DES MOINES, Iowa — Auto Remarketing learned that Wells Fargo Financial is in the process of restructuring, which includes closing 638 stores named for this division. Auto loans previously offered by Wells Fargo Financial will be mixed in with other similar products offered by the company and will be available through the financial institution's network of […] [Read More]

CLEVELAND — While it's been more than a week now that the industry has digested the fact that June new-vehicle retail sales numbers dipped from the previous month, the senior automotive analyst KeyBanc Capital Markets called it "a sigh of relief." The reason why Brett Hoselton made this proclamation was because the performance left the June […] [Read More]

CARY, N.C. — Dealership and auction management used a story from AutoRemarketing.com to learn the latest about the most recent recall issued by Toyota. Also spurring plenty of online traffic this past week was an item that details Chrysler's requirements of potential Fiat dealers. The top five stories from AutoRemarketing.com this week are: 1. Toyota Alerts […] [Read More]

HOUSTON — Group 1 Automotive revealed on Tuesday a new lending partner in its syndicated credit facility to take the spot of BNP Paribas. Joining the $1.35 revolving credit facility was Mercedes-Benz Financial, which bumps the number of captive lenders in the facility up to four. Along with the four captives (Mercedes-Benz Financial; Toyota Motor Credit […] [Read More]

DEARBORN, Mich. — Ford Customer Service Division is asking for the public's input on the design of a NASCAR Spring Cup Series race car in a campaign launched Tuesday to raise funds for the Juvenile Diabetes Research Foundation. Here's how the division's contest is designed to work.  Race fans will get to submit their vote for […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive is offering a free online seminar next week that will delve into generational auto buying habits. The workshop — which begins at 2 p.m. (EST) on July 14 — will be led by Jeffrey Anderson, director of consulting and analytics for Experian Automotive. The Webinar aims to help attendees do the following: —Learn […] [Read More]

CARY, N.C. — Grabbing the most attention among our readers this week on AutoRemarketing.com was a story about the latest development in legislation that has been a hot topic in the auto industry, as of late, especially for dealers. The No. 1 most-read story on our site dealt with the Consumer Protection Agency legislation and how […] [Read More]

SANTA MONICA, Calif. — Incentive levels were rather static during June and it looks like the beginning of July won't be very heavy on that front, either, according to Edmunds.com, which released its True Cost of Incentives report on Thursday. Specifically, the average incentive per vehicle sold in June reached $2,661. This marks a 6.9-percent dip from […] [Read More]

CINCINNATI — Swapalease.com executives believe continuing price climbs for used vehicles should bode well for transaction traffic at its site and leasing in general. They first mentioned CNW Research data that indicated used-vehicle transaction prices rose almost 7 percent when compared to the same period in 2009. The site then noted price declarations from Black Book […] [Read More]

DEARBORN, Mich. — Strong sales performances and execution of other company strategies evidently are doing plenty to help Ford's balance sheet. The automaker revealed on Wednesday that it's reducing its debt by more than $4 billion. Management explained much of this newest reduction stems from retiring debt owed to the UAW Retiree Medical Benefits Trust ahead […] [Read More]