Carfinco Income Fund’s transition to becoming a corporation has officially been completed. Earlier this week, Carfinco Financial Group — which is the new corporation — announced the completion of the court-supervised plan of arrangement for the conversion, meaning Carfinco Financial Group will continue the business previously run by the income fund and its subsidiaries. The […] [Read More]

Just a few years ago the nation watched as Chrysler and General Motors struggled to survive, while Ford appeared to leverage itself to the hilt to stick it out. However, turn forward a few years and 2011 paints a very different story for the Big 3. With OEMs consistently releasing high sales numbers to cap […] [Read More]

Auto Remarketing’s readers have likely noticed several changes as Cherokee Automotive Group returned to publishing its e-newsletters in the new year. We are launching a new schedule that makes some shifts to allow us to increase the frequency of SubPrime News Update to three times a week — Monday, Wednesday and Friday. Repo and Recovery, […] [Read More]

Most graphics from the recent Manheim Digital Monthly Update contained arrows pointing upward, signifying the auction company’s year-over-year growth in mobile and desktop users, sellers and buyers. Manheim indicated more than 54,000 users log into OVE.com each month, based on traffic through November. That pace represented a 12-percent year-over-year gain. Officials also discovered they had […] [Read More]

AutoTrader.com recently completed the inaugural campaign of its new Overdrive homepage advertising solution and shared Wednesday how the first advertiser to use the interactive tool – Chevrolet – fared during the week-long endeavor. Chevy used Overdrive to market its Sonic model and found that search volume and share for the vehicle on AutoTrader.com saw a […] [Read More]

Hyundai Motors is celebrating a new beginning, as well as presenting its “vision for the future," with the release of a rendering of its proposed new headquarters in Fountain Valley, Calif. The new building — to be built in the OEM’s U.S. base of operations for the past 20 years — will represent more than […] [Read More]

Trainer Jim Ziegler is slated to host his Internet Battle Plan VIII in Atlanta on Jan. 18–19. At this event, he is expected to talk about techniques and processes that can increase transactions and profits for dealers. In addition to Ziegler, the event hosted at the The Atlanta Marriott Buckhead Hotel & Conference Center in […] [Read More]

ARI and parent company Holman Automotive Group recently revealed the generous financial pledge made by their employees to the United Way of Camden County New Jersey. With 1,800 employees in south New Jersey, Holman Automotive and ARI became the first company to donate more than $1 million to this United Way chapter, pledging a total […] [Read More]

In what was a solid finish to a strong 2011 for the used-car market, December saw a 12-percent rise in used sales, which pushed the full-year numbers to a gain of more than 5 percent, according to CNW Research. More specifically, used-vehicle sales for 2011 totaled 38.8 million units, which was 5.2-percent stronger than the […] [Read More]

If automakers want to make a big advertising splash for their franchised dealers during the Super Bowl, they better have their spot reserved or they might be just watching like millions of others. The broadcaster of this year’s game, NBC Sports, said on Tuesday it has sold out its 30-second advertising spots for this year’s […] [Read More]