Spokespersons for both General Motors and Chrysler confirmed to Auto Remarketing this week that the two companies have both separately sued Allied Systems Holdings for allegedly withholding property of the respective automakers against their wills. In Detroit, GM filed a suit Monday against Allied Systems in federal court. Meanwhile, Chrysler filed its suit Tuesday in […] [Read More]

With a projected ratio of two used-vehicle sales for every one new-unit sale this month, TrueCar.com indicated Thursday that March’s used-vehicle sales total is likely to be 2,459,891 — a figure that includes transactions by franchise and independent dealerships as well as private-party sales. If that estimate holds, the site calculated the total would represent […] [Read More]

Used-vehicle prices in Canada are on the cusp of a hike, according to the Automobile Protection Agency, which said in its Annual Review of the Auto Industry this week that the cause of these impending increases will be the fact that supplies are limited. “Ford, GM and Chrysler virtually stopped leasing new vehicles three years […] [Read More]

Hockey fans are in for a special treat at this year’s Auto Remarketing Canada conference, organizers of the events announced recently. All those attending Auto Remarketing Canada: Canada’s Used-Car Conference are invited to an evening of fun and games at the Hockey Hall of Fame on April 13 following the conference reception. This unique event, […] [Read More]

Results of the 2011 Harris Poll EquiTrend study were released earlier this week, and in some good news for domestics, the top two brands were Ford and Chevrolet, respectively. As such, Ford earns the spot as Harris Poll EquiTrend Full Line Automotive Brand of the Year. As some may know, composing the EquiTrend are measurements […] [Read More]

Although the disaster in Japan and its aftermath have wrought havoc on production for automakers, it doesn’t appear that consumer auto shopping behaviors have been impacted, according to Edmunds.com.   The site suggested that shoppers don’t seem to be anxious about impending price increases and a vehicle supply dearth. In fact, Edmunds.com found that about […] [Read More]

The Alliance of Automobile Manufacturers is celebrating along with Sustainable Conservation as these two groups have been recognized with an environmental award for their partnership project to rid vehicle brake pads of copper by 2025. The partners were selected to receive 2011 Edmunds G. “Pat” Brown Award by the California Council for Environmental and Economic […] [Read More]

In an educational outreach effort, Mercedes-Benz said Wednesday that it will debut a driving school in the U.S. later this year that aims to help teenagers become safer and more skillful drivers. The Mercedes-Benz Driving Academy will employ interactive classroom sessions, online teaching and behind-the-wheel training. The training will include top-notch teaching methods and employ […] [Read More]

General Motors revealed on Tuesday evening that it will be selling the entirety of shares of Fixed Rate Perpetual Preferred Stock, Series A in Ally Financial. These will be sold in a public offering and have been priced at $1 billion. The shares compose the entire lot of Ally Series A preferred stock outstanding, GM […] [Read More]

The American International Automobile Dealers Association recently shared some of the details of its upcoming International Auto Industry Summit. Among the speakers at the event will be former Minnesota Gov. Tim Pawlenty, Pulitzer Prize-winning author Paul Ingrassia, members of Congress, as well as an automaker panel that will host a Q&A session with dealers. The […] [Read More]