During the series of three conferences that constitute the Used Car Week Conferences, three separate awards ceremonies will take place to recognize excellence in a variety of areas. First, during the CPO Forum, which will be held Nov. 14–15, Auto Remarketing will recognize its 2011 CPO Dealer of the Year, Karl Chevrolet of Ankeny, Iowa. […] [Read More]

Dataium’s Automotive Shopper Intensity Index is showing leaves won’t be the only things likely to turn at dealers’ rooftops in September and October. The index — an indicator of vehicle sales 30 to 45 days in advance — continued to show marginal gains for the third consecutive month. Analysts determined these gains indicate sales volumes […] [Read More]

Along with completing an amendment to its senior secured credit facility on Monday, Dollar Thrifty Automotive Group revealed its financial performance expectations for the third quarter. The company projected third-quarter rental review to increase by approximately 2 percent year-over-year. Consistent with the trends experienced during the first half of the year, Dollar Thrifty noted that […] [Read More]

Skip-tracing is far more than just calling people and asking if they know where the debtor is.  Psychology and the resulting study of human nature are critical keys to your success in this career path. It’s a known fact that we are all creatures of habit. So no matter the situation, we will react in […] [Read More]

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]