After setting a best-ever yearly sales record  for 2011, Kia revealed Thursday its Optima has been named the Autobytel 2012 Sedan of the Year. Recognized by the automotive research website for "setting the bar" in the sedan category, Autobytel editors noted they chose the Optima because of its “head-turning design, roomy interior and outstanding fuel […] [Read More]

In a year that saw the overall Canadian new-vehicle market climb about 2 percent, Ford notched its second straight title as Canada’s No. 1 seller while European automakers appeared to have turned the corner in 2011, according to DesRosiers Automotive Consultants. There were 1.59 million new vehicles sold in Canada during 2011, up 1.8 percent […] [Read More]

After a successful 2011 event that put a greater emphasis on Canada’s top pre-owned dealerships, the 2012 edition of the Auto Remarketing Canada conference will continue to build on that momentum and offer even more for dealers, organizers said this week as dates and location for the event were unveiled. Auto Remarketing Canada 2012 will […] [Read More]

Carfinco Income Fund’s transition to becoming a corporation has officially been completed. Earlier this week, Carfinco Financial Group — which is the new corporation — announced the completion of the court-supervised plan of arrangement for the conversion, meaning Carfinco Financial Group will continue the business previously run by the income fund and its subsidiaries. The […] [Read More]

Just a few years ago the nation watched as Chrysler and General Motors struggled to survive, while Ford appeared to leverage itself to the hilt to stick it out. However, turn forward a few years and 2011 paints a very different story for the Big 3. With OEMs consistently releasing high sales numbers to cap […] [Read More]

Auto Remarketing’s readers have likely noticed several changes as Cherokee Automotive Group returned to publishing its e-newsletters in the new year. We are launching a new schedule that makes some shifts to allow us to increase the frequency of SubPrime News Update to three times a week — Monday, Wednesday and Friday. Repo and Recovery, […] [Read More]

AutoTrader.com recently completed the inaugural campaign of its new Overdrive homepage advertising solution and shared Wednesday how the first advertiser to use the interactive tool – Chevrolet – fared during the week-long endeavor. Chevy used Overdrive to market its Sonic model and found that search volume and share for the vehicle on AutoTrader.com saw a […] [Read More]

ARI and parent company Holman Automotive Group recently revealed the generous financial pledge made by their employees to the United Way of Camden County New Jersey. With 1,800 employees in south New Jersey, Holman Automotive and ARI became the first company to donate more than $1 million to this United Way chapter, pledging a total […] [Read More]

In what was a solid finish to a strong 2011 for the used-car market, December saw a 12-percent rise in used sales, which pushed the full-year numbers to a gain of more than 5 percent, according to CNW Research. More specifically, used-vehicle sales for 2011 totaled 38.8 million units, which was 5.2-percent stronger than the […] [Read More]

Dealers’ success this year seems to be spurring economic recovery along, at least in the Empire State. According to the Greater New York Automobile Dealers Association, franchised dealers in the New York metro area sold 403,000 new and used cars. And as a result, their businesses injected $24.9 billion into the economy, while also providing […] [Read More]