August 2012

Beige Book: Dealers Faring Well; Used-Car Strength Spotted


p>The Richmond and San Francisco regions were the only two Federal Reserve Districts said to have had “a bit slower paced” auto sales in the latest Beige Book report, but even these two districts are seeing hefty demand, according to the Fed, particularly on the used-car side.

This was just one of several favorable signs for dealers spotted in the report issued earlier this week, which noted widespread strength in cars sales throughout the country.

Former Volvo CPO Leader Moves to Remarketing Post at Hyundai Capital


p>A former leader of Volvo’s certified pre-owned program now has a remarketing post with Hyundai Capital America.

Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with the Irvine, Calif.-based company.

Lee was with Volvo Finance from 1997 to 2002, then Volvo Cars from 2002 to 2009.

His time with Volvo Cars included a post as retained value & remarketing manager from 2002 to 2005 and time as CPO, remarketing & rental fleet manager from 2005 to 2009.