The Automobile Journalists Association of Canada, or AJAC, announced the nine best new car category honorees this past November, and the organization revealed the two final winners at the Canadian International AutoShow in Toronto late last week. AJAC has named the Honda Civic the 2016 Canadian Car of the Year, while the Mazda CX-3 took […] [Read More]

Asbury Automotive Group will be closing the Q auto store in Jacksonville, Fla., at the end of February, a company spokesperson confirmed on Tuesday to Auto Remarketing. The shutdown is due to the store's performance not being as strong as projected. Employees of the store, who will be interviewed for jobs at other Asbury dealerships, were […] [Read More]

With more tax refund money coming into potential buyers hands, DealerSocket unveiled a five-step customer acquisition plan for independent and buy-here, pay-here dealers on Tuesday. Backed by the company’s most recent internal data and a survey of dealerships nationwide, DealerSocket highlighted the plan covers what executives called “low-hanging-fruit strategies” that dealers can implement right away […] [Read More]

Group 1 Automotive president and chief executive officer Earl Hesterberg described a predicament franchised dealerships might be facing as more new trucks and SUVs leave their showrooms. Part of the fallout from those popular new models turning is what’s coming back as a trade — perhaps a sedan that’s not as popular as those trucks […] [Read More]

As part of what the company described as its ongoing commitment to position top talent to drive business growth for its clients, Manheim appointed Kevin Chartier as vice president of commercial sales on Monday. In his new role, Manheim indicated Chartier will focus on the overall growth and development of Manheim’s commercial business, including managing […] [Read More]

General Motors Financial president and chief executive officer Dan Berce offered some noteworthy details about the finance company’s subprime business even though more and more of its originations and outstanding portfolio balances are attached to installment contracts and leases associated with prime consumers. GM Financial closed the year with 18 percent of its originations being […] [Read More]

In anticipation of FICO World 2016, FICO principal consultant Julia Wooding will host the opening segment of a webinar series where the company will delve into recent advances in credit scoring. Wooding plans to discuss the latest updates associated with FICO Score 9, FICO Score XD and FICO Score Open Access during a free webinar slated […] [Read More]

Coming on the heels of brokering an expanded relationship with Ally Financial for its floor-plan financing, Carvana recently teamed up with Delta Community Credit Union, one of Georgia's largest credit unions. By working with online vehicle retailer Carvana, Delta Community can offer its members access to Carvana's nationwide inventory of certified pre-owned vehicles coupled with […] [Read More]

A big part of the job at Auto Remarketing and of most any news organization is to keep tabs on public relations newswires. It’s a good way to learn about new companies, learn what businesses are up to and perhaps even get a bit of analysis. One bit of PR information we see quite often […] [Read More]

The Northwood University/Cox Automotive Interactive Dealer Summit is coming up Thursday at the university’s campus in Midland, Mich.  The event designed for networking and to spark important discussion surrounding marketing and retailing trends in the industry. It’s scheduled for from 8:30 a.m. (ET) to 5 p.m. on Thursday in the university’s Griswold Communication Center.  The summit […] [Read More]