The Consumer Financial Protection Bureau estimates that there is approximately $1.2 trillion in outstanding student loan debt, with more than 7 million Americans in default on more than $100 billion in balances. With those figures in mind, EFG Companies acknowledged there are differing opinions on whether these trends could lead to a recession. However, company […] [Read More]

JM Family Enterprises recently promoted one of its executives to be vice president and general counsel for Southeast Toyota Distributors and JM Lexus. Taking on this role is Todd Clarke, who will report to Carmen Johnson, executive vice president and general counsel of JM Family. Clarke will oversee the legal teams that support the companies […] [Read More]

Capital One and General Motors recently expanded their co-brand credit card partnership to enhance the potential of boosting new-model turns as well as business in dealership service drives. Officials highlighted the BuyPower Business Card from Capital One is specially designed for small business owners, aiming to deliver a powerful earnings structure. That policy includes 5-percent […] [Read More]

Manheim announced on Friday that it has appointed a new general manager at its location in Darlington, S.C. Previously the assistant general manager of Manheim Phoenix, Danny Brawn has been named as the general manager at Manheim Darlington. “Our goal at Manheim is to continue to recognize top talent and ensure they are positioned to […] [Read More]

Here is something you don’t hear every day: leasing is actually lower than it should be. AutoTrader.com president Jared Rowe said this during an event Wednesday at Google headquarters — and the two reasons behind his assertion both have used-car implications. First, he said, the industry’s remarketing structure is stronger than it has been in prior years, […] [Read More]

Kelley Blue Book announced on Thursday its brand and vehicle category winners for its fourth annual 5-Year Cost to Own Awards, highlighting the new vehicles and the overarching brands with the lowest-projected ownership costs. KBB’s cost-to-own data is based on information including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and […] [Read More]

As part of the Ford Auction Service Award Program, facilities operated by ADESA, Brasher’s and Manheim all recently earned accolades from Blue Oval remarketing officials. Manheim collected the most honors as operating locations in Chicago, Manheim, Pa., New York and St. Louis were selected as recipients of a 2014 Ford Auction Recognition Award. As part […] [Read More]

Following news of the AAA Mid-Atlantic’s recent venture into the car-buying service sector of the auto business, Auto Remarketing decided to reach out to our home state's chapter, AAA Carolinas, to see how one of the organization’s founding members of the auto-buying service does business. Greg Pence, the manager of the auto buying service for AAA […] [Read More]

Used-price drops slowed as last year closed out, and February is off to a mild start when it comes to depreciation. Signs of tax season are also starting to rear their head. According to the latest Guidelines report from NADA Used Car Guide, used-vehicle prices are expected to rise by 1 percent to 1.5 percent […] [Read More]

Vehicle transport companies deal with numerous clients that purchase or sell vehicles at auctions and request help with shipping. Among these are many dealerships adding to their inventory and car rental companies looking to sell vehicles at auctions. One factor that can impact the viability of auction purchases and/or sales is transportation costs. Maximizing loads […] [Read More]