Never before has the Manheim Used Vehicle Value Index climbed this high. It has also been more than a year since the reading rose this much in a single month. Manheim’s Tom Webb reported the October index spiked to 122.9 after three consecutive months where it remained nearly flat. The September mark was 118.9, meaning […] [Read More]

Having the right technology in place to support a business has never been more important, especially in recent years as the country has had to deal with various natural disasters, such as hurricanes, flooding and more. Fleet Lease Disposal (FLD) learned this firsthand when Hurricane Wilma struck the Florida coast, and has turned its gained knowledge […] [Read More]

General Motors recently named a general director of used vehicle activities, marketing, fleet and commercial operations, Auto Remarketing learned. Taking on this position is Jennifer Costabile, a 25-year veteran of GM. She is responsible for GM’s remarketing activities and certified used operations, as well as leading the fleet and commercial organization’s advertising and marketing efforts. [Read More]

Auto Remarketing learned Tuesday that Ralph Fisco has stepped into a new role with Toyota Financial Services as Western region marketing manager. Taking over as national remarketing manager for TFS is Mike Reid. [Read More]

Although Ricky Beggs conceded again the seasonal wholesale price softening hasn’t been as noticeable this autumn as previous years, the Black Book managing editor noticed several adjustments pop up last week for the first time this year. During the latest “Beggs On The Used Car Market” video report, the Black Book analyst revealed just 8 […] [Read More]

The International Automotive Remarketers Alliance announced late last week that all remarketers at EMKAY have successfully passed the IARA Certified Automotive Remarketer Program, making it the only fleet management company to have its entire remarketing team receive this honor. Earning the certification from IARA were Les Lynott — the manager of EMKAY’s vehicle remarketing and fleet analytics […] [Read More]

Bill Zadeits has been named president of Cherokee Automotive Group and Ron Smith has assumed the position of chairman/CEO of the company, it was announced today. The new responsibilities take effect today, said Smith. [Read More]

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]