The Car and Truck Fleet and Leasing Management Magazine

Remarketing

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April 19, 2018 - Industry News

Vincentric Names Best Fleet Values for 2018

Ford or Lincoln vehicles have captured the most awards by a single manufacturer among the 39 vehicles named to Vincentric's Best Fleet Value in America list for the 2018 model year.

Tags: Vincentric, Ford, 2018-MY, TCO, Nissan, Toyota, Best Fleet Value, Operating Costs

April 18, 2018 - Industry News

Used Cars Outperforming Trucks at Auction

Photo of 2016 Chevrolet Cruze compact car.

Used cars of all sizes outperformed trucks, vans, and larger SUVs at wholesale auctions in March, Black Book is reporting.

Tags: Depreciation, Remarketing, Black Book, Compact SUVs, Compact Cars

April 6, 2018 - Industry News

Toyota, Porsche Top Edmunds Best Retained Value Awards

Logo: Edmunds

Toyota and Porsche led mainstream and luxury brands in Edmunds’ 2018 Best Retained Value awards. Collectively, the two brands earned eight of the 18 brand-level awards that Edmunds gives out each year.

Tags: Awards, Retention, Edmunds, Used Vehicle Values, Toyota, Porsche

April 3, 2018 - Industry News

Full-Size Vans Holding Resale Value

Photo of Chevrolet Express van courtesy of GM.

Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.

Tags: ADESA, Wholesale Values, KAR Auction Services, Tom Kontos

March 30, 2018 - Industry News

Volkswagen Storing 300,000 Diesels Around U.S.

Screenshot via Reuters.

Volkswagen has been storing the diesel-powered vehicles it bought back from customers at 37 secure storage facilities that include a suburban Detroit football stadium, former Minnesota paper mill, and desert parking lot near Victorville, Calif., Reuters is reporting.

Tags: Volkswagen, Diesel Engines, VW Diesel Scandal

March 30, 2018 - Industry News

Lincoln Adds Used Vehicles to Subscription Service

Photo courtesy of Lincoln.

Lincoln is expanding its luxury subscription pilot service in West Los Angeles by bolstering the services’ inventory with a slate of used 2017 Lincoln vehicles, according to a company announcement.

Tags: Used Vehicles, Lincoln, Online Tool, Subscription Services

March 26, 2018 - Industry News

Off-Lease Wave Poses Risk to New-Vehicle Sales

Photo by Eric Gandarilla.

This wave of off-lease vehicles is expected to be one of the biggest threats that the new-vehicle industry will face this year and the next. And, it won’t just be the sheer volume of relatively new, low-mileage vehicles that will pose a risk to the new-industry; it’ll be the types of off-lease vehicles returning to market that will present the biggest hurdle.

Tags: Leasing, Used Vehicle Sales, Cox Automotive, New-Vehicle Sales

March 21, 2018 - Industry News

Used Vehicle Sales Increase 1.6% to 39.2M

Photo via Laitr Keiows/Wikipedia.

The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.

Tags: Used Vehicle Sales, Edmunds, Used Vehicle Values, Trends

March 20, 2018 - Industry News

Used Truck Prices Holding Steady

The average sleeper tractor sold at auction in February 2018, J.D. Power found, was 74 months old with 458,697 miles. Photo: Jordon Truck Sales

Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.

Tags: Used Trucks, Used Truck Sales, Used Vehicle Values, J.D. Power

March 14, 2018 - Industry News

Auction Values: Spring Selling Boosts Used Cars

Photo via Laitr Keiows/Wikimedia.

The average price of two- to seven-year-old vehicles depreciated less sharply than expected in February due to "a spirited start to the spring selling season" that has boosted prices for used passenger cars, according to Black Book.

Tags: Depreciation, Black Book, Passenger Cars

March 13, 2018 - Industry News

Used Cars Continue to Thrive at Auctions

Courtesy of Black Book.

For the sixth week in a row, the car segment has realized lower depreciation than the truck segment, according to Black Book’s March 12 Market Insights report.

Tags: Black Book, Used Vehicle Values, Depreciation, Wholesale Values

March 9, 2018 - Global News

Copart Acquires Finnish Salvage Auction AVK

Courtesy of Copart.

Salvage auction specialist Copart has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland, the company announced.

Tags: Copart, Salvage Vehicles, Online Auctions, Finland, Global, Mergers & Acquisitions

March 7, 2018 - Industry News

2018 Remarketer and Consignor of the Year Named

Jeannie Chiaromonte, VP, national remarketing manager at Bank of America won this year's Consignor of the Year Award, which is sponsored by Bobit Business Media.

Tom Caruso, executive vice president at KAR Auction Services received the 2018 Remarketer of the Year Award at the 2018 Conference of Automotive Remarketing. Jeannie Chiaromonte, VP, national remarketing manager at Bank of America received the 2018 Consignor of the Year Award.

Tags: Consignor of the Year, Remarketer of the Year, Bank of America, KAR Auction Services, Conference of Automotive Remarketing

March 2, 2018 - Industry News

Examining Used-Vehicle Data Privacy at CAR

Attendees socialize at the CAR exhibit hall in 2017. Photo: Steve Reed.

The 2018 Conference of Automotive Remarketing (CAR) will be comprised of myriad keynote presentations and industry meetings that touch on pressing topics in vehicle remarketing, including a town hall discussion on how data privacy and cyber security threats are impacting the industry.

Tags: IARA, Awards, NAAA, Remarketing Events, Conference of Automotive Remarketing

February 27, 2018 - Industry News

Spring Buying Arrives at Auto Auctions

Courtesy of Black Book.

Vehicle depreciation rates were at the lowest levels seen all year last week, as the effects of the spring market demand begin to kick in, according to Black Book’s Feb. 26 Market Insights report.

Tags: Depreciation, Black Book, Used Vehicle Values, Wholesale Values

February 27, 2018 - Press Release

ARI's COO to Discuss Disruption at Remarketing Conference

Bob White, executive vice president and COO for ARI, will discuss the latest disruptions impacting the remarketing industry at the 2018 Conference of Automotive Remarketing (CAR) at Caesars Palace Las Vegas.

Tags: Remarketing, ARI, Fleet Management Companies, Conference of Automotive Remarketing

February 23, 2018 - Industry News

Fleet Consignor Prices Rise 4.1% in January

Screenshot via KAR Auction Service.

Wholesale used vehicle prices for vehicles from fleet or lease consignors increased 4.1% in January from the prior month, but fell 0.3% from the same month a year ago, according to the latest Kontos Kommentary.

Tags: Tom Kontos, ADESA, KAR Auction Services, Used Vehicle Values, Wholesale Values

February 21, 2018 - Industry News

Late-Model Auction Volume Favoring Cars: J.D. Power

Courtesy of J.D. Power

In a reversal from the new-vehicle trend of trucks overtaking cars in market share, auction volume from the 2015 to 2018 model years favored the car segment in January. Late-model car auction volume accounted for 54% of the auction volume in January while trucks accounted for 46%.

Tags: J.D. Power, Used Vehicle Values, Wholesale Values

February 13, 2018 - Press Release

Emkay, ADESA to Raise Funds for Diabetes

KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1 diabetes research.

Tags: Emkay, ADESA, Charity, Fundraising

February 9, 2018 - Industry News

Lowest 5-Year Cost-to-Own Vehicles Named

Logo: KBB

Five General Motors vehicles from the 2018 model year have the lowest cost to own in their categories over a five-year period, while four Toyota or Lexus vehicles also made an annual list from Kelley Blue Book.

Tags: Operating Costs, Kelley Blue Book, TCO

January 29, 2018 - Industry News

Manheim's Digital Sales Reach 40% in 2017

Screencap from Manheim video.

In 2017, 40% of vehicles sold at Manheim were purchased through a digital screen versus in-lane, reported Manheim in a recent announcement. This meant that through 2017, 2 million vehicles at Manheim auctions were purchased through a digital transaction.

Tags: Manheim, Online Auctions, Manheim OVE

January 26, 2018 - Industry News

KAR Brings Hammer Back as ADESA President

Hammer

KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.

Tags: ADESA, KAR Auction Services, Executive Appointment

January 22, 2018 - Industry News

Fleet Lease Consignor Prices Fall 1.9% in December

Average wholesale prices for fleet lease vehicles were down 1.9% month-over-month, but up 0.4% year-over-year, according to Tom Kontos, KAR Auction Services' chief economist.

Tags: Tom Kontos, Consignors, KAR Auction Services, Used Vehicle Values

January 5, 2018 - Industry News

Used Vehicle Retention Weakens in December: Black Book

An index that tracks wholesale used vehicle values fell in December for the first time in four months at a time when the used vehicle market typically shows some weakness. It also reinforced 2017 as a growth year for used vehicle sales.

Tags: Black Book, Used Vehicle Values, Trends, Remarketing

January 3, 2018 - Global News

Jardine Motors Signs Three-Year Deal with British Car Auctions

United Kingdom-based Jardine Motors has signed a three-year deal with British Car Auctions (BCA) to remarket roughly 20,000 vehicles a year.

Tags: Dealership, Auctions, United Kingdom, Remarketing

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