A repossession agent made a gruesome discovery while on assignment earlier this month in this community north of St. Louis. The local sheriff’s office eventually determined the agent uncovered a murder-suicide. The agent arrived at the home and found two deceased individuals, according to reports from the Madison County Sheriff’s Department published by the St. Louis […] [Read More]

As OPENLANE prepares to launch new enhancements and special promotions at this week’s annual American Recovery Association convention, the company also shared how many agencies have registered to remarket repossessed vehicles since the beginning of the year. OPENLANE executives indicated more than 80 recovery companies, representing hundreds of lenders and thousands of repossessed vehicles, are […] [Read More]

The rebound in gross domestic product has tapered off as of late, but the economy and GDP will likely make the improvements needed for there to be roughly 11.5 million new vehicles sold for full-year 2010 and about 13.5 million for 2011, according to the National Auto Auction Association’s Auction Industry Report. NAAA economist Ira […] [Read More]

In an apparent retort to Avis Budget Group upping its offer to acquire Dollar Thrifty Automotive Group the day before, Hertz Globing Holding said Friday that the price in its agreement with Dollar Thrifty is its “best and final offer” and believed that the deal will be green-lighted by DTAG’s shareholders when they meet later […] [Read More]

General Motors of Canada has rolled out a new financing package via Ally that allows its dealers to offer consumers flexibility, attractive rates and some of the benefits of a lease without the drawbacks. Basically, when a customer chooses the Smart Purchase financing program, the term of the loan is for up to 84 months. [Read More]

AutoCanada recently revealed that its chief operating officer Kelly O’Connell has left the company, and that the COO position probably will not be filled. “The company appreciated Mr. O’Connell’s contribution and that Mr. O’Connell put in place a number of initiatives which will be of future benefit to the company, and we wish him well […] [Read More]

Though September used-vehicle sales for franchise and independent dealers are likely to climb modestly year-over-year, there will likely be a close to a 4-percent decline in overall used sales, according to CNW Research. Not to mention, projections for full-year 2010 aren’t as favorable as some initial expectations. Specifically, there will likely be 3.15 million used […] [Read More]

In a recent report discussing the certified pre-owned segment’s emergence as a viable option in the auto marketplace, MSN Autos revealed the top-10 best selling CPO models for the first half of 2010, and offered a bit of commentary on each vehicle. So which model topped the list? According to the report, the No. 1 […] [Read More]

The seasonally adjusted annualized rate for new-vehicle retail sales for September is likely to reach a more-than-two-year high — not counting August 2009, when sales were lifted by CARS — and it appears that shoppers were putting off purchases at the end of last month, thus leading to a “vigorous start” this month, according to J.D. Power […] [Read More]

Daimler AG revealed Thursday the company now sponsors an American Depositary Receipt program. Officials explained an ADR is a security created to permit U.S. investors to indirectly hold shares in non-U.S. companies and to trade them on securities markets in the United States.  Specifically, Daimler is sponsoring a Level 1 ADR program. Officials noted the […] [Read More]