Vehicle Remarketing Logo

News

Auctionsby Martin RomjueJanuary 3, 2024

2023 Fleet Vehicle Sales Soar Past 2 Million Mark

The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.

Read More →
Auctionsfrom News/Media ReleaseJanuary 3, 2024

OPENLANE Launches AI Tool to Pinpoint Vehicle Damage

The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.

Read More →
Used Vehicle Valuesfrom News/Media ReleaseDecember 20, 2023

Wholesale Used Vehicle Prices Show Small Rise

Wholesale supply ended November at 30 days, up one day from the end of October and flat year over year.

Read More →
Ad Loading...
Used Vehicle Valuesfrom News/Media ReleaseDecember 19, 2023

Used Vehicle Inventory Tightens as Year Ends

While the used vehicle market is not fully back to normal, it shows signs of more stability and balance.

Read More →
Fleetfrom News/Media ReleaseDecember 15, 2023

New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply

The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.

Read More →
Operationsfrom News/Media ReleaseDecember 14, 2023

AFC President Jim Money Plans to Retire Next Year

The longtime automotive remarketing executive is credited with establishing a best-in-class risk management approach and accelerating the company’s digital transformation.

Read More →
Ad Loading...
Fleetfrom News/Media ReleaseDecember 12, 2023

New-Vehicle Prices Down YOY for Third Straight Month

Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.

Read More →
Used Vehicle Valuesfrom News/Media ReleaseDecember 8, 2023

Wholesale Used-Vehicle Prices Decrease in November

Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.

Read More →
Auctionsfrom News/Media ReleaseDecember 7, 2023

Leaders Take New Posts at ServNet Auction Group

The national network of independently-owned wholesale auto auctions plans to build and strengthen its auction teams.

Read More →
Ad Loading...
Used Vehicle Valuesby Martin RomjueDecember 7, 2023

Data Shows More Balance in Used Vehicle Market Transactions

A third quarter report from AutoIMS comes amid the outside pressures of inflation and the United Auto Workers strike.

Read More →