KAR Auction Services said Monday that it is seeking amendments to its credit agreement, dated as of May 19 of last year. The company explained that amendments to the credit agreement would provide KAR with greater flexibility, including modifications to increase the amount of restricted payments that are, among other things, dividends, stock buybacks and […] [Read More]

In what the company president and chief executive officer Scott Painter says came as a result of “listening and learning” from customers and the industry, TrueCar Inc., revealed Monday a new print and TV ad campaign as well as some newly designed offerings to create a "no-hassle" environment for consumers and dealers. [Read More]

There’s a new leader in performance, breaking a Subaru streak, reports TrueCar.com in announcing its Performance Scorecard results for October. This time, the highest grade by manufacturer went to Toyota, snapping a four-month streak in the lead by Subaru, which tied with BMW for second place in the manufacturer’s slots. Jaguar Land Rover placed third.  […] [Read More]

Litigation and settlements associated with what legal experts have warned dealers about — compliance in connection with advertising — were back at the forefront again last week; this time in the Pacific Northwest. A potential scenario discussed in Auto Remarketing’s special issue focused on advertising coming on Dec. 1 played out between Performance Nissan and […] [Read More]

The success of this year’s Used Car Week is already pushing organizers to get ready for the 2013 event. The series that included the CPO Forum, the Re3 Conference and the National Remarketing Conference drew dealers as well as automaker and auction company executives from throughout the country together for five days of events at […] [Read More]

Customers may return to the lots sooner than expected after Hurricane Sandy. In fact, according to a report released by Dataium late last week, auto shopping is already showing signs of recovery from the storm. “The report reveals that while online auto shopping declined in the days preceding the storm, the trend started to reverse […] [Read More]

This year’s class of Women in Remarketing honorees were spotlighted Thursday afternoon at Used Car Week, but these leaders of the used-car business did more than just receive awards. They doled out advice, talked about career experiences, lessons learned and much more as they reflected on life and years in the remarketing business as part […] [Read More]

As 2013 nears closer and closer, dealers and others in the industry look back on the trials and triumphs of 2012. From tight used inventory to the recent Hurricane Sandy, dealers have been presented with some tough situations this year. But as 2012 comes to a close, many industry experts gave Auto Remarketing some promising […] [Read More]

Though there is no questioning the devastating impact Superstorm Sandy had up and down the East Coast, industry experts are saying the effect on the national new- and used-car markets may be more “modest than what's currently being reported.” Kelly Blue Book and AutoTrader.com stressed that although current estimates state between 200,000 and 300,000 new […] [Read More]

Hertz Global Holdings late Thursday said it reached an agreement with the U.S. Federal Trade Commission allowing the company to complete its acquisition of Dollar Thrifty Automotive Group. Under the terms of the proposed consent order that was approved by the FTC for public comment, Hertz is required to divest its Advantage business, selected airport […] [Read More]