absautoauctions

Remarketing News

• GM's summer auction action slows
  General Motors will send fewer used vehicles to auction this summer. The automaker has cut the number of sales dates at almost half the auction sites that handle vehicles it sells exclusively to its dealers.
• Bringing the auctions to the dealers
  Tony Fiori used to drive 130 miles to an auction when he wanted to wholesale used vehicles. Now the auction comes to him. Vista Honda in Ventura, Calif.
• NADA Guide predicts year-old Leaf will retain 95% of value
  The NADA Official Used Car Guide has added average trade-in values for 1-year-old Chevrolet Volt and Nissan Leaf sedans to its used-vehicle value listings. Both cars plug in.
• Used-vehicle prices ease in April, index shows
  For the first time in six months, used-vehicle prices in April stopped their upward trajectory and showed signs of easing, according to a closely followed gauge released today. The Manheim Used Vehicle Value Index in April stood at 126.
• Rise in used-vehicle prices loses steam
  Prices of late-model, fuel-efficient used vehicles remain strong, some dealers and analysts say, but compared with earlier this year the prices are rising more slowly or even falling slightly.
• Why a trade-in might become an offer I can't refuse
  When it comes to trade-ins, make me an offer I can't refuse. I believe there's a sweet spot for consumers to sell their cars.