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Hurricane Florence Closes N.C. Auctions

At least two auctions curtailed operations as Hurricane Florence moved through the the Carolinas.

Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.

Article

Used Vehicles Thriving in 2018

Used-vehicle values have performed better year-over-year, despite an off-lease tidal wave in 2018.

Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.

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Used Fleet Vehicles Worth 8.1% More Than Last Year

Vehicles that went to auction from fleets performed the strongest in July, according to KAR...

Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.

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Wholesale Fleet Vehicle Values Fall 1% in June

Mid-size sedans, in particular, performed well in the wholesale market. Mid-size sedan...

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

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NAAA Begins Recall Awareness Campaign

The National Auto Auction Association is teaming up with the National Safety Council to reduce...

The National Auto Auction Association will begin raising awareness among its members about dealing with open recalls on vehicles that are sold at wholesale auctions under a new partnership with the National Safety Council.

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Avis Opens New Car Sales Locations

All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.

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Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Courtesy of SiriusXM.

Enterprise Car Sales has joined the SiriusXM Pre-Owned Program, meaning that customers who purchase a used vehicle from an Enterprise Car Sales location will be offered a three-month subscription to SiriusXM’s All Access audio package, according to a company announcement.

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Used Vehicle Sales Increase 1.6% to 39.2M

Photo via Laitr Keiows/Wikipedia.

The used-vehicle industry reached a record-breaking 39.2 million in sales in 2017, representing a 1.6% year-over-year increase, according to the latest Used Car Report from Edmunds.

Article

Fleets Assess Hurricane Impacts

Enterprise Holdings sent 17,000 vehicles to Texas following Hurricane Harvey to meet demand for...

Some 600,000 to 1 million vehicles were severely damaged or lost as a result of Hurricanes Irma and Harvey, resulting in a spike in vehicle sales and buoyed depreciation.

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2016 CAR Event Highlights

More than 600 remarketing professionals attended the 2016 Conference of Automotive Remarketing...

The 2016 Conference of Automotive Remarketing (CAR) took place March 16-17 at Caesars Palace, Las Vegas. Now in its 21st year, CAR delivered high-quality discussions and information on subjects ranging from automating the if-bid system to how to maximize auction earnings to a look forward to residual values for 2016-2017. In addition, attendees had plenty of opportunities to network and build their personal and professional connections. Photos by Chris Wolski and Steve Reed.

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South American Fleet Market: Diverse & Complex

Source: General Motors

The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.

Article

CAR Celebrates 20th Anniversary

CAR attendees chatting as they enter the conference. Photo courtesy of Chris Wolski.

The Conference of Automotive Remarketing (CAR), which is produced by Bobit Business Media, publisher of Automotive Fleet, celebrated its 20th anniversary with special events and contests — and a cake provided by sponsor ServNet.

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Auto Focus

A blog on fleets, auto rental and the business of cars.

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