Analysis
NRC Continues Today with Keynote Address, Women in Remarketing Awards Ceremony & More
Thursday, Nov. 17, 2011, 02:29 PM
Auto Remarketing Staff
Along with a new class of Women in Remarketing being honored, today’s agenda is packed full, with the day kicking off with a Keynote Address featuring a diverse panel, including the perspective of dealers, automakers and lenders on the state of the used-car industry. This panel includes Jennifer Costabile, of GM Fleet and Commerical Operations; […] [Read More]
Re3 Brings Lenders, Repo & Recovery Professionals Together to Address Industry Concerns
Thursday, Nov. 17, 2011, 02:23 PM
Auto Group Editor Jennifer Reed
The inaugural Re3 conference on Wednesday served as a platform for lender executives, repossession and recovery agents, as well as attorneys, to come together to discuss the industry’s challenges. Mike Goins, head of loss recovery at TD Auto Finance, who served on the “The State of the Industry” panel Wednesday morning, called the event very […] [Read More]
Costs Related to New Fuel Economy Proposal Alarms NADA, Others
Thursday, Nov. 17, 2011, 07:00 AM
Nick Zulovich
Generating pointed reaction from auto industry associations, the U.S. Environmental Protection Agency and the U.S. Department of Transportation Wednesday formally unveiled their joint proposal to set stronger fuel economy and greenhouse gas pollution standards for model year 2017–2025 passenger cars and light trucks. What is concerning to the National Automobile Dealers Association revolves around the […] [Read More]
KPMG: Auto Execs Scale Back Plans for Hiring, Capital Spending
Thursday, Nov. 17, 2011, 06:58 AM
Auto Remarketing Staff
Shifting away from a more positive outlook on the economic recovery, auto executives aren’t quite as optimistic as before and have pulled back hiring and capital spending plans for 2012, according to a recent KPMG survey conducted in advance of the Los Angeles Auto Show. The KPMG Automotive Executive Survey, which was conducted in October, […] [Read More]
Ford Credit Appoints Marketing Exec as COO
Thursday, Nov. 17, 2011, 06:57 AM
Auto Remarketing Staff
Ford Motor Credit revealed Wednesday that is has appointed a chief operating officer. Tapped for the newly created position is Bernard Silverstone, who is currently the president of marketing and sales for Ford Credit. Silverstone has also been elected a corporate officer of Ford Motor Co., as well. He will move into his new position […] [Read More]
NADAguides Names 2011 Car of the Year
Thursday, Nov. 17, 2011, 06:56 AM
Auto Remarketing Staff
The winner of the NADAguides Car of the Year was revealed Wednesday, as analysts at the Los Angeles International Auto Show chose the 2011 Chevrolet Cruze. NADAguides highlighted that the Cruze beat out 10 other contenders that were eligible for this award based upon performance, impressive styling and design, fuel ratings, safety features and cost […] [Read More]
Motor Trend Reveals 2012 Car of the Year at LA Auto Show
Thursday, Nov. 17, 2011, 06:54 AM
Auto Remarketing Staff
Motor Trend has chosen the recipient of its Car of the Year Award, revealing the winner Wednesday at the Los Angeles International Auto Show. Taking home the honor is the 2012 Volkswagon Passat, after being judged in categories including advancement in design, engineering excellence and safety, among others. The Passat — produced in the automaker’s […] [Read More]
Vehix Announces Best New Car Deals for November
Wednesday, Nov. 16, 2011, 03:46 PM
Auto Remarketing Staff
November is shaping up to be a “buyer’s market” for remaining 2011 model-year vehicles, according to Vehix, which said dealers are still trying to move these units off their lots. Moreover, dealers are also starting to offer some deals on 2012 models, as well. With these trends as a backdrop, Vehix picked out what it […] [Read More]
As Consumer Confidence Grows, Pent-Up Demand Turns Interest Towards Luxury Units
Wednesday, Nov. 16, 2011, 06:57 AM
Auto Remarketing Staff
As the holiday season approaches — a time where consumer confidence tends to grow — AutoTrader.com’s New Car Insights Report found another interesting trend. Consumers in the market for a new car are turning their attention toward the luxury segment, as high-line vehicles gained significant increases in consumer interest this October, according to company research. […] [Read More]
New Index Reveals ‘Healthiest’ Vehicles, Automakers
Wednesday, Nov. 16, 2011, 06:55 AM
Auto Remarketing Staff
Despite recent production struggles related to natural disasters in both Japan and Thailand, Asian OEMs still top the list when it comes to reliability and “vehicle health”, according to CarMD.com. In its first-ever CarMD Vehicle Health Index, Toyota came out on top and Hyundai and Honda following closely behind in the index that rank manufacturers […] [Read More]
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