In a look back at some of 2010’s most revealing industry trends, Edmunds.com attributed rising used-vehicle prices to high demand caused by the “substitution effect.” Site analysts outlined this condition as a reaction to the economic downturn. They said shoppers who had traditionally been new-vehicle buyers ultimately bought used units. Based on December 2010 data, […] [Read More]

MVTRAC received a significant capital injection before 2010 expired by selecting its new long-term financial partner. The license plate recognition technology provider decided to go with Village Bank & Trust, which officials said has provided $6 million in preliminary funding. MVTRAC leadership believes Village Bank & Trust adds invaluable resources and brings a wealth of […] [Read More]

The immediate past president of American Recovery Association rolled out a new full-service facilitation and management company just before the close of 2010. Jim Hall explained his plans for All Technology Recovery is to be an operation to serve collateral recovery professionals and financial institutions. He pointed out All Technology Recovery was formed in collaboration […] [Read More]

Amid the auto industry’s severe challenges, financing struggles and the bankruptcies of two major players, the leasing market took its lumps in 2009 with many companies scaling back or pulling out of the market altogether. But 2010 was a different story.   As of the end of the third quarter, leasing was up across the board, […] [Read More]

Competition between Ally Financial and Chrysler Financial for dealer relationships and market share could heat up in the near future. The former GMAC is expected to push out an initial public offering sooner than initially anticipated by the government and Chrysler Financial just recently received renewed capital in the form of its new parent TD […] [Read More]

Kelley Blue Book’s Kbb.com recently unveiled its 2011 Best Redesigned Vehicle and earning the annual recognition is the 2011 Honda Odyssey. [Read More]

TD Bank Group announced this morning that it is acquiring Chrysler Financial for cash consideration of about $6.3 billion. This purchase includes net assets of $5.9 billion and about $400 million in goodwill. [Read More]

While the Big 3 enjoyed some resurgence this year after a rather trying 2009, NADAguides.com revealed some more good news for these automakers Thursday. The company announced that the three most-researched models on its site for the first 11 months of the year are all Big 3 models. Specifically, the 2010 Ford F-150 generated the most interest […] [Read More]

This is our last edition of Auto Remarketing Today for the year. After we publish Auto Remarketing Canada a bit later today, we will go dark until the new year to give our staff time to spend the holidays with family. AutoRemarketing.com will return to its normal publishing schedule Jan. 3 with a new edition of […] [Read More]

This year is likely to “end on a high note,” as the stronger-than-expected retail new-vehicle market is projected to continue for the December, according to J.D. Power and Associates. Judging by the month’s first 10 days, the firm predicts that December will finish with 936,300 retail new-vehicle units sold, a year-over-year gain of 19 percent […] [Read More]