Franchise dealers enjoyed their strongest April for used-car sales in five years, according to CNW Research. Meanwhile, independent dealers saw an increase greater than 17 percent on a year-over-year basis. Specifically, franchise dealers moved 1.32 million used vehicles, which is 10.7-percent stronger than April 2010 figures, CNW’s Art Spinella reported. As for  independent dealers, their used sales reached 1.33 million units, […] [Read More]

Potential legislation that could significantly change how Illinois repossession agents operate continues to make its way through the state’s General Assembly. According to information on the state government’s website, Illinois Senate bill No. 1306, known as the Collateral Recovery Act, is already on the docket within the House’s Judiciary Civil Law Committee for more possible […] [Read More]

All Technology Recovery, a full-service repossession facilitation and management company, recently reached a partnership with Regional Acceptance. Regional Acceptance is utilizing the national network of collateral recovery professionals to provide repossession facilitation. All Technology Recovery intends to provide 24/7 support on LPR2.0 scans for Regional Acceptance. Through All Technology Recovery’s network, officials emphasized that lenders can […] [Read More]

After rocketing past the 20-percent mark for much of the winter, the leasing market made a “reversion back to normal levels” during March and the first few weeks of April, according to J.D. Power and Associates senior director Thomas King, who shared some insight on Friday with Auto Remarketing about the leasing trends spotted through […] [Read More]

Vehicle-sharing company car2go made its Canadian debut this week in Vancouver, and company officials said that Canadian members will be able to enjoy a fleet of 225 “car2go edition” smart cars beginning in June. Car2go Canada Ltd. is a subsidiary of Daimler North American Corp. Here is how car2go is designed to work. Officials call […] [Read More]

The 2011 U.S. Green Automotive Study released this week by J.D. Power and Associates doesn’t give franchise dealers that are pushing hybrid and electric vehicles a favorable sales outlook. J.D. Power claims growth of alternative powertrain vehicles sales will be limited by consumer concerns about costs as well as functionality. Despite a rapid increase in […] [Read More]

A general manager at a Florida dealership group has taken his charitable fundraising efforts to new heights — literally. GM Jim Surrett, of Lokey Volkswagen and Lokey Nissan, decided to plant himself atop the roof of his VW store on April 4 and has been there even since. He is eating, working and living on the roof  […] [Read More]

AutoRemarketing.com experienced technical difficulties on Wednesday. We apologize for the inconvenience this may have caused our readers. We have been in close contact with our hosting provider to correct the issue. “After this Auto Remarketing Today edition, Used Car Manager Weekly will be published next, followed by SubPrime News Update (our traditional Thursday afternoon edition). […] [Read More]

The Ford brand maintained its perch atop NADAguides.com’s list of most-researched brands during the first quarter, but Korean brands stole the show and some of the Big 3’s share, as they continue to close the gap on their rivals. According to the first-quarter Brand Share Report, Ford is still the industry’s most popular brand, notching […] [Read More]

Used-vehicle sales in April will likely improve month-over-month by more than a third, according to TrueCar.com, which is projecting about 3.36 million used units sold by month’s end. The site indicated that this would be a 34-percent sequential hike and a 2-percent year-over-year gain, leading to a new-to-used ratio of about 1:3. On the new […] [Read More]