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NewsDecember 22, 2016

Weekly Subcompact Values Depreciate Heaviest

While truck segments retained their values better than cars, subcompact vehicle values in both car a truck categories showed steeper declines compared to all other vehicles.

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NewsDecember 20, 2016

VW Reaches $1B Settlement for 3.0L Diesels

Volkswagen has reached an agreement to settle claims relating to its 3.0L V-6 TDI engines with a commitment to buy back a quarter of the vehicles, set aside $225 million toward emissions reduction, and pay $25 million to support the use of zero emission vehicles (ZEVs) in California.

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NewsDecember 20, 2016

ADESA: New Vehicle Incentives Pressure Used Pricing

A new threat to used vehicle prices seems to be arising from increased new vehicle incentives, which have been relatively benign through this cycle of price softening.

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NewsDecember 19, 2016

Maserati Partners with Manheim to Centralize Remarketing Process

Maserati North America has partnered with Manheim to centralize its processes for wholesaling vehicles, including revamping its fleet management program and the liquidation of its off-lease, buyback, and company-owned units.

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NewsDecember 19, 2016

Voting Opens for 2017 Consignor of the Year

Voting is open for the 2017 Consignor of the Year award, sponsored by the Bobit Business Media and the National Auto Auction Association. The ballot closes on Wednesday, Jan. 25, and the winner will be announced at the 2017 Conference of Automotive Remarketing, held March 1 to 2 at the Paris Las Vegas Hotel.

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NewsDecember 16, 2016

Patty Stanley Inducted Into NAAA Hall of Fame

Patty Stanley, ServNet's chairman of the board and owner of two ServNet auctions, has been inducted into the NAAA Hall of Fame. She received the honor during the NAAA/NRC Convention in Las Vegas in November.

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NewsDecember 16, 2016

2017 CAR to Address Trending Remarketing Topics

The 2017 Conference of Automotive Remarketing will feature a wide array of consignors participating in panel discussions around the most pressing topics in the vehicle remarketing industry over two days in early March, event organizers announced.

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NewsDecember 15, 2016

Dealers Auto Auction Raises $40K to Combat Rare Disease

Dealers Auto Auction (DAA) Group raised $40,412 for the Kruz’n for a Kure foundation, which aims to find a cure for a fatal form of dwarfism.

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NewsDecember 13, 2016

Compact Van Retention Values Plummet

Two-year-old compact van retention values declined sharply this year, with the values being four-percentage points lower this year for 2014 model-year vehicles in comparison to last year for 2013-MY vehicles.

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NewsDecember 13, 2016

Chevin Fleet Solutions Upgrades Website

Chevin's updated website has been given new features and is now more mobile-friendly.

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