All Blog Posts (25)

Countywide Collateral Recovery

Hello,
My name is Heather and I am a managing owner of Countywide Collateral Recovery. I would like to invite any direct lenders, remarketing services, portfolio services, or dealerships to use our services. Countywide Collateral Recovery has a recovery rate / cure rate unlike any other auto repossession company in the United States. On top of that our customer service has been rated #1 in Orange County and Los Angeles County with our current clients.

Visit our webs

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Added by Heather on February 18, 2010 at 1:07pm — No Comments

How to get the price to ship a car or truck

>How do I determine a reasonable pay rate to transport my car? Determining a pay rate may seem difficult, but in reality, it is fairly simple. There is no exact formula or set rates, and average prices can change due to economic conditions and the time of the year, however with a little bit of thin… Continue

Added by Donald Nutter on January 13, 2010 at 3:15pm — No Comments

Madoff’s Mercedes Goes on the Block

While used cars have been fetching premiums at auction the past few months, an eight-year-old station wagon going on sale tomorrow might yield more than its book value for another reason. Its former owner: convicted conman Bernard Madoff. Madoff’s 2001 Mercedes E320 black station wagon will be auctioned off tomorrow in East Brunswick, N.J. It has 41,000 on it, and a suggested value of $14,000 in excellent condition, according to Kelley Blue Book. Madoff is serving a 150-year prison sentence fo… Continue

Added by Marcie Belles on October 22, 2009 at 12:06pm — 1 Comment

New Auction Opening in Pittsburgh

Insurance Auto Auctions has opened a new facility just outside of Pittsburgh. This is the salvage auction company's third facility in the Three Rivers area. The new location will provide "salvage remarketing services and offer additional storage and sale capacity to its customers," according to a company press release. Here are excerpts from the release.

"The Pittsburgh area is a fast-growing market for us and we are pleased to announce this third location that is

… Continue

Added by Mike Gibb on October 20, 2009 at 11:30am — No Comments

Used Car Prices Break Record

Wholesale used vehicle values reached an all time high this week, according to the Manheim Used Vehicle Value Index. Specifically, the Manheim Index for September jumped to 118.5, up 6.8 percent from this past January. Why the price hike? Low inventories is one reason, especially in the wake of Cash-for-Clunkers. Manheim Consulting first started to track the data in January 1995. Continue

Added by Mary Wisniewski on October 9, 2009 at 11:00am — 1 Comment

A Sad End for Saturn

The world learned yesterday that Saturn will die a quiet death, instead of becoming part of Roger Penske’s empire. GM’s sale of the brand to Penske Automotive Group fell through, reportedly, because Penske was unable to secure a long-term partner to build vehicles for distribution under the Saturn name. Stunned Sa… Continue

Added by Alex Kwanten on October 1, 2009 at 2:30pm — 1 Comment

No Bids: GM-eBay Deal Crashes

From the WSJ:

General Motors Co.'s short-lived effort to sell cars online through eBay Inc. will end this week, a person familiar with the situation said Tuesday. The program, launched Aug. 11 as a pilot program in California, hasn't driven major sales for the auto maker, according to dealers and early sales figures. ... The eBay deal was initially set to end on Sept. 8 but was extended through the end of the month.

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Added by JJ Hornblass on September 29, 2009 at 11:56am — No Comments

An Expensive Experiment?

General Motors scores points for originality on its latest vehicle incentive program, a 60-day buyback promotion launched Sept. 13. But the promo could come back to bite the OEM if consumers take advantage of the two-month return policy. GM’s “60-Day Satisfaction Guarantee,” as the program is called, enables buyers of 2009 or 2010 Cadillac, Chevrolet, Buick, and GMC vehicles a 60-day money-back guarantee on their purchases. Customers may return their vehicles starting 31 days after purchase, as… Continue

Added by Marcie Belles on September 23, 2009 at 2:30pm — 2 Comments

Frame Job: How Frame Damage Can Quickly Sink Remarketing Goals

Why is it that the most important tasks that need to be performed are often the hardest to do? That may be the case for car remarketers in identifying frame damage. Those remarketers who fail to first identify frame damage and then disclose that information to potential buyers at an auction could face costly consequences—both in terms of real dollars and damage to their reputation. But while identifying frame is usually difficult to the untrained eye, there are materials and training programs… Continue

Added by JJ Hornblass on September 18, 2009 at 10:46am — No Comments

Adesa Proposed IPO Yet Another Positive for the Auto Biz

First, it was the Cash for Clunkers program. Then, it was some heartening car-sale numbers. Now, it is Adesa's planned $400 million initial public offering. Things are looking up for the auto industry. Adesa's parent Kar Holdings Inc. filed for an IPO yesterday. The company did not set an offering date. In the filing, which you can view… Continue

Added by JJ Hornblass on September 15, 2009 at 9:30am — No Comments

C4C Depresses Used-Car Values — Temporarily

“Cash for Clunkers”-induced new-vehicle sales put a damper on used-car prices in August, but auction rates should head back up as demand remains strong. Wholesale used-car prices averaged $9,949 in August, down 0.7% from July, according to fresh data from ADESA Analytical Services. But inventory levels for used vehicles remained relatively low at 33 days and conversion rates were still high, according to ADESA, which means demand is still there. In a nutshell, unemployment rates are nearly in… Continue

Added by Marcie Belles on September 14, 2009 at 1:01pm — No Comments

Imports Snatch Lease Share from Domestics

Lease penetration has hovered around 15% since mid-2008, but imports have grabbed a bigger slice of the pie. So far this year, lease penetration for domestic trucks and SUVs has dropped to 5.4% from 8.7% in the latter half of 2008, according to new data from Automotive Lease Guide. For domestic cars, penetration has declined to 9.1% from 11.7%. Meanwhile, marketshare among imports has climbed to 23.1% from 21.1% for cars and to 19.0% from 16.9% for trucks and SUVs. In the first half of 2008, le… Continue

Added by Marcie Belles on September 2, 2009 at 12:30pm — 1 Comment

Pricing Falters at Classic Car Auction

While demand for used vehicles has pushed up auction prices, the collector car market has lost traction. At a Bonhams & Butterfields auction in Carmel, Calif., this week, car collectors ponied up $14 million for vehicles including a 1933 black convertible Duesenberg (which sold for $1.4 million) and a 1961 Mercedes-Benz 300SL Roadster (which went for $804,500).… Continue

Added by Marcie Belles on August 27, 2009 at 3:00pm — 1 Comment

AuctionACCESS Simplifies Management for Members

Greater access is always what I want in the technology I use. And, yesterday, dealer registration system AuctionACCESS, developed by AutoTec, LLC, announced such an initiative with its latest enhancement: Now its members can view and upload digital versions of required documents and licenses on their myAccess profile pages. (Forms could include driver's license… Continue

Added by Mary Wisniewski on August 18, 2009 at 11:30am — No Comments

Rating Sites Let Consumers Crown Dealers King

A dealer doesn’t have to be a contestant on a reality show for America to cast its votes. Thanks to the proliferation and popularity of rating sites, consumers are publicizing their likes and dislikes of dealerships across the nation online. And dealers are tuning into the rants and raves, dubbing DealerRater, Google and Yelp as the top th… Continue

Added by Mary Wisniewski on August 18, 2009 at 9:00am — No Comments

Demand Pumps Up Auction Prices

Used-car prices at auction have increased 8% since the start of the year, averaging more than $10,000 for the second straight month, according to fresh data from ADESA Analytical Services. Meanwhile, conversion rates — the number of units sold as a percentage of those offered — remained “well above” the 60% norm, according to ADESA. Among all vehicles, the average auction price in July was $10,017, down 1.2% from June but up 7.3% from July 2008. A number of truck segments showed double-digit… Continue

Added by Marcie Belles on August 13, 2009 at 1:30pm — No Comments

Dollar Thrifty Puts Entire Fleet Up For Online Auction

Why wait for a rental car to be retired before remarketing it? Dollar Thrifty Automotive Group has teamed with OPENLANE to remarket its rental cars while the vehicles are still part of the fleet, according to a press release distributed today. Car dealers will be able to purchase any vehicle in Dollar Thrifty's fleet, at any time. Dollar Thrifty had been using OPENLANE to remarket its vehicles after they had been retired. A copy of the press release is available… Continue

Added by Mike Gibb on August 12, 2009 at 4:29pm — No Comments

An Inside Look at the Repo Business

Check out this interesting read about the evolution of the repo business during these tough economic times. Some repo agents report that business has doubled in the past year, mostly because of borrowers who have hit upon hard times. Lenders, too, have granted more leeway for these delinquent borrowers, waiting until 90 or 120 days before initiating repossession proceedings, as opposed to the… Continue

Added by Marcie Belles on August 12, 2009 at 12:23pm — No Comments

SmartAuction Makeover

Shopping just got easier for SmartAuction buyers, with GMAC today announcing updates to its online auction. Buyers can now compare up to five vehicles in a single view, for example, and shop outside of traditional auction hours. (Read more about the updates here.) I am no frequent car buyer, but I am a Gilt G… Continue

Added by Mary Wisniewski on August 11, 2009 at 1:30pm — No Comments

Blowing the Doors Off Residual Value Analysis

The Chevrolet Volt, a prototype of which hit the roads of Michigan last week, will reportedly get 230 miles per gallon in city driving. Yes, you read that right, 230 MPG. According to the Wall Street Journal, "the Volt, slated to begin production in late 2010, is ex… Continue

Added by JJ Hornblass on August 11, 2009 at 9:30am — No Comments

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