Bank of America recently announced its top 2010 auctions and Auto Remarketing learned the results. Taking home honors as the 2010 Specialty Auction of the Year is Brasher’s Northwest Auto Auction. Meanwhile, tapped as top auction of the year for the automotive category is Manheim Missouri. "Bank of America truly values each and every relationship […] [Read More]

With the title of world’s top-selling automaker likely slipping out of the grips of long-time king Toyota due to the production fallout from the Japanese earthquake, several automakers are licking their chops to replace Toyota atop the global rankings. One of those, Volkswagen — which has had its eye on the prize for quite some […] [Read More]

New-vehicle sales should improve during the second half of 2011, according to Paul Taylor, chief economist of the National Automobile Dealers Association. Why? Taylor believes the gains should begin in July as inventory levels increase and gasoline prices drop. “Gasoline prices are currently falling, and that will allow dealers to sell a full mix of […] [Read More]

Announced Monday, Ally Financial has been named the exclusive sponsor of Time Dealer of the Year. The awards program, which is produced in cooperation with the National Automobile Dealers Association, aims to recognize the nation’s most successful auto dealers who also demonstrate a long-standing commitment to community service. "Automobile dealers have a tremendous impact on […] [Read More]

For a service technician at Crossroads Chevrolet-Cadillac in Joplin, Mo., recovering from the horrific tornado that ripped apart the community last month became a little easier thanks to the dealership owner and generosity of volunteers. Normally, Jason Moser spends his days reconditioning trade-ins to boost retail used-vehicle inventory at Crossroads Chevrolet-Cadillac. After the May 22 […] [Read More]

ENGLEWOOD CLIFFS, N.J. — Maserati North America recently tapped Ally Financial to be its official preferred financing provider for brand vehicles in the U.S. and Canada. The luxury automaker indicated Ally will offer wholesale financing and insurance for dealers and retail financing and leasing for consumers. Ally and Maserati have entered into a multi-year agreement […] [Read More]

NORTH LITTLE ROCK, Ark. — J.D. Byrider announced late last week that it is opening a new dealership, the company’s first in Arkansas. The new 25,000-square-foot store is located in Sherwood, Ark., and offers on-site financing, used-car sales, a service department and a customer service center. The Sherwood location is the third dealership for co-owners […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute recently asked visitors to its website if the new Consumer Financial Protection Bureau would be more effective run by one director or a five-member board. Results from the ABI Quick Poll showed a majority of respondents — 60 percent — indicated the CFPB will be more effective if […] [Read More]

FARMINGTON HILLS, Mich. — TD Bank Group held a special celebration late last week in Michigan to officially announce the launch of its North America auto lending brand, TD Auto Finance.  Moreover, the company is already apparently 25 percent ahead of expectations in signing up U.S. dealers. "In the last 70 days, we've been able […] [Read More]

Ritchie Bros. Auctioneers is hosting a multimillion-dollar sale next week that will feature more than 2,000 heavy equipment items and trucks for sale. The two-day unreserved public sale will be held June 22 and June 23 at the company’s permanent site in Houston. Among the equipment up for sale are: —Two 2010 Tigercat 724E feller […] [Read More]