AUBURN HILLS, Mich. — To give its dealer body another selling point in the spring season, Chrysler rolled out is May incentives on Tuesday, announcing that zero-percent financing through GMAC Financial Services is now available on most of its 2010 lineup. Breaking it down, on Chrysler brand vehicles, shoppers can choose from zero-percent financing for up […] [Read More]

TULSA, Okla. — In late-breaking news Tuesday, Dollar Thrifty Automotive Group issued a public letter to Avis Budget saying that its board is ready to entertain a substantially higher offer to acquire the company. More specifically, the company stated, "Consistent with its obligations under the Hertz merger agreement and with its fiduciary obligations to shareholders, the […] [Read More]

SANTA MONICA, Calif. — Providing an update on Perceived Quality Scores in its most recent Residual Value Report, ALG said the two brands showing the most improvement from the fall are Ford and Kia, respectively, while Toyota, had the heaviest drop-off by far. So, how does this affect residual values? "ALG's residual values for the May-June […] [Read More]

ATLANTA — Many great tools exist for repossession agencies and their clients to increase communication, keep costs down and manage the repo-to-remarketing processes efficiently. Oftentimes agencies and clients fail to partner closely and over-communicate early in their relationship or when new processes are rolled out, leading to underused or misused technology and missed expectations. As AutoIMS […] [Read More]

CITRUS HEIGHTS, Calif. — Repo Remarketing recently promoted one of its executives to vice president of sales and operation. Assuming this position is Claudia Plascencia. Plascencia joined Repo Remarketing seven months ago as senior operations manager. In her new role, the company indicated that Plascencia's team will be responsible for national sales and operations of repossession […] [Read More]

CHICAGO — While incentives may have been effective in generating consumer interest in Toyota in March, those gains didn't last in April, according to Cars.com, which suggested the downward effect from the automaker's recalls on its sales will likely linger. Specifically, the site said that during April, Toyota new-vehicle leads on Cars.com fell 17 percent. Showing particularly […] [Read More]

NEW YORK — Recent analysis from PricewaterhouseCoopers pinpointed what the firm believes will be the fundamental changes necessary for the near-term restructuring and long-term sustainability of the automotive industry. Firm analysts contend that greater automotive merger and acquisition activity will be the driving force. That was the crux of the report titled, "Drive Value — Automotive M&A […] [Read More]

CARY, N.C. — Auto Remarketing Today will not be published on Friday as the staff will be off to celebrate the holiday. Auto Remarketing Today will resume Monday, April 5. Auto Remarketing's sister e-newsletters, SubPrime News Update and Auto Remarketing Canada, will both be published this week as usual. We would like to wish all our readers […] [Read More]

ATLANTA — The April Auto Industry Brief from Manheim's Tom Webb contained an overall cautionary tone about economic recovery but still included several positive trends, especially regarding consumer rebounds. Webb indicated that flow measurements of the economy such as employment, income, retail sales and more show ongoing economic strengthening. "Balance sheets, however, whether they be those […] [Read More]

CARY, N.C. — The hot topic again this week at AutoRemarketing.com focused on the industry's future. Two of the top five stories centered on this topic. Also generating plenty of interest was an item about Hertz's latest acquisition plans. The top five stories from AutoRemarketing.com this week are: 1. What's in Store for Used-Vehicle Market? WASHINGTON, D.C., […] [Read More]