Seen as a way to encourage as many repossession agencies as possible to participate, the American Recovery Association extended the deadline for companies to submit data for its next industry scorecard. Pitched as an initiative to compete against forwarding companies, agencies now have until March 15 to gather information about company activity from Jan. 1 […] [Read More]

Manheim didn’t hesitate when compiling this year’s Used Car Market Report to emphasize what it believes is the more important element to remarketing repossessions. The auction company insisted days-to-sale remains the key focus. Manheim explained that even though wholesale used-vehicle pricing was exceptionally strong in 2009 and 2010 — meaning that used units were depreciating […] [Read More]

In its continuing mission to recognize excellence in the industry, along with reporting the latest news, Auto Remarketing revealed today that its April 1 edition is dedicated to honoring women’s contributions to the used-car, remarketing, auction and auto finance industry. No matter what area of the business the female nominee comes from, she must have […] [Read More]

Auto Remarketing’s inaugural Certified Pre-Owned Dealer of the Year received an unexpected marketing boost from one of Hollywood’s most famous actresses. Paragon Honda’s Brian Benstock reportedly has been flooded with inquiries because of what Jennifer Aniston did during a recent episode of The View. According to a Brandweek report, Aniston was asked during the TV show […] [Read More]

Dozens of former Chrysler dealers are suing the federal government for $130 million “for the alleged taking of their franchise business,” according to a statement from the dealers’ attorneys released late last week. Sixty former Chrysler dealers are involved in the suit against the U.S. government, which was filed Thursday in the U.S. Court of […] [Read More]

U.S. used commercial vehicle registrations (GVW 3-8) climbed to a record level in 2010, according to Polk. Analysts determined that approximately 672,000 units were registered last year, a figure representing a 21.7-percent increase over the 2009 level. With this increase, Polk asserted last week that used commercial vehicle registrations accounted for nearly 65 percent of […] [Read More]

In TrueCar.com’s January Performance Scorecards that ranked manufacturers and brands across a wide spectrum of criteria, there was one automaker, in particular, that was the head of the class. Not only did Porsche show the most month-over-month improvement for any OEM, but it also was the top scoring manufacturer and tied for the lead among […] [Read More]

Saab Automobile announced last week that it tapped an executive from Lindab Group, a Swedish company providing products and systems for the construction industry, to be its new chief financial officer. Taking on the role is Nils-Johan Andersson, who the automaker says has more than 20 years of experience in corporate finance, financial planning, accounting […] [Read More]

Michigan used-vehicle dealers now have another way of reaching potential buyers. Officials from MI Auto Times have added an online classifieds section to go with their offerings of current industry news. The publication indicated the MI Used Cars Section can allow consumers to search for vehicles by: —Make —Model —Minimum price —Maximum price —ZIP code Furthermore, […] [Read More]

Canadian Black Book unveiled its Best Retained Value Awards for 2011 this week, and taking home the most honors yet again was Toyota/Lexus. The awards are spread across 17 segments and examine 2007 model-year units. Canadian Black Book determines the winner in each segment based on which model in the specific vehicle class has held its value […] [Read More]