Wholesale

Dollar Thrifty Automotive Group announced late last week that its subsidiary, Rental Car Finance Corp., completed a private placement of rental car asset backed variable funding notes, Series 2010-3. When fully funded, executives indicated the notes will provide $450 million of additional financing. They explained the revolving period for the notes ends in October 2011 […] [Read More]

Automotive Resources International revealed some changes in its vehicle remarketing team late last week. The company named Scott Braidwood as the manager of BuyDirect development and hired Brian Garner to serve as manager of market sales for vehicle remarketing. Braidwood’s first post with ARI was as a vehicle remarketer. Since then he has moved on […] [Read More]

Hertz Corp. is going Down Under for its latest business venture with plans to acquire an Australian vehicle-sharing company. Executives revealed Wednesday they have signed an agreement for Hertz to secure Flexicar, a provider headquartered in Melbourne, Australia. They indicated Flexicar provides vehicle-sharing services to members throughout Melbourne and Sydney. The company plans to integrate […] [Read More]

More than 1,100 dealership managers, inventory personnel and salespeople registered to hear from four of the top industry trainers during the most recent Webinar of the Auto Remarketing Training Series. Dealers who might have missed the valuable recommendations can find a recording of entire session already online. The last quarterly training event took place Tuesday […] [Read More]

With less than two weeks to go before the start of the 2010 National Remarketing Conference and 2010 CPO Forum in San Diego, conference organizers have released a preliminary attendee list for the conferences.   [Read More]

Automotive Resources International announced that the ARI Canada president Fred Booth plans to retire at the end of the year and named his replacement. The new president will be Ron Gaysek, whose latest post is as ARI Canada’s executive vice president and chief operating officer. Booth’s retirement will go into effect Dec. 31. Gaysek has been with the company […] [Read More]

Wholesale prices in Canada continued to move ahead in September, and the segment showing the greatest month-over-month improvement is the full-size pickup category, according to the latest ADESA Canada Used Vehicle Price Index. More specifically, ADESA’s data — powered by ALG Canada — noted that there was a 0.5-point upswing in the index on a month-over-month […] [Read More]

Despite both overall car and truck segments showing softer wholesale prices yet again, Black Book managing editor Ricky Beggs noticed some models gaining value last week and said several segments accounted for a large chunk of this upward trend, including  full-size passenger wagons, full-size cargo vans and full-size pickups. [Read More]

Chase has hired auto finance veteran Randy Beil as vice president and national manager of its vehicle remarketing group. Beil has more than 20 years of experience in auto finance. Most recently, he managed corporate and special sales for all internal and external fleets at BMW North America. He also held key management positions at […] [Read More]

Did wholesale prices for crossovers reach a tipping point in September? Analysts from Kelley Blue Book believe they might have found the answer. KBB calculated overall wholesale market prices slid 1.5 percent in September as compared to the previous month. Just two of its 21 vehicle segments moved marginally higher — midsize pickups by 0.8 […] [Read More]