There was a small concentration of vehicles that GE Capital Fleet Services found challenging to sell earlier this year.  So, in response, the company launched an incentive package for its online wholesale buyers, through which if a buyer purchased three of those vehicles, he or she would receive a buyer’s fee discount that GE Capital […] [Read More]

While the number of used cars sold in August fell from both July and year-ago levels, the total value of these cars did not, according to CNW Research. In fact, there was a 7.3-percent year-over-year rise in the total value of used-car sales in August, the firm said, pinpointing the figure at nearly $41 billion. […] [Read More]

The National Automobile Dealers Association included a reminder in its NADA Headlines e-newsletter on Tuesday to prompt dealers to take note of the impending increase in the registration fee for the National Do Not Call Registry. The Federal Trade Commission announced that the annual registration fee, which is currently $59 per area code of data, will […] [Read More]

As Auto Remarketing investigated an area where the impact of recalls might be more pronounced for its special National Auto Auction Association Convention issue, both Fitch Ratings and NADA Used Car Guide released analyses on Tuesday stating that the effects from the record-setting year of campaigns might be muted. First when considering vehicles included in rental […] [Read More]

Though many dealers are preparing for new models to hit the lot, manufacturers, interestingly enough, didn’t turn to heavy incentives to push new sales this past month. Although automakers and dealers were most likely pulling out all the stops for Labor Day sales, incentive spending in August was projected to be down 6.2 percent, or $179, from […] [Read More]

Gary Mott likens the vendor management capabilities of his company’s Fleet Guru product partially to the concept behind the cross-platform car buying and selling in the remarketing industry. Mott, who is vice president at FLD Inc., talked with Auto Remarketing earlier this summer about the Fleet Guru vendor management system as well as the company’s […] [Read More]

Preferred Warranties Inc. announced today the hiring of Thomas Wooditch, who joins the company to take on the role of director of training and development. Brian Cosgrove, the vice president of marketing and sales at Preferred Warranties, says Wooditch will bring a new level of service to his company’s roster. “Tom’s expertise will be a […] [Read More]

Cox Automotive announced two new leadership appointments at VinSolutions today. Lori Wittman has assumed the position of vice president and general manager of the Kansas City-area customer relationship management company, while Sean Stapleton has expanded his role with VinSolutions as vice president of sales and marketing. Keith Jezek, the software division president at Cox Automotive, believes […] [Read More]

As we wrapped up August in the lanes last week, prices continued to trend downward — creating an optimum buying environment at auction, said Black Book’s Ricky Beggs. And it was a busy week at the auction, too, the Black Book editorial director said in his latest “Beggs on the Used Car Market” video report. […] [Read More]

Consolidated Asset Recovery Systems (CARS) — which will present the winner of this year’s Re3 Executive of the Year at Used Car Week — has been recognized for the third year in a row as one of the 5,000 fastest growing private companies, according to INC Magazine. CARS’ listing among this group of companies indicated […] [Read More]