, it seems new-vehicle owners aren’t quite satisfied with their in-car navigation systems — and here’s why. [Read More]