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Retail
Indiana Dealers Roll out Super Bowl Test Drive Promotion
Tuesday, Jan. 17, 2012, 04:04 PM
Auto Remarketing Staff
With the Super Bowl coming to town, Central Indiana GMC Dealers have teamed up with the National Football League to give away 3,400 NFL Super Bowl XLVI Experience tickets. These participating dealers are handing out these tickets when potential buyers test-drive a new GMC vehicle before Sunday or while supplies last. Officials indicated that all […] [Read More]
GM Chief Technology Officer Stephens Set to Retire this Spring
Tuesday, Jan. 17, 2012, 06:59 AM
Auto Remarketing Staff
General Motors announced Sunday that vice chairman and chief technology officer Tom Stephens is retiring on April 1 after 43 years with the automaker. The longtime executive has headed up product technology for GM since being named to his current role early last year. GM will appoint his replacement later. Stephens became vice chairman of global […] [Read More]
NHTSA: Ford, Mercury & Mini Involved in Latest Recalls
Tuesday, Jan. 17, 2012, 06:58 AM
Auto Remarketing Staff
Only halfway through the first month of the year, the National Highway Traffic Safety Administration has detailed three recalls that encompass more than 530,000 vehicles from the Ford, Mercury and Mini brand. The largest of the recalls is connected with the oldest model. NHTSA indicated that Ford is recalling 244,530 Escapes from the 2001 and […] [Read More]
Ford Reveals New CPO Leader
Friday, Jan. 13, 2012, 07:00 AM
Auto Remarketing Editor Joe Overby
Todd Fites describes his hometown of Auburn, Ind., as being a “thriving small automotive town” some 90 years ago and the home of the Auburn Automobile Co. that produced such classics as the Cord. This car-town and Hoosier-state native told Auto Remarketing that he had always been interested in large companies, particularly automakers, so it’s […] [Read More]
Chevy Debuts New Corvette, Special Package for 60th Anniversary
Friday, Jan. 13, 2012, 06:56 AM
Auto Remarketing Staff
As Chevrolet celebrates six decades of its most iconic sports car, the 2013 Corvette 427 Convertible Collector Edition made its debut on Thursday, in addition to a 60th Anniversary Package that Chevy will offer on all 2013 model-year Corvettes. Chevy dealers will receive these models in early summer. Meanwhile, the company will unveil both the […] [Read More]
Beige Book: Dealer Activity Helps to Lift Economic Outlook
Thursday, Jan. 12, 2012, 07:00 AM
Auto Remarketing Staff
The Federal Reserve’s first Beige Book of 2012 described an upbeat atmosphere in most the 12 districts as sales of new vehicles continued to pick up as last year closed. Among the most favorable reports, federal officials highlighted that Atlanta saw the pace of sales in November and December as “the strongest in over two years. Furthermore, […] [Read More]
Volvo Appoints New Execs in North America
Tuesday, Jan. 10, 2012, 05:18 PM
Auto Remarketing Staff
Volvo Cars of North America has tapped a new vice president of marketing and product planning to fill the spot formerly held by John Maloney, who became president and chief executive officer last month. Appointed to the position by Maloney is Tassos Panas, whose most recent post was as executive vice president of sales operations. […] [Read More]
OEMs Offer Dealers Advice As 2012 Off-Lease Likely Even Lower
Tuesday, Jan. 10, 2012, 04:53 PM
Auto Remarketing Editor Joe Overby
Even though 2011 marked a dramatic downturn for off-lease volume — which is perhaps the most significant lifeflood for the certified pre-owned supply — some automakers are expecting that 2012 will present even more challenges for securing CPO inventory. So, in order to continue the momentum from a record year for certified sales in 2011, […] [Read More]
NIADA, Manheim Accepting Nominations for Dealer Community Service Award
Tuesday, Jan. 10, 2012, 03:42 PM
Auto Remarketing Staff
The National Independent Automobile Dealers Association and Manheim announced they are now accepting nominations for the 2012 NIADA/Manheim Community Service Award. The award recognizes independent dealers for community contributions and charitable sponsorships. Five finalists will be selected from the pool, and the winning dealership will be named on June 13 at the Leadership Awards Banquet […] [Read More]
AutoNation’s New-Car Sales Climb 7 Percent, Domestics Lead Way
Tuesday, Jan. 10, 2012, 06:58 AM
Auto Remarketing Staff
Led by its domestic operating segment, AutoNation saw a 7-percent rise in retail new-vehicle sales in 2011 and closed the year with a strong December that was up double digits year-over-year, the company announced Monday. Breaking its full-year results down further, AutoNation realized a 17-percent gain in sales for domestics, while its import sales were […] [Read More]
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