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The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
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The Automotive Lease Guide (ALG), a respected residual forecasting guidebook, predicts that average resale values in the 2003 calendar year will be five percent lower than those in 2002.
Read More →Toyota Financial Services (TFS) and Lexus Financial Services (LFS) continue to maintain their leadership positions in leveraging technology with the announcement of their latest venture.
Read More →Greg Jelinek, executive vice president of National City Bank and manager of dealer finance, announced September 2, 2003 the appointment of Garry Marquiss as general manager of National City’s automotive finance division.
Read More →The confirmed speakers for Conference of Automotive Remarketing (CAR 2004) include some of the most influential leaders in automotive remarketing. They will share their collective knowledge, industry insights, and market forecasts for 2004 and beyond at the Mandalay Bay Resort and Casino in Las Vegas on January 21-23, 2004.
Read More →While Quincy Auto Auction is physically located in an ideal spot for growth, General Manager Mike Cooley reports that the efficiency of the AutoIMS system is helping attract additional national accounts. “We’ve been using the system with several clients for the past six months, and they’re pleased with the results,” Cooley says.
Read More →A new off-lease remarketing program, known as AutoMatch, has been developed by autobytel to facilitate the wholesaling and retailing of vehicles by matching dealers and customers to vehicles prior to grounding using an Internet-based system.
Read More →SGS Automotive Services announced on August 14 that it has implemented a new Customer Service Center in Cincinnati for appointment scheduling and customer service that is speeding the process of readying off-lease and other vehicles for resale through the Internet.
Read More →Imperial Auto Auction has announced that Laura DeLap has been promoted to assistant general manager. DeLap previously served as business manager at the facility.
Read More →Programming Concepts, Inc. (PCI) announced on August 5 the introduction of its Internet-based vehicle remarketing system (webVRS).
Read More →By Mike Antich, Editor, Vehicle Remarketing magazine. A new concern is emerging in the used-vehicle market about the possibility of a future softening of resale values for full-size pickups. Currently, and throughout the 1990s, resale values for full-size pickups have been extremely strong. The concern is that the supply-and-demand imbalance we are seeing today with SUVs in the wholesale market
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