NTEA Fall Conferences Loaded with Industry Insights

Work truck industry professionals are encouraged to attend NTEA’s Fall Conferences in Dearborn, MI – the Business and Market Planning Summit (Sept. 9) and the Truck Product Conference (Sept. 10-12). Together, these conferences deliver an impressive lineup of speakers that will provide insight into the economic projections and future products that can impact your business […]

AFLA 2013 Conference: Fresh Ideas, New Insights, New Contacts, New Perspectives

Where can you find fresh ideas to reinvigorate your business, discover new insights, make new contacts and gain new perspectives? Top rated speakers from across the nation will put you in the driver’s seat with opportunities to: Engage with speakers from leading organizations. Gain valuable insights into current challenges & opportunities in the automotive industry. […]

GPS Insight Takes Silver Award for Enterprise Product of Year

GPS Insight just won the silver award for Enterprise Product of the Year for the Best in Biz Awards 2013 International. The leading provider of GPS fleet tracking software was recognized for providing service to their more than 1,600 customers, which typically yields 500% or more return on investment. Large customers are seeing millions of dollars in return through increasing productivity and safety and decreasing overall operating costs......

NextGear Capital Presenting Two Awards at NAAA Convention

NextGear Capital has created two new industry awards to recognize independently-owned auto auctions for their dedication to and support of the industry. The introduction of these two awards will take place at the National Auto Auction Association’s annual convention on Sept. 4th in Indianapolis, Ind.

The Operational Excellence Award will be presented to the auction that demonstrates excellent efficiency, top sales retention and overall operational performance, and most effective response to the needs of NextGear Capital. Remarketing Excellence Award will recognize the auction that demonstrates the highest percentage of sales recovered based on percentage of valuation of each vehicle, the best throughput performance (number of days from when a vehicle is at the auction to days sold), and the best sales follow-up (efficient timing on getting proceeds of sales to NextGear Capital).

CarMax is the Giant in Retail Used Vehicle Sales

CarMax Inc. is the giant in retail used vehicle sales in the US. In its 2012 fiscal year, it sold twice as many used cars and trucks than its nearest competitor, AutoNation Inc. CarMax specializes in used vehicles up to six years old, offering consumers no-haggle prices and a low-pressure buying environment.

Selling late-model used vehicles pays off for CarMax. The average retail selling price of for CarMax was $18,995 in its fiscal year ending Feb. 29, 2012, vs. $17,547 at franchise dealerships for used vehicle transactions in 2012, according to the National Automobile Dealers Association.