WASHINGTON, D.C. — The Consumer Financial Protection Bureau announced Wednesday it is seeking input on financial products and services, including auto loans, geared for service members and their families. Also, the nominee to lead the bureau recently made his opening address to the Senate Committee on Banking Housing and Urban Affairs. Before learning more about what […] [Read More]

A group of Sonic Automotive stores in Oklahoma have changed their names and are now under the “Momentum” umbrella brand. The move was designed to "unite" the dealers and stress the advantages of the Momentum brand, which includes an “upfront price” model, customer benefits program and the 25,000 vehicles in its nationwide inventory, officials said. [Read More]

As much as TrueCar’s Scott Painter wanted to discuss Wednesday’s newest acquisition and capitalization, the company’s founder and chief executive officer insisted to Auto Remarketing that the “bigger story” is about dealers. Painter believes the retail side of the auto industry “has had its toughest four-year stretch in the last 110 years. “I think the […] [Read More]

Experian Automotive revealed Wednesday that Jaguar Land Rover North America is now using Experian’s vehicle history reports in its certified pre-owned program. What this means is that Land Rover and Jaguar dealers now have AutoCheck as an option when providing history reports on CPO cars. “The addition of AutoCheck vehicle history reports is an important […] [Read More]

Saab Automobile AB is filing for voluntary reorganization today in hopes of staving off creditors in the short term while it waits for the arrival of its Chinese investors’ equity contributions. The reorganization only includes Saab Automobile AB, Saab Automobile Powertrain and Saab Tools AB. Saab Cars North America and other overseas operations are not […] [Read More]

Ford franchised dealers now can watch more “ups” arrive through text messages. FordDirect on Wednesday revealed details about a new mobile service that can enable shoppers to receive prompt, targeted information about Ford vehicles by simply sending a text message from their mobile device. Powered by mobile marketing and advertising company Hipcricket, FordDirect explained the […] [Read More]

Though its destruction appears to have been far less severe than that of Hurricane Irene last month, Tropical Storm Lee certainly had an impact on the Southeast and Gulf Coast during Labor Day weekend and impacted automotive world during a big sale weekend. Fortunately — based on what Auto Remarketing learned Tuesday — the harm […] [Read More]

SmartAuction, Ally Financial’s online vehicle auction website, formed an agreement with CentralDispatch Tuesday. The deal is meant to allow SmartAuction users to upload daily auction transaction activity to their CentralDispatch accounts. Officials believe the enhancement can simplify the vehicle transport process by allowing SmartAuction users who subscribe to the CentralDispatch service to automatically populate a […] [Read More]

Though AutoNation’s car sales slipped 3 percent year-over-year in August as import sales slid double-digits, the dealership group said it saw improvement in its domestic operating segment. Specifically, sales for Big 3 brands came in at 5,788 units for the month, a 7-percent gain from August 2010. Overall, AutoNation’s dealers sold 18,121 new cars in […] [Read More]

In a two-month promotion that kicked off last week, Manheim is offering rebates to used-car dealers when they post vehicles for sale on OVE.com. As the number of sales on the site for a dealer increases, so does the rebate, officials explained. Additionally, Manheim’s The Wholesale Institute is holding two free online seminars next week […] [Read More]