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GMAC Financial Services’ SmartAuction, an online remarketing channel for dealers, is listing off-lease vehicles from CenterOne Financial Services for sale, the companies said today. 4:22 pm U.S. ET | Oct. 15
Wholesale used-vehicle prices in September rose for the ninth straight month but have eased over the last two weeks because of declining retail demand, said Tom Webb, Manheim chief economist. 2:59 pm U.S. ET | Oct. 7
Independent auditors found that Barrett-Jackson Auction Co. complied with proper auction practices during the 2008-2009 season, the company said on Thursday. 2:29 pm U.S. ET | Oct. 2
ADESA auction parent KAR plans $400 million IPO
An initial public offering by the owner of used-car auction giant ADESA may raise the parent company’s credit rating, Standard & Poor’s said. KAR Holdings Inc. 12:01 am U.S. ET | Sept. 16 | UPDATED: 9/16/09 5:21 p.m. ET
Used-vehicle prices expected to rise for rest of 2009, ADESA says
Wholesale used-vehicle prices will continue to rise through the end of the year as a sellers' market holds its momentum, said ADESA's chief market analyst. 12:01 am U.S. ET | Sept. 8 | UPDATED: 9/9/09 12:55 p.m. ET
Used-car group is recruiting rejected dealerships
Several former Chrysler executives and dealers are helping recruit rejected Chrysler and General Motors dealerships to establish a used-car chain called AutoStar Superstore. The plan is to open the first five stores Oct. 12:01 am U.S. ET | Aug. 24
GMAC's SmartAuction Web site now sells vehicles any time
Dealers can now buy used vehicles offered for sale on GMAC Financial Services' SmartAuction Web site any time of the day or night, as part of an upgrade of the online remarketing channel. 4:09 pm U.S. ET | Aug. 11
Used vehicle prices rise 5% from year ago, Manheim says
Used-vehicles prices in July rose for the seventh consecutive month, according to the monthly Manheim Used Vehicle Value Index. The index in July stood at 115.4, up 5.0 percent from the year-ago month. 4:12 pm U.S. ET | Aug. 7
Used-vehicle sales will improve in second half, Manheim says
Though the overall economy will remain weak, used-vehicle sales will continue to rise in the second half of the year, a new midyear study from Manheim predicts. 12:00 pm U.S. ET | Aug. 3
Used-car sales taken for a ride by cash-for-guzzlers
Used vehicle sales are hitching a ride on the cash-for-guzzlers bandwagon, some dealers say. But others caution that the program will hurt the used-vehicle market down the road. 4:13 pm U.S. ET | July 29
Chrysler residuals rise after quick bankruptcy exit
The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker's rapid exit from bankruptcy. 10:16 am U.S. ET | July 9
Consumer groups seek liability warning on used Chryslers
Chrysler Group would have to affix stickers on its used cars warning customers of liability risks, under federal rule changes requested by consumer groups. 2:18 pm U.S. ET | July 7 | UPDATED: 7/8/09 1:25 p.m. ET
Used-car prices rise for bad reasons -- Manheim
Buyers and sellers of wholesale used vehicles are benefiting from rising used-vehicle prices, but the underlying causes for the increases are “universally bad,” says one industry analyst. 3:32 pm U.S. ET | July 7
GMAC's online auction for dealers on pace to top last year
SmartAuction, GMAC Financial Service's online remarketing channel for dealers, sold nearly 210,000 used cars and trucks through May. That reflects an annualized pace of 500,000 vehicle transactions, the company said today. 1:26 pm U.S. ET | June 26
