News Archive
DesRosiers, Canadian Black Book Name Brands with Best Resale Values
-- May 01, 2009
RICHMOND HILL, Ontario — As part of its annual resale value analysis done in conjunction with Canadian Black Book, DesRosiers Automotive Consultants released its rankings this week of the brands that maintain their value in the Canadian marketplace the best after four years of ownership. Taking the top spot ... [ Full Story ]
Manheim Toronto Earns Business of Year Honors
-- May 01, 2009
TORONTO, Ontario — Manheim Toronto was honored by the Milton Chamber of Commerce at its recently held Community Awards Gala as the ... [ Full Story ]
OMVIC Partners with Toronto Crime Stoppers to Cut Down on Curbsiding
-- May 01, 2009
TORONTO, Ontario — In order to help prevent curbsiding in the province, the Ontario Motor Vehicle Industry Council has teamed up with Toronto Crime Stoppers to ... [ Full Story ]
Certified Pre-Owned Captures the Limelight This Week
-- May 01, 2009
PHOENIX — From the recognition of top CPO Dealers of the Year to used-car retail advice, a plethora of panels and speakers took center stage at this year's ... [ Full Story ]
iRemarketing Attendees Look to Overcome Economic Hurdles, Push Future Growth
-- May 01, 2009
PHOENIX — In addition to the announcement of the first-ever Auto Remarketing Lifetime Achievement award, the topic on the minds of this week's numerous iRemarketing attendees was ... [ Full Story ]
Chrysler Files for Bankruptcy, CEO to Resign; Deal Struck with Fiat
-- April 30, 2009
AUBURN HILLS, Mich. — Chrysler announced Thursday afternoon that it has reached an agreement in principle to partner with Fiat, but the embattled automaker was unable to avoid bankruptcy as it couldn't reach a deal with its lenders. Chrysler chairman and chief executive officer Robert Nardelli also said ... [ Full Story ]
Lithia Posts Profitable 1Q; Plans to Accelerate Cost-Cutting
-- April 30, 2009
MEDFORD, Ore. — Lithia Motors announced Thursday that, despite overall weakness in the auto industry, it had a profitable first quarter and was able to strengthen its balance sheet during the period. More specifically, the company's 2009 first quarter net income from continuing operations was ... [ Full Story ]
Most-Read Stories on AutoRemarketing.com This Week
-- April 30, 2009
CARY, N.C. — Perhaps not surprisingly, considering the latest news from Chrysler, our readers this week gravitated toward articles about the automaker's health and that of its fellow Big 3 OEM, General Motors. In fact, the top two most-read stories ... [ Full Story ]
Study: Almost Half of Car Shoppers Avoid OEMs Considering Bankruptcy
-- April 30, 2009
WESTERVILLE, Ohio — In light of the news surrounding the domestic auto industry this week, almost half of U.S. consumers claim they wouldn't consider buying a vehicle from an automaker that is ... [ Full Story ]
ServNet Extends Reach in Western U.S.
-- April 30, 2009
FRANKLIN, Tenn. — ServNet announced that it has expanded its presence in the Western U.S., as it recently added two auctions to its network. The new members include ... [ Full Story ]
TFS Prepares Launch of DealerDirect 2.0
-- April 30, 2009
PHOENIX — Taking to the podium to kick off Wednesday's iRemarketing activities was Ralph Fisco, of Toyota Financial Services, and he had some interesting news to share. In fact, he announced that in partnership with ... [ Full Story ]
Women in Remarketing Honorees Share Their Stories
-- April 30, 2009
PHOENIX — On Wednesday, Auto Remarketing's first-ever Women in Remarketing honorees sat down for a special iRemarketing discussion to offer additional insights into their unique career challenges. Seven of Auto Remarketing's dozen honorees were on hand at the event to ... [ Full Story ]
Study Suggests Most Effective Auto Ad Approaches
-- April 29, 2009
HUNTINGTON BEACH, Calif. — When it comes to building the most effective media strategies to capture in-market shoppers' interests, auto brands might be best served by combining both ... [ Full Story ]
OVE.com Launches Automated Inventory Import Tool; More Independent Auctions Join Site
-- April 29, 2009
ATLANTA — OVE.com recently upgraded the site with an automated inventory import solution that allows independent auctions to more efficiently upload their vehicle listings to the site. Moreover, company officials also told Auto Remarketing on Wednesday that ... [ Full Story ]
OPENLANE Says it Posted Quarterly, Monthly Sales Records
-- April 29, 2009
MENLO PARK, Calif. — OPENLANE announced Tuesday that during the first quarter, the company set records for both monthly and quarterly sales, while also ... [ Full Story ]
iSeeCars.com Details Top Used-Vehicle Searches in 1Q
-- April 29, 2009
BOSTON - Auto search engine iSeeCars.com recently revealed the most sought-after used-vehicle brands and models on the site during the first quarter of this year. The nameplate that generated the most consumer searches ... [ Full Story ]
JM Family Names New Senior VP, General Counsel
-- April 29, 2009
DEERFIELD BEACH, Fla. — JM Family Enterprises named a new senior vice president and general counsel on Monday. Appointed to the post was ... [ Full Story ]
LeaseTrader.com Says Lease Takeover Demand on Rise
-- April 29, 2009
MIAMI — On Wednesday, LeaseTrader.com reported a double-digit increase in the number of consumers looking to take over leases through the site during the first quarter. In fact, there are three times as many ... [ Full Story ]
IAA Appoints Transportation, Logistics Director
-- April 29, 2009
WESTCHESTER, Ill. — Insurance Auto Auctions announced Wednesday that it has hired a new director of transportation and logistics. Named to the position was ... [ Full Story ]
Group 1 Accelerates Cost-Cutting Plan in 1Q; Reduces Inventory, Debt
-- April 29, 2009
HOUSTON — Despite declines in its first-quarter earnings during a soft sales environment, Group 1 Automotive said it exceeded its expense- and inventory-reduction goals during the period and significantly lowered its debt, which helped the company ... [ Full Story ]