Digital Recognition Network recently gained a new director of client development. Tapped for the position is Jeremiah Wheeler, who will be will be responsible for developing and managing the company’s relationships with auto lenders and LPR2.0 service partners. DRN highlighted Wheeler has considerable industry experience, most recently as senior manager of business development for Recovery […] [Read More]

A Des Moines, Iowa, teenager buys old cars, bangs out the blemishes and finds some willing buyers among his pals looking for rides. Such was the start for Carl Moyer in the auto industry. And now, decades later, he is the Auto Remarketing 2011 CPO Dealer of the Year. Moyer — who owns Karl Chevrolet […] [Read More]

The International Automotive Remarketers Alliance revealed Friday that it has welcomed a new member. Joining the alliance is Dealer Services Corp. of Indiana. Other companies to have joined IARA recently include U.S. Bank, Remarketing of America and GE Commercial Finance and Fleet Services, among others. Meanwhile, DSC of Indiana made another big move a few weeks […] [Read More]

As long as it gains the necessary approvals, Canada’s Carfinco Income Fund will become a corporation at the start of next year, the company revealed Thursday. Carfinco’s board of trustees approved the proposal that would change the company to a corporation instead of being an income fund. The conversion must first be green-lighted by the […] [Read More]

UPDATED: Dealer Jim Smail was meeting with his fellow Pennsylvania Automotive Association board members at the Nemacolin Woodlands Resort 70 miles outside Pittsburgh on Thursday when several directors had to leave immediately. As these dealers were finding out, the wrath of the recent storms — which some project may have flood-damaged tens of thousands of vehicles — is […] [Read More]

Almost 100 years after General Motors co-founder William Durant debuted the logo, the Chevrolet bowtie is perhaps the most identifiable mark in GM’s bevy of brands. Thing is, it seems there is no real consensus as to what inspired Durant to create the logo in the first place. Was it hotel room wallpaper? Was it […] [Read More]

Saab Automobile AB is filing for voluntary reorganization today in hopes of staving off creditors in the short term while it waits for the arrival of its Chinese investors’ equity contributions. The reorganization only includes Saab Automobile AB, Saab Automobile Powertrain and Saab Tools AB. Saab Cars North America and other overseas operations are not […] [Read More]

Though its destruction appears to have been far less severe than that of Hurricane Irene last month, Tropical Storm Lee certainly had an impact on the Southeast and Gulf Coast during Labor Day weekend and impacted automotive world during a big sale weekend. Fortunately — based on what Auto Remarketing learned Tuesday — the harm […] [Read More]

Automakers are being more cautious and strategic in fleet sales of late, realizing that a sales flood of a certain model into the fleet market could water-down used values when these units come back to market, according to ALG. On Friday, the company talked about how OEM strategies for these sales are shifting to a more long-term view. In ALG’s […] [Read More]

With BMW and Mercedes-Benz threatening to dethrone the luxury brand, Lexus cranked up the incentives during August with its eye clearing out 2011 model-year units and “making up some lost ground,” according to Edmunds.com. But how will what Edmunds called a “Hail Mary” play impact resale values for Lexus? [Read More]