The president of the Chrysler Group National Dealer Council believes the OEM’s announcement that it will not renew its current auto finance operating agreement with Ally Financial is part of the business process. The automaker’s decision means that Ally will no longer be the preferred lender for consumer loans and leasing, as well as for […] [Read More]

Used-vehicle sales soared double digits for Group 1 Automotive and Asbury Automotive Group during the first quarter, which saw both retailers set profit records. Group 1 increased its retail used sales by 24 percent year-over-year, as it moved 20,749 units. It moved 9,994 wholesale used units for a 10.4-percent gain. Used retail revenue for the […] [Read More]

Now having recognized auctions for 10 years, Toyota Financial Services and Lexus Financial Services awarded its 2011 Premier Auction Award this week — the company’s highest recognition of excellence in the remarketing industry — to nine auction sites for their 2011 performances.  The 2011 Lexus Financial Services Premier Auction Award winners are: ADESA Los Angeles, […] [Read More]

As general manager and original owner Carl Miskotten takes over leadership of the Fort Wayne Auto Truck Auction once again, the auction industry veteran looked back on the history of the location and gave Auto Remarketing some insight into his journey with this business and more. The former Manheim Fort Wayne Auction facility located at […] [Read More]

Continuing a trend of optimistic April used- and new-vehicle sales projections, Edmunds.com shared its estimations on Thursday, predicting the month’s used sales total would be 3.63 million. Edmunds’ April used sales prediction translated into a used seasonally adjusted annual rate of 39.3 million, up from a used SAAR level of 38.9 million the site reported […] [Read More]

One dealership group in Delaware is encouraging stores to get involved with the National Automobile Dealers Charitable Foundation — the philanthropic arm of the National Automobile Dealers Association. Participating in the efforts that  provide financial support to schools, private colleges and universities, emergency disaster relief and community service programs, the Willis Automotive group has created […] [Read More]

I’m writing this blog post from AIADA’s headquarters, just outside of Washington, D.C. I made the trip out east in order to touch base with the AIADA staff, attend a few meetings and get a sense of what is happening in our capital that could impact dealers. On Tuesday, my first day in town, the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — Along with commenting this week on Chrysler Group's decision not to […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently alerted lenders from all sectors […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WOODCLIFF LAKE, N.J. — BMW Financial Services recently rolled out a lease program enhancement […] [Read More]