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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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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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.
Read More →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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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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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.
Read More →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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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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Chevin's updated website has been given new features and is now more mobile-friendly.
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The IARA held its Compliance Committee summit meeting where it laid out the plans for the organizations newly formed committee that explores the simplification of compliance and audit procedures in the remarketing industry.
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