GM’s big moves in Europe to kick off the week seem to be financially prudent ones, say analysts with Cox Automotive. General Motors said Monday it has reached a deal with PSA Group that will move its Opel/Vauxhall unit and the European operations of GM Financial into the PSA Group. PSA would acquire Opel/Vauxhall for 1.3 […] [Read More]

Global fleet management company LeasePlan USA recently named Michelle Davis as its new regional sales vice president for the Southeast. Davis, with more than 12 years of successful fleet experience, was most recently district sales manager at Supreme Corp. There, she helped clients find solutions to improve their driver experience. There’s much untapped potential for fleets […] [Read More]

Industry observers see trends in the new-vehicle space that are making the delivery of new metal more challenging and, as a result, likely to impact how efficiently dealerships can turn their used-vehicle inventory. Analysts from Autotrader, Edmunds and Kelley Blue Book all shared data and insights with Auto Remarketing on Wednesday that pointed to possible […] [Read More]

Following the Federal Trade Commission’s move to increase its non-compliance fine and OSHA’s decision to increase max penalties, Total Dealer Compliance (TDC) and Automotive Development Services (ADS) entered into a strategic partnership that provides a comprehensive solution to ADS’ dealers looking to reduce exposure from federal regulations proactively. “We recognized that meeting the new, stricter […] [Read More]

This week, White Clarke Group released its 20th annual Global Leasing Report, what the company contends is the only guide to the top 50 leasing markets in the world, summarizes leasing volumes and other market trends. Officials highlighted the report reveals an optimistic industry outlook with positive growth and continued confidence. White Clarke Group calculated […] [Read More]

The global car rental market, which offered an opportunity of $87.07 billion in 2015, is expected to rise at a compound annual growth rate of 14.40 percent during the period from 2014 to 2024, says a recent research report. A report by Transparency Market Research (TMR) suggests the market's valuation is likely to reach $290.07 billion […] [Read More]

Exactly a month from now, several of my co-workers and I will be packing our bags for Toronto, as we make our way north for the annual Auto Remarketing Canada Conference and the Women & Automotive Canadian Leadership Forum. But today, we’re taking the first step toward spreading those international wings even farther. Cherokee Media Group […] [Read More]

In the first two months of the year, the pre-owned side of the auto industry is pacing towards another year in the neighborhood of 38 million sales. Edmunds is predicting February used-car sales of 3.4 million units. That forecast would translate into a SAAR of 37.9 million. There were 3.0 million used-car sales in January and […] [Read More]

RouteOne announced recently that Jeff Belanger — who’s been named senior vice president of sales — as well as Amanda George — who has been picked as vice president of strategy — will begin their positions in April. The creation of the new roles come as a result of the announcement that RouteOne’s chief strategy officer, […] [Read More]

Black Book on Monday released its latest joint depreciation report with Fitch Ratings; an analysis that projected 2017 vehicle depreciation to reach 17.8 percent based on estimated new-model sales of 17.0 million. That forecast is slightly up from the 17.3-percent mark recorded in 2016. The firms point out that average pre-recession annual depreciation trended between […] [Read More]