Please take a moment and look at this image, if you have any feedback, please provide it. Thank you in advance for your time.

Most dealers, wholesalers, auctions, data suppliers, etc. were able to see this coming over the past few years, what measure did you or they put in place to facilitate this situation?

Follow this link to view the current poll standing; http://linkd.in/kBdpbR

News Release Issued: March 11, 2011 8:00 AM EST

DETROIT (March 11, 2011) – SmartAuction, Ally Financial’s online used vehicle auction, received the 2010 “Best Performance – eChannel” award from Avis Budget Group. The award was announced at the 2011 Conference of Automotive Remarketing (CAR).

According to Greg Thibault, Avis Budget Group’s vice president of Fleet Disposal, SmartAuction helped Avis Budget Group remarket more vehicles from its fleet than any other online auction company in 2010 and had consistently high performance levels within several key measurement statistics.

”Avis Budget Group relies on all of its remarketing service providers to meet or exceed certain performance metrics each year, and Smart Auction delivered exceptional results for us in 2010.”

Mark Newman, SmartAuction managing director, said the company’s strategy to provide a wide range of high-quality used vehicles to dealers creates an attractive platform for consignors, including rental car companies. With an average 13,500 vehicles posted on the site daily representing 40 different makes, dealers have a broad array of products to review and purchase to help stock their used vehicle lots.

“Highly engaged consignors like Avis Budget Group have found they are able to efficiently market their inventory with tools like SmartAuction because of the quality of the dealer community it draws,” said Newman. “We appreciate the recognition of our efforts as a leading auction channel and look forward to helping Avis Budget Group and other SmartAuction users continue to match the right vehicle with the right customer.”

About SmartAuction
Launched in 2000, more than 3.5 million vehicles have been sold through SmartAuction since its inception. In 2010, approximately 412,000 units were sold in the United States on SmartAuction. Approximately 104,000 units, or more than 25 percent of its volume, came from dealers, leading consignors of rental, repossession, and independent auction inventory. For more information about SmartAuction visit www.smartauction.biz.

About Ally Financial Inc.
Ally Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. With more than $172 billion in assets as of Dec. 31, 2010, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com.


Contact:

Tony Sapienza
Tony.sapienza@ally.com
313-656-5005

Please leave a commemt

Mark Zuckerberg, who built Facebook into an online powerhouse with nearly 600 million users and was the subject of this year's hit film "The Social Network," has been named Time magazine's Person of the Year. The Facebook CEO beat out The Tea Party, The Chilean miners and WikiLeaks creator Julian Assange. He joins an elite list of high-tech entrepreneurs and business leaders who have been selected by Time. Amazon.com founder Jeff Bezos was named Person of the Year at the peak of the dot-com boom in 1999, while Bill and Melinda Gates received the honor (along with Bono) for their philanthropic work in 2005. Intel's Andy Grove was selected in 1997.
Read the full story: Mark Zuckerberg named Time's Person of the Year, following in footsteps of Gates and Bezos

IMPORTANT – Car Dealers remember to check anti freeze level before having wholesale vehicles shipped to auctions. It’s now freezing out there in a lot of places.

About us:
CarrierRates mission is to help dealers, auto auctions, and others vehicles shippers improve their vehicle deliveries and profits. With a comprehensive easy to use web protal for timely and competitive automotive transporation rates and schedules.

DETROIT (Nov. 8, 2010) – SmartAuction, Ally Financial’s online auction web site, today unveiled Dealer eVantage, a new suite of electronic tools designed to help consignors and buyers more effectively and efficiently buy and sell vehicles on SmartAuction.

At the heart of SmartAuction’s Dealer eVantage is the use of proprietary analytics to create personalized alerts for each user.

“We believe SmartAuction may be the only online wholesale auction platform offering the personalized information Dealer eVantage provides,” said Mark Newman, SmartAuction managing director. “Dealer eVantage provides both our buying and selling dealers valuable information which can immediately improve their remarketing operations.”

The buyer alert provides a starting point for navigating through more than 12,000 daily vehicle postings on SmartAuction. Buyers receive an email each morning detailing specific new inventory added to the site the night before with the best possible match to the dealer’s inventory requirements and profile. These buying alerts make use of a specialized algorithm using several factors including bidding and purchase histories and retail and wholesale market demographics to provide a tailored run list of new offerings.

The seller alert provides information on the likelihood of a vehicle receiving multiple bids based upon a comparison of the seller’s initial pricing against SmartAuction’s own proprietary pricing model. SmartAuction’s model takes into account more than 500,000 wholesale transactions annually from both physical and online auctions as well as current third-party market value data.

“Dealer eVantage allows us to leverage the benefits of an online auction to provide tailored, and current information on both vehicle offerings and vehicle pricing to our dealers,” said Newman. “We are gaining momentum in the dealer to dealer trade and we believe these tools will help dealers buy and sell more effectively on SmartAuction. Going forward we plan to enhance and expand the Dealer eVantage tool kit to continue to address dealer remarketing needs.”

About SmartAuction
Launched in 2000, more than 3.4 million vehicles have been sold through SmartAuction since its inception. In 2009, approximately 440,000 units were sold in the United States on SmartAuction representing 45 different vehicle makes. With more than 10,000 registered SmartAuction users, more than 4,000 franchise and non-franchise dealers log in daily to SmartAuction. For more information about SmartAuction visit http://www.smartauction.biz/.

About Ally Financial
Ally Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. With more than $173 billion in assets as of Sept. 30, 2010, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com/.

Contact:

Mike Stoller
248-746-5488
michael.r.stoller@ally.com

Ally Media Center - Press releases

By John Skelton
If you are an automotive car dealer professional, or a automotive car dealer technology provider I would like to invite you to join DTEC an automotive car dealer technology industry professional group on LinkedIn.

Join with other Automotive Car Dealers and Technology Professionals from around the globe to improve sales and profits for the automotive car dealer. Free to join then… learn or share your best products, service, ideas, and solutions to collective power automotive car dealers.

Let’s grow DTEC collectively into the coopertition association automotive car dealers want and need.

By John Skelton

When we start to read something, it has to grab us fast, sometime we do not even know that it has grab us until days later. This is nothing new, however the amount of information available to us today coming so fast through internet technology has become a job in and of itself to process quickly. For me I may hang on a bit longer than most in reading some of the information once it grab me. Yes! I must admit at time I feel foolish for spending a fair amount of my time reading. Only until I come across that article that make me want to come out of my skin. This only happens when I read articles that interest me plus the writer(s) words resonates with me.

Now with me being in auto shipping technology I have a tenancies to read a lot about car dealers, OEM’s, wholesale auto auctions, car rentals, dealer technology providers, etc… Recently I was doing some reading over on DealerElite and came across a group called Nothing but Net and started to do some quick reading. Well hours later I wanted more than was there.

This women writing on Nothing but Net is beyond most anything else I have ever read in regards to trying to help car dealers improve their bottom line. Her name is Nancy Simmons and she is a long time car dealer comptroller. The only thing I could find missing from Nothing but Net was mass car dealer principals, comptrollers, GM’s, GSM’s, USM’s to provide insightful information to her writings. Folks this is a forward thinking women and not only does she get it, she doing it “coopertition”. I encourage you to cruise on over to DealerElite and do a little headline reading in the group titled Noting but Net. Once that happens, I feel you to will be amazed and join like I did. Plus you will help make me feel a little less foolish.

By GINA CHON

Autotrader.com is expected to announce Tuesday the $500 million-plus acquisition of venerable Kelley Blue Book Co., the best-known provider of information about the value of new and used cars.

The deal will unite two closely held companies in an effort to create the leading player for car buyers using the Internet to research purchases. The companies garner at least 13 million unique visitors each a month, according to the companies.

AutoTrader.com acts as a middleman for car sellers and buyers, aggregating sales information from auto dealers and private sellers. Sellers can also advertise vehicles on the website.

Originally known for its blue-bound guides, Kelley Blue Book now does most of its business on the Internet, where it provides new and used vehicle information, including up-to-date resale values and what buyers are paying for new vehicles. NEWS: wsj.com read more

I just learned of another phone app set to launch in 2011 called XLane. XLane provide a complete mobile & online solution for auto dealers to manage the entire lifecycle of their used and trade-in vehicles, from appraisal assistance to custom auctions.

XLane is a B2B professional network for licensed automobile dealers doing business anywhere in North America.

XLane on October 12, 2010 released a beta version, you may be interested in. Read more at Xlane

Over here at CarrierRates we’d like to hear your comments. Either post them here or on LinkedIn Online Dealer Auto Auctions group.

I don’t know you tell me



Cop and Robber VW Art Car Sculpture by LInda Bakke

Set for a January 2011 rollout Rent2Buy allows participating rental car companies to list units for sale that are still for rent, therefore avoiding the traditional fees and time associated with a traditional auction sale.

CarrierRates knows it is no secret dealer inventory has been challenging for car dealers to purchase at auto auctions this year and it appears 2011 wholesale inventory will become even more challenging thorough this rollout in January. Read Rent2buy Virtual Auto Mall Announcement then comeback and leave your comment.

The automotive industry spent a lot of time and resources over the past 15 years on embracing technology for retail sales. Now, they are looking for meaningful technology to embrace the back end of their operations.

In their quest, they have discovered online wholesale auction buying websites. Dealers are now searching and buying inventory at a greater pace than ever before through wholesale websites. This wholesale buying technology is proving to be good for them as their provided the ability to locate and buy inventory nationwide right from a computer devise from wherever their comfort zone. This is great.

However, this technology is causing changes on how auto shipping handled. For instance most dealers have one to several preferred carriers they ship with on a regular basis and route. That’s good. However, those carriers’ are often regional carriers and do not operate in many of the areas the dealers is now buying from. Furthermore, dealers inventory needs are not completely available at their long-established auctions anymore, forcing them to more often buy less-than-load at various actions across the country, making partial loads more present than ever before. This trend appears to be here to stay and is where dealers and carriers need to work together through technology to boost dealers’ delivery times.

What we here at CarrierRates would like to know from you is where do you experience your most pain with auto shipping? For example is it the amount of time it takes you to locate an available carrier, poor communication, delivery time, shipping cost, and so on..

Looking Ahead to 2010: Expect Some Market Adjustments

According to OPENLANE's Nagi Palle, 2009 ended with atypical wholesale market conditions, and 2010 is also beginning with such conditions. These will have implications for both pricing and volume expectations for both sellers and buyers. It will be important throughout 2010 to recognize that "typical" expectations may not be valid.
Openlane: Don't Expect a "Typical" Wholesale Market this Year - News - Business Fleet

How much will one pay to own the 1930 Model A own by the famous bank robber John Dillinger ?
Dillinger, Beach Boy cars highlights of 2010 Barrett Jackson

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by Joe Golfen - The Arizona Republic

Every January, the eyes of the automotive world turn to the Valley as a slew of top auto auctions descend on Scottsdale and Phoenix.

The Barrett-Jackson auction at WestWorld of Scottsdale was one of the first to put Arizona on car collectors' maps, and it remains one of the biggest draws for collectors and car buffs alike.

The 39th annual Barrett-Jackson Collector Car Auction hits WestWorld Monday through Jan. 24, bringing with it hundreds of rare and exotic automobiles, including a few celebrity-owned cars. For those hoping to see top money change hands or spend some of their own, the best bet is to hit the auction on Friday and Saturday evenings when the prize cars hit the block. - News - The Arizona Republic
Here's a look at some of the cars coming up for sale on Saturday.

ADESA has adopted the National Arbitration Policy of the National Auto Auction Association (NAAA) at all of its U.S. auction locations, effectively immediately.

I’m not a dealer (buyer or seller), but this sounds like a good thing to do. Is it ? – News – eusedcarnews

RENO, NV – Keith Lelux, owner and managing partner of the Charleston Auto Auction, steps down as ServNet's president after a two-year term of office. He hands the president's gavel to Jeff Brasher, owner and general manager of Brasher's Reno Auto Auction, at ServNet's annual owner and client meeting slated for early December in Southern California.

Per article on Vehicle Remarketing, follow link to read full story. Vehicle Remarket.com, Servnet's News