Used Car Market Bracing for Off-Lease Tidal Wave Click to view online.


February 20, 2017
<p><em>Kennedy</em></p> Dan Kennedy to Retire from GM

After 39 years with General Motors — 31 of which were spent with the OEM’s remarketing organization — Manager of GM Remarketing Dan Kennedy has announced his intent to retire from the company.


<p><em>Courtesy of Edmunds.</em></p> Used Car Market Bracing for Off-Lease Tidal Wave

A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.


Ready Logistics Moved 194K Vehicles in January

Ready Logistics moved more than 194,000 vehicles in January, which was a 55% increase over January of 2016 for the Cox Automotive-owned company.



<p><em>Photo via Flickr.</em></p> CarMax Opens West Coast Reconditioning Hub

CarMax has opened a store in Murrieta, Calif., that will include a four-lane auction and serve as the West Coast reconditioning hub for the nation's largest retailer of used cars.


<p><em>Logo courtesy of the IARA</em></p> IARA Website Improves Online Member Management

The International Automotive Remarketers Alliance’s (IARA) new website has integrated software that is designed to improve online membership management.



Cars Outperform Trucks, Weekly Luxury Depreciation Rates Spike

Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to Black Book’s Feb. 13 Market Insights report.


<p><em>Photo of Bill Walton during the opening keynote at CAR 2016 by Chris Wolski</em></p> CAR Attracting Top Vehicle Consignors

The 2017 Conference of Automotive Remarketing (CAR) is preparing itself for the largest gathering of consignors that the conference has ever seen.


<p><em>O'Day</em></p> IAA Appoints New COO

Insurance Auto Auctions, Inc. (IAA) — a provider of vehicle liquidation, logistics, title processing, and inventory sourcing for damaged and lower value vehicles — has appointed Tim O’Day as its COO, according to a company announcement. He will be reporting to IAA CEO and president, John Kett, the company added.


Manheim Detroit to Feature Over 1,000 Trucks in Upcoming Sale

Manheim Detroit will be holding, what the company is calling, one of the largest truck-only sales on Feb. 23 at 9:30 a.m.


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