Automotive Resources International announced that the ARI Canada president Fred Booth plans to retire at the end of the year and named his replacement. The new president will be Ron Gaysek, whose latest post is as ARI Canada’s executive vice president and chief operating officer. Booth’s retirement will go into effect Dec. 31. Gaysek has been with the company […] [Read More]

Wholesale prices in Canada continued to move ahead in September, and the segment showing the greatest month-over-month improvement is the full-size pickup category, according to the latest ADESA Canada Used Vehicle Price Index. More specifically, ADESA’s data — powered by ALG Canada — noted that there was a 0.5-point upswing in the index on a month-over-month […] [Read More]

Despite both overall car and truck segments showing softer wholesale prices yet again, Black Book managing editor Ricky Beggs noticed some models gaining value last week and said several segments accounted for a large chunk of this upward trend, including  full-size passenger wagons, full-size cargo vans and full-size pickups. [Read More]

Chase has hired auto finance veteran Randy Beil as vice president and national manager of its vehicle remarketing group. Beil has more than 20 years of experience in auto finance. Most recently, he managed corporate and special sales for all internal and external fleets at BMW North America. He also held key management positions at […] [Read More]

Did wholesale prices for crossovers reach a tipping point in September? Analysts from Kelley Blue Book believe they might have found the answer. KBB calculated overall wholesale market prices slid 1.5 percent in September as compared to the previous month. Just two of its 21 vehicle segments moved marginally higher — midsize pickups by 0.8 […] [Read More]

Now that autumn is in full swing, the need to gauge inventory as prices move on both the retail and wholesale market is even more important. To help dealers be prepared, the upcoming free Auto Remarketing Training Series Webinar is gathering experts. The next installment of the quarterly series is scheduled for Tuesday beginning at 2 p.m. […] [Read More]

In light of the massive migration to warmer parts of the country that often happens this time of year as the weather gets quite chilly in some pockets of the U.S., Carmoza Auto Transport has rolled out a new program where dealers can meet the vehicle service and transportation needs for their customers who may be […] [Read More]

ADESA Analytical Services confirmed what dealers probably are seeing in the auction lanes — predominantly seasonal price softening in September and a gradual descent from all-time highs seen in April. According to ADESA’s monthly analysis of wholesale used-vehicle prices, September’s mark averaged $9,830 — down 1.7 percent from August and up 1 percent versus prior […] [Read More]

Though wholesale prices in Canada climbed month-over-month and all segments either made gains or were steady from August, values were down on a year-over-year basis, according to the latest Canadian Market Index from OPENLANE. Specifically, the Canadian Market Index for September was 102, compared to 96 in August. Against the September 2009 level, it was […] [Read More]

Autumn leaves might be falling, but OPENLANE’s U.S. Market Index reached its highest level ever in September. Vice president of analytics Nagi Palle pinpointed the September reading at 111, a five-point rise from the previous month. The index’s previous high stood at 110 for two consecutive months in November and December of last year. While […] [Read More]