Nominations for Auto Remarketing’s  annual Who’s Who listings, set to run in the June 1st edition, are due in by this Friday. Whether nominations highlight an executive that works in remarketing, fleet, auctions, service or more, Auto Remarketing is looking to recognize the top executives in the used vehicle industry. “We are striving to honor the […] [Read More]

Reflecting on a week where overall wholesale values continued to climb, Black Book’s Ricky Beggs found that late-model used units, in particular, are seeing escalating demand in the auction lanes. The cause? As one might guess, Beggs pointed to the dynamics stemming from a feared production shortage in Japan as the island nation still battles […] [Read More]

With gas prices approaching $4 a gallon in many states, LeaseTrader.com thinks drivers are coming to inquire about fuel-efficient options that go beyond hybrid models. As a result, the site indicated the Mercedes-Benz E350 Bluetec has the highest demand among diesel vehicles on LeaseTrader.com with search demand up 6.4 percent compared with January. Officials determined […] [Read More]

If your Asian brand franchise dealership is seeing less showroom or online traffic, here’s the potential reason why. TNS survey results revealed Monday showed appeal for vehicles by brands from Japan or Korea is slipping because of the earthquake and tsunami catastrophe that struck Japan on March 11. TNS discovered more than 25 percent of […] [Read More]

Lithia Motors announced Monday it acquired a trio of franchise dealerships located near Portland, Ore. Executives indicated Lithia’s newest stores include Rasmussen BMW Mini, Mercedes-Benz of Portland and Mercedes-Benz of Wilsonville. They calculated the stores will add $176 million in estimated annual revenues. “The Rasmussen group has a strong history in the Portland market,” stated […] [Read More]

As part of its education outreach, the National Auto Auction Association revealed this year’s 12 Warren Young Sr. Scholastic Foundation scholarship winners. The foundation has been around since 2004 and doles out $40,000 each year in merit scholarships. Eligible applicants are full-time employees of NAAA member auction or corporate offices or children/grandchildren of an employee. […] [Read More]

HANOVER, Md. — The Community Auto Finance Association is looking to expand its membership of established local businesses that sell, lease and finance used vehicles. Established last October, CAFA is also hoping a new website can boost its member partnerships that leaders believe can represent approximately 7,500 companies and their 300,000 employees, who are responsible for […] [Read More]

HOUSTON — First Investors Financial Services Group recently named an industry veteran to be its senior vice president of marketing and originations as well as co-chief operating officer. Taking on the role is David Satterfield, who First Investors is asking to be responsible for direct and indirect marketing, credit underwriting, funding and direct call center […] [Read More]

TORONTO — Ally Financial and DealerTrack Canada announced today that Ally Credit Canada Limited has been added to the DealerTrack network of more than 6,000 Canadian dealers as a financing option for their customers. "The addition of Ally to the DealerTrack Canada network provides the company with access to retail financing applications from essentially all Canadian […] [Read More]

BOSTON — The Securities and Exchange Commission is alleging that Inofin, a subprime auto finance firm, and several of its top officers improperly raised funds through unregistered securities, among other claims. The SEC is taking the company to court over the allegations and has named top officers in the lawsuit as well, including Michael Cuomo, Kevin […] [Read More]