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]

In a used-vehicle market that slowed moderately in September but is still rather steady, NADA Used Car Guide found that several truck segments were relatively healthy. For instance, looking at the two- to five-year-old segments, executive automotive analyst Jonathan Banks said the values of large and midsize pickups  fell roughly 1.5 percent month-over-month, on average, […] [Read More]

The Auto Remarketing Forum Series has announced that early registration for the 2010 National Remarketing Conference, which will feature some of the top names in the remarketing and used-vehicle industry, will end Friday.   The event will be held in San Diego Nov. 10-12,   Attendees who register for NRC, presented by SmartAuction, before the […] [Read More]

Along with delving into the usual discussion about the wholesale market and the Manheim Used Vehicle Value Index, Tom Webb stressed how fertile the used-vehicle retail business is for dealers nowadays — especially in light of a wobbly national economy. “As many of you know, my overall interpretation of the economic environment has been rather […] [Read More]