DETROIT — While rumors have recently circulated that General Motors is considering taking back a majority stake in GMAC, that no longer appears to be the case. Auto Remarketing confirmed Thursday that the automaker is looking to strike new lender relationships to drive sales and help dealers and apparently, Chase and Wells Fargo are two key […] [Read More]

CARY, N.C. — Dealers and remarketing management personnel went to AutoRemarketing.com this week to learn more about just how much social media websites are affecting the industry. Recent CNW Research analysis delved further into the discussion about how Facebook and Twitter are integrated into used-vehicle sales. AutoRemarketing.com shared the 2010 U.S. Initial Quality Study from J.D. […] [Read More]

FOUNTAIN VALLEY, Calif. — Hyundai Motor America and its network of franchise dealers in the United States recently rolled out a new initiative to raise funds to fight childhood cancer. The automaker declared dealers have pledged to donate a total of $3 million to Hyundai Hope on Wheels based on vehicles sold during the month of […] [Read More]

SANTA MONICA, Calif. — Although vehicle recalls have dominated the automotive headlines in the first half of 2010, it's not necessarily cause for significant alarm, according to Edmunds.com. In fact, the site suggested that recall issues were more problematic in the past. And in the wake of heavy news coverage, automakers and consumers, alike, have been […] [Read More]

BOWLING GREEN, Ky. — A state well-known for its horse racing has made a vehicle well-known for its horsepower its official state sports car.  At an event held Tuesday at the Bowling Green Assembly Plant, Kentucky Gov. Steve Beshear conducted a ceremonial signing of legislation that, earlier this year, made the Chevrolet Corvette the Bluegrass […] [Read More]

MOBILE, Ala. — As long as one human has had a need or a desire to find another human, we have had skip-tracing. It is a process of tracking someone from point A to point B. Some of the most famous figures from our past come from the American West: The Pinkertons, Texas Rangers, Pat Garrett […] [Read More]

NEW YORK — Since mayor Michael Bloomberg and the city's department of consumer affairs rolled out broad guidelines for collection regulations that govern all industry segments, including recovery agents, a handful of organizations sought clarification to all of the measures. New York City received clarification inquiries earlier this month from ACA International, the Association of Credit […] [Read More]

BANDON, Ore. — Social networking as a used-vehicle selling avenue has emerged as a "force to be reckoned with," and its influence in the market is likely to continue growing, according to CNW. "Social network sites such as Facebook and Twitter are becoming a force to be reckoned with as a used-car selling channel," suggested Art Spinella, president […] [Read More]

TULSA, Okla. — In a move that officials say will help the company shore up its leasing capacity, Dollar Thrifty Automotive Group revealed Friday that its Rental Car Finance Corp. subsidiary completed a round of asset-backed financing that, once completely funded, will provide $300 million in additional fleet financing. Specifically, the subsidiary completed a private placement of Rental Car Asset […] [Read More]

CARY, N.C. — AutoRemarketing.com readers this week were intrigued by reports about an internal memo that discussed General Motors' stance about a nickname connected with one of its signature brands. Also drawing in plenty of interest was a story about a new program rollout from ADESA that the auction company unveiled during the ongoing National Independent […] [Read More]