One way to view the car business, as Hare Chevrolet dealer principal Courtney Cole put it, is to look at it as “riches and niches.” And the used-car business is full of those “niches” of business opportunity for dealers, particularly as credit availability opens up. “As long as you get creative enough,” she said, “there […] [Read More]

As 2013 nears closer and closer, dealers and others in the industry look back on the trials and triumphs of 2012. From tight used inventory to the recent Hurricane Sandy, dealers have been presented with some tough situations this year. But as 2012 comes to a close, many industry experts gave Auto Remarketing some promising […] [Read More]

Though there is no questioning the devastating impact Superstorm Sandy had up and down the East Coast, industry experts are saying the effect on the national new- and used-car markets may be more “modest than what's currently being reported.” Kelly Blue Book and AutoTrader.com stressed that although current estimates state between 200,000 and 300,000 new […] [Read More]

Continuing its commitment to build solutions that drive business results for customers, Manheim expanded its product development leadership team with four new members. Ensuring the right products are delivered to the right people at the right time, Manheim said the new additions to the team have solid expertise in product development, strategy, deployment and portfolio […] [Read More]

Insurance Auto Auctions rolled out two new locations in Texas, increasing its footprint to a total of 12 locations in the Lone Star State. The new operations are in McAllen and Lubbock, sites the company said are critical to IAA’s continued expansion in giving providers more locations to sell their vehicles and global buyers more […] [Read More]

Black Booktook a closer look at used-vehicle value impact stemming from Hyundai and Kia admitting last week they overstated the fuel economy of models sold during the last two years. While there has been talk of broader ramifications to the brands, Black Book believes this acknowledgement will have little impact on future retention values. Black […] [Read More]

Digital Air Strike revealed Thursday it has been approved by a major domestic OEM as a certified reputation management partner. General Motors’ dealers are now privy to a new reputation management package that the company contends “includes everything dealers need to monitor consumer reviews and leverage customer feedback.” [Read More]

Hertz Global Holdings late Thursday said it reached an agreement with the U.S. Federal Trade Commission allowing the company to complete its acquisition of Dollar Thrifty Automotive Group. Under the terms of the proposed consent order that was approved by the FTC for public comment, Hertz is required to divest its Advantage business, selected airport […] [Read More]

RANCHO SANTA FE, Calif. — White River Capital and its wholly-owned subsidiary Coastal Credit — a specialized auto finance company founded back in 1987 — are being merged with a California-based private equity firm. Officials announced this week that Boston-based White River and Parthenon Capital Partners out of San Francisco signed a definitive merger agreement. […] [Read More]

FORT WORTH, Texas — For the second time since just after Labor Day Weekend, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities. This week, GM Financial announced the pricing of a $1.0 billion offering through lead managers Barclays, Credit Suisse, J.P. Morgan and Morgan Stanley. The co-managers are Citigroup; Goldman, […] [Read More]