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Retail
NADAguides.com Names July’s Car of the Month
Friday, Jul. 15, 2011, 05:54 AM
Auto Remarketing Staff
Touting the model has an “elegant design and overall appearance, combined with ample space, smooth driving performance, a plethora of intuitive technology features and an extensive list of safety features,” NADAguides.com went with a domestic offering as its Car of the Month for July, picking the 2011 Chrysler 300. Analysts at NADAguides.com indicated they first […] [Read More]
Toyota Is Launching New Corporate Structure to Ramp Up Japanese Production
Thursday, Jul. 14, 2011, 05:59 AM
Auto Remarketing Staff
In an effort to speed up manufacturing after the Japanese tsunami and quake, Toyota Motor Corp. and subsidiaries Toyota Auto Body Co. Ltd. and Kanto Auto Works Ltd. announced a deal Wednesday that will convert the latter two facilities into wholly-owned subsidiaries of Toyota via share exchanges. Moreover, Kanto Auto Works, Central Motor Co. Ltd. […] [Read More]
Strong First Half of 2011 Prompts BMW to Raise Sales & Earnings Forecast
Thursday, Jul. 14, 2011, 05:58 AM
Auto Remarketing Staff
Thanks to strong demand within international markets during the second quarter, BMW Group now expects annual business performance and earnings will be significantly better than previously forecasted. The automaker raised its sales volume and earnings forecast for the current financial year earlier this week. OEM officials believe 2011 unit sales will increase above 10 percent […] [Read More]
NHTSA Reveals Chrysler Recall of Nearly 250,000 Trucks
Thursday, Jul. 14, 2011, 05:56 AM
Auto Remarketing Staff
National Highway Traffic Safety Administration officials recently announced Chrysler is recalling nearly a quarter-million trucks from model years going back to 2003. The recall includes the Dodge and Ram 1500 from the 2008 model-year as well as Dodge and Ram 2500 and 3500 from model years 2003 through 2011. A total of 242,780 U.S. units […] [Read More]
JMN Logistics Brings New Sales Manager Aboard
Thursday, Jul. 14, 2011, 05:54 AM
Auto Remarketing Staff
JMN Logistics announced earlier this week it has hired a new sales manager. Tapped for the position is Alycia LaMartina. LaMartina will represent the auto transportation and logistics company at numerous auto auctions and dealerships across the greater St. Louis area. “Alycia’s strong work ethics and ability to work independently will make her transition into […] [Read More]
Chrysler Launches Incentives for Annual ‘Summer Clearance Event’
Wednesday, Jul. 13, 2011, 02:45 PM
Auto Remarketing Staff
OEM officials this week highlighted incentives connected with their annual “Summer Clearance Event” at all participating Chrysler, Jeep, Dodge, and Ram Truck dealerships. During this year’s campaign that runs through the end of August, qualified consumers can be eligible for special zero percent financing for up to 72 months or Customer Cash up to $3,000 on […] [Read More]
POADA Dealers Highlight How CarMark Certified Generates Better Profits & More
Wednesday, Jul. 13, 2011, 02:39 PM
Auto Remarketing Staff
More than 110 dealer principals and other store managers registered to listen to two Pre-Owned Automobile Dealers Alliance members who have enjoyed great success with the CarMark Certified program say how it can benefit a variety of rooftops. This week’s free edition of the POADA’s Pre-Owned LIVE Webinar series included Graham Edwards, dealer principal of […] [Read More]
Penske Acquires Calif.’s Crevier BMW and Mini Franchises
Wednesday, Jul. 13, 2011, 02:13 PM
Auto Remarketing Staff
Penske Automotive Group announced Tuesday that is has bought the Crevier BMW and Mini franchises located in Santa Ana, Calif. The company noted that the Crevier franchises represent approximately $275 million in estimated annual revenue. "These franchises represent an outstanding opportunity to grow our footprint in Orange County, California," said Penske Automotive Group West region […] [Read More]
Porsche Launches Mobile Tag Program
Wednesday, Jul. 13, 2011, 05:54 AM
Auto Remarketing Staff
Porsche announced Monday it has launched a mobile tag program that allows consumers to get the inside scoop on a car even if they can’t make if to a dealership during normal hours, or just want to look around the showroom on their own. By scanning the mobile tags found on select Porsche vehicles, users […] [Read More]
Audi Taps Carcannon to Provide CPO Consultations
Tuesday, Jul. 12, 2011, 05:59 AM
Sarah Rubenoff
It was announced Monday that Audi has chosen automobile inspection company Carcannon Corp. to provide Certified Pre-Owned consultations for the automaker. Adding to the list of nameplates Carcannon already serves, Audi joins the ranks of customers such as Mercedes-Benz, Porsche and Honda. “For years, Carcannon has been proud to provide superior pre-sale certified consultations for […] [Read More]
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