Bobit Business Media's VehicleRemarket.com has undergone a complete redesign that makes the website a robust, efficient resource for consignors, auctions, and other remarketing professionals.
A Florida dealer and Oldsmobile collector has purchased three sedans that were the last of their kind from one of the automotive industry's oldest nameplates when General Motors ceased production in 2004.
The used vehicle market should grow about 1% in 2018 bolstered by a federal tax cut and influx of utility vehicles, while new vehicle sales are expected to remain flat, according to Cox Automotive's senior economist.
Nissan North America has named Marty Gleason its director of fleet sales. Gleason comes to the role from Nissan's pre-owned and CPO division, where he was a senior manager.
Manheim has closed its Puerto Rico facility and will close four of its Florida auctions on Friday ahead of Hurricane Irma's expected landfall in Florida over the weekend, according to the company.
Higher-mileage vehicles, including diesel trucks, 4x4, and higher trim grades are faring well in Nevada and Colorado.
Trucks and utility vehicles have remained strong in spring auction lanes, even though Pacific coast auctions have seen the used vehicle market soften in the past month.
Southeast-region auctions are seeing a seasonal increase in values driven by tax-return-driven buying at dealer lots, but say the spring bump isn't as pronounced in 2017 in part due to the delay by the IRS to issue returns in late February.
Retiring General Motors remarketing manager Dan Kennedy accepted the Industry Leadership award from Bobit Business Media at the 2017 Conference of Automotive Remarketing (CAR).
Mike Hockett, who founded the Auction Broadcasting Company and ADESA, accepted the Ed Bobit Industry Icon award at a March 1 ceremony at the Conference of Automotive Remarketing (CAR) for his contribution to the industry.
Tony Moorby accepted the International Automotive Remarketers Alliance's (IARA) Circle of Excellence award for his contributions to the betterment of society and the remarketing industry at a luncheon preceding the opening of the Conference of Automotive Remarketing (CAR).
The 2017 Chevrolet Bolt EV should retain as much as 39% of its value after three years of retail leasing, which is significantly better than other mainstream competitors, according to ALG.
Largo, Fla.-based Fleet Street Remarketing has hired Debbie Struna as national account manager. Struna left her role as Volkswagen of America's fleet account manager for the Pacific Region earlier this month.
Large pickups and mid-size SUVs, especially those vehicles with all-wheel drive, sold particularly well in December and January in Colorado and Idaho, as a mild winter didn't affect Colorado, while heavy snow and ice muted auction activity in Idaho.
Auctions in the Pacific Northwest and across the northern tier of the U.S. have seen a healthy influx of Canadian units over the past two years as a result of a softening economy in western Canada and a weak Canadian dollar.