In a special ceremony Thursday, nine of this year’s 10-member Women in Remarketing class were on hand to accept their awards. Allison Weller, of RemarketingEdge, which sponsored the ceremony, spent some time asking these women to share some of their secrets. [Read More]

Wholesale prices “remained true to typical October form”  last month, analysts with NADA Used Car Guide said when pinpointing the average decline for the month. They explained that October values for vehicles up to five years in age fell by an average of 2.5 percent relative to September. NADA UCG shared this data in the […] [Read More]

With the Re3 conference taking place today, Ally Financial’s SmartAuction teamed up with Renovo Services to announce that they have started selling repossessed vehicles directly from secured storage facilities throughout the country. ReposDirect.com, a Renovo company, will utilize SmartAuction as a resource for lenders to sell vehicles more quickly, more economically and with less risk […] [Read More]

Along with explaining its analysis in proper context of the current wholesale landscape, Kelley Blue Book has revealed its annual Best Resale Value Awards. In an exclusive with Auto Remarketing, KBB director of residual consulting Eric Ibara declared that this year’s best resale brand award went to Toyota for the second time, giving the Japanese […] [Read More]

The wholesale market showed double-digit growth on a year-over-year basis in October, but it was rather flat compared to September, according to the latest RVI Market Update released Tuesday. Overall, the RVI Used Car Price Index for the month was 1.415, up 12.6 percent year-over-year and 0.8 percent month-over-month. Breaking RVI’s data down further, used […] [Read More]

Japanese brands once again led the way in ALG’s 13th Annual Residual Value Awards, thanks largely to a mixture of strong consumer perception and loyalty, as well as low incentive spending and rental penetration, ALG’s Eric Lyman told Auto Remarketing in a recent interview. The awards were released today and claiming the top spot on […] [Read More]

Along with details about what’s new with the company’s smartphone apps, Black Book’s Ricky Beggs gave dealers some guidance as Thanksgiving quickly approaches. Beggs’ advice stemmed from Black Book editors discovering last week’s overall wholesale price change was a larger decline week-over-week. “But there were still 24 percent of the adjustments requiring raises in values, […] [Read More]

A white paper now available on StopCurbstoning.com — the website that strives to educate dealers and consumers on how to spot and avoid a curbstoner — details a new strategy individuals are using to profit at the expense of an unsuspecting buyer. The document describes a different kind of curbstoner: rogue tow-truck operators running illicit […] [Read More]

A new full-service recovery and remarketing company is aiming to take the positive elements of repo forwarding and create an outlet that benefits both lenders and repossession agencies. Relliance describes itself as a cooperative-based company designed to provide a fresh and innovative approach to serve companies looking for a national provider for recovery and remarketing […] [Read More]

Kelley Blue Book calculated that used-vehicle values dropped 2.6 percent overall in October, marking the fifth consecutive month of wholesale declines. Since peaking in June, KBB discovered used-vehicle values overall have sunk 10 percent with the most pronounced declines coming from fuel-efficient vehicles, falling more than 20 percent. “The earthquake in Japan and ensuing new-vehicle […] [Read More]