Industry veteran Marv Ingram, who retired from Toyota in late April, has secured a new position, Auto Remarketing learned. Ingram is well known for helping to develop and launch the Lexus certified program close to the turn of the century, which continues to set the tone for today’s popular OEM CPO programs. In Ingram’s new role, […] [Read More]

The recall notices keep pouring out of the National Highway Traffic Safety Administration as Hyundai, Kia and Subaru told federal officials about campaigns to bring back more than 280,000 vehicles. The majority of those recalled models are from Hyundai, and the automaker is summoning back the Santa Fe and Veracruz from the 2007 and 2008 […] [Read More]

J.D. Power and Associates discovered more than two-thirds of owner-reported new-vehicle interior problems are design-related issues rather than defects or malfunctions. That finding came as J.D. Power revealed the 2011 U.S. Interior Quality and Satisfaction Study late last week. The study also showed that owners report an average of 17.2 problems per 100 vehicles (PP100) […] [Read More]

In an effort to aid residents affected by the recent wildfire that swept through Bastrop County during the past few weeks, Auto Remarketing learned the Texas Department of Motor Vehicles, Vehicle Titles and Registration Division and various lenders are planning to offer services that will speed up the insurance claim process on vehicles totaled or damaged. As […] [Read More]

At least one OPENLANE shareholder isn’t happy the company is being sold to KAR Auction Services, according to his class action lawsuit filed in Delaware state court last Friday. A member of Auto Remarketing’s group on LinkedIn pointed to a report on Law360.com that included many strong comments by plaintiff William Treadway. Treadway contends KAR’s proposed $210 […] [Read More]

While still extending a downward push, TrueCar discovered  it did take a little more money to move new metal last month than it did a year earlier. The site determined the average transaction price for light vehicles in the United States was $29,539 in August, up $388 or 1.3 percent from last August. While the […] [Read More]

As part of the celebration for Chevy’s 100th birthday — Nov. 3 — the nameplate’s fans were asked to vote for their favorite vehicle from throughout the brand’s history. After nearly 125,000 Chevy fans cast their votes, the 1969 Camaro was named the “Best Chevy of All Time.” Interestingly enough, the 1967–1969 Camaro also made […] [Read More]

Avis Budget Group confirmed Wednesday in its latest filings with the Securities and Exchange Commission that it will no longer pursue a $1.5 billion acquisition of Dollar Thrifty Automotive Group. As to the reason why, Avis officials stated, “We have made significant progress toward obtaining U.S. regulatory clearance for the acquisition of DTAG, and we […] [Read More]

General Motors was an early adopter in the certified pre-owned business when it began picking up steam in the 1990s, and these days, GM typically leads the pack in terms of overall CPO sales. But for one store, in particular, the core values of certification have been a part of the dealership’s mantra for more […] [Read More]

The Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the all-new Re3 Conference — today announced the launch of UsedCarWeek.biz, a one-stop portal for information about all three conferences. The Used Car Week is a weeklong series of three dynamic conferences for the used-vehicle industry, all in one location during […] [Read More]