Leaders of the National Auto Auction Association all agree that adoption of NAAA’s National Certification Standard Program continues to expand since its release on Jan. 1. NAAA executive director Frank Hackett indicated program implementation is an ongoing process being rolled out during the next six weeks. The association pointed out companies that have already announced […] [Read More]

ADESA’s Tom Kontos delivered encouraging news this week to dealers scouring for affordable inventory. Kontos indicated that December became the second month in a row when average wholesale used-vehicle prices stayed relatively flat on a month-over-month basis. Furthermore, Kontos noted the December reading meant prices fell on a year-over-year basis for the first time in […] [Read More]

Manheim economist Tom Webb admits he’s usually not as upbeat as some other industry prognosticators, especially this time of year as the North American International Auto Show ramps up in Detroit. However, during his quarterly conference call Monday in conjunction with the latest Manheim Used Vehicle Value Index, Webb spoke glowingly about several elements of […] [Read More]

Total Resource Auctions revealed Friday that it has taken on control of 22 facilities that were previously part of SADISCO. These auctions are spread across seven coastal states of the South and bump TRA’s network size up to almost 100 facilities. [Read More]

Turning the calendar to 2011 didn’t exactly accelerate the activity at all auctions last week, according to Black Book’s Ricky Beggs. The managing editor shared during his weekly video session of “Beggs on the Used Car Market” that there were “mixed comments” coming in from Black Book’s survey personnel. “Some auctions were reported as ‘active […] [Read More]

Seen by company executives as a way to promote all extended-range electric vehicles, Enterprise Rent-A-Car announced Thursday that it will be the first to offer the Chevrolet Volt for daily and weekly rentals. The availability is expected later this month. Officials indicated the Volt will be available at the Mark Christopher Auto Center in Ontario, […] [Read More]

Dealers looking for used vehicles from non-smoking owners now have another source for units that might be coming down the auction lanes. Dollar Thrifty Automotive Group announced Tuesday that Dollar and Thrifty rental vehicles are now 100-percent smoke-free as a result of the company’s new policy prohibiting smoking by renters at all U.S. corporate stores […] [Read More]

Auto Remarketing recently learned that Cadillac has gained a new remarketing manager. Stepping into the position of Cadillac remarketing manager at General Motors’ global sales office in Detroit is Jeff Maes. Maes joined GM in 1991 in the corporate research and planning division. He has held various positions over the years within the company, covering […] [Read More]

Based on early indications, used-vehicle prices continued to be robust during the first few weeks of December, which appeared to be “another strong month, although leveling off a bit,” according to RVI Group vice president Rene Abdalah. Looking at the first three weeks of December, there was a 0.5-percent month-over-month increase in used-vehicle prices, Abdalah […] [Read More]

The schedule of speakers is beginning to be sketched out for the upcoming Auto Remarketing Canada conference, which will be held in Toronto April 12-14, 2011.   Conference organizers noted that many industry leaders have already committed to speaking at the conference, including:  David Sudbury, vice president, Honda Canada Financial [Read More]