Repo Remarketing recently broadened its executive team to serve credit unions and more by naming a new vice president of business services. Tapped for the position is Rob Savre, who brings more than 30 years of industry experience to the company. Repo Remarketing highlighted Savre’s repossession career started at Wells Fargo Bank as an in-house […] [Read More]

AutoNation chief executive officer Mike Jackson expects new-vehicle sales to rebound significantly during the fourth quarter but not by the path Kelley Blue Book projected. Jackson refuted the notion automakers will resort to an “incentive war” with plenty of cash on the hood and low APR to move new metal. During a meeting of AutoNation […] [Read More]

As September winds down into its last week, J.D. Power and Associates expects new-vehicle selling rates to be stronger than last month. J.D. Power indicated this month’s new-vehicle retail sales are projected to come in at 842,400 units, which represents a seasonally adjusted annualized rate of 10.3 million units. Analysts pointed out this level marks […] [Read More]

Two of the Big 3 automakers announced shifts in their financial leadership late last week, with General Motors revealing its new vice president of finance and treasurer and Ford announcing the replacement at the controller of The Americas position for David Schoch. Schoch will become chairman and chief executive officer of Ford Motor China. Taking […] [Read More]

Not long after announcing its plans to become a corporation, Carfinco Income Fund revealed its new chief operating officer earlier this week, appointing current chief financial officer Troy Graf to the role. Replacing Troy Graf as CFO is Stephen Dykau, who has been with Carfinco since April 2009, when he joined as vice president of […] [Read More]

While the Honda Civic maintained its perch atop the list of best-selling passenger cars year-to-date in Canada, the model saw its monthly sales fall more than 41 percent in August and is seeing some pressure from a certain Korean model that may knock the vehicle from its longtime run as the country’s most popular car, according to industry […] [Read More]

Dealers continue to tussle with used inventory challenges, but they appeared to be getting a bit of relief in September, particularly for Big 3 and Asian brand vehicles. CNW Research said in its latest Retail Automotive Summary that used-vehicle supply is estimated to be 43.57 days, compared to the level at the end of August […] [Read More]

Edmunds.com poured over R.L. Polk & Co. data to find which U.S. market is the hottest for new-vehicle buyers. What did the site find? Turns out, the metropolitan area with 24 percent more new-retail registrations during the first half of this year compared to the same span last year is Atlanta. Edmunds.com discovered Phoenix was […] [Read More]

IntelliChoice and AutoPacific revealed Thursday the winners of the 2011 Motorist Choice Awards at the Orange County International Auto Show. A domestic OEM saw the most vehicles on the list, with Ford touting four, including the Expedition, which topped the list in three different categories. Also of note, repeat winners included the Dodge Ram HD […] [Read More]

In the first good news Saab has received in quite a while, Swedish Automobile N.V. revealed Wednesday it received approval for a reorganization that aims to secure short-term stability while the automaker searches for additional, consistent funding. Swedish Automobile and Saab Automobile announced they received approval from the Court of Appeal in Gothenburg, Sweden for […] [Read More]