Vehicle Remarketing Logo

News

Used Vehicle Valuesfrom News/Media ReleaseJanuary 17, 2024

Wholesale Used Vehicle Prices Start Year with Decline

All major vehicle segments saw price declines compared to last month, with most categories exceeding the average industry decline.

Read More →
Operationsfrom News/Media ReleaseJanuary 12, 2024

Cox Launches Technician Diversity Campaign

A female mechanic is leading an initiative to honor and recognize women’s crucial role in the transportation industry and support for those fighting breast cancer.

Read More →
Fleetfrom News/Media ReleaseJanuary 12, 2024

EV Prices End Year Down 18% Since January 2023

Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.

Read More →
Ad Loading...
Used Vehicle Valuesby Martin RomjueJanuary 11, 2024

Hertz to Replace One-Third of EV Fleet with ICE Vehicles

In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.

Read More →
Fleetfrom News/Media ReleaseJanuary 10, 2024

Record 1.2 Million EVs Sold in U.S. Last Year

While sales reached all-time highs, the oft-reported slowdown in the pace of growth is real as electric vehicles still remain too expensive for many average car buyers.

Read More →
Auctionsfrom News/Media ReleaseJanuary 9, 2024

New 360 Scanner Uses AI To Detect Vehicle Damage

The inspection technology closely combs a car’s exterior during the check-in and check-out process and generates a complete damage report within seconds.

Read More →
Ad Loading...
Auctionsby StaffJanuary 9, 2024

International Automotive Remarketers Alliance, Bobit Media Enter Long-Term Agreement for CAR Event

The leading consignors trade group and the producer of the annual Conference of Automotive Remarketing (CAR) align to bolster event offerings and better serve the remarketing industry.

Read More →
Used Vehicle Valuesfrom News/Media ReleaseJanuary 8, 2024

Used Vehicle Values Fall By 20% Since 2021 Peak

Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.

Read More →
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 →
Ad Loading...
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 →