In addition to announcing the most-searched for 2010 used vehicles on its site, CarMax revealed that comparable-store used sales climbed 16 percent for the fiscal third quarter. Explaining this uptick to investors, the chief executive officer said this figure represents the company’s strongest comparable in several years. [Read More]

Kelley Blue Book’s Kbb.com recently unveiled its 2011 Best Redesigned Vehicle and earning the annual recognition is the 2011 Honda Odyssey. [Read More]

Auto Remarketing recently learned that Kia Motors America has now partnered with both AutoTrader.com and Experian Automotive to enhance its certified pre-owned program. As part of the deal with AutoTrader.com, the site will now display Kia’s certified inventory prominently. [Read More]

Just before Christmas, AutoTrader.com finalized the last of its major acquisitions that came during the last quarter of 2010. Site executives revealed the completion of their transaction to secure the assets of HomeNet Automotive. They indicated the move means HomeNet’s assets will be acquired by a newly formed wholly-owned subsidiary of AutoTrader.com. AutoTrader.com emphasized its […] [Read More]

TD Bank Group announced this morning that it is acquiring Chrysler Financial for cash consideration of about $6.3 billion. This purchase includes net assets of $5.9 billion and about $400 million in goodwill. [Read More]

In what is designed to provide greater “peace-of-mind” in the wholesale marketplace, a new CarProof Dealer Lane was launched at a recent Manheim Toronto Thursday “Nite Sale," and the auction’s general manager revealed that the facility will start implementing the CarProof Dealer Lane at its usual Tuesday weekly sale on Jan. 11. [Read More]

The schedule of speakers is beginning to be sketched out for the upcoming Auto Remarketing Canada conference, which will be held in Toronto April 12-14, 2011.   Conference organizers noted that many industry leaders have already committed to speaking at the conference, including:  David Sudbury, vice president, Honda Canada Financial [Read More]

Sharing some of the expansion and progress the company has made in Canada this year, OPENLANE revealed recently that it achieved an all-time high for Canadian online vehicle sales this year. The online auction said it moved over 100,000 units through the Web in 2010, and cited the reasons for this growth as being more […] [Read More]

While the Big 3 enjoyed some resurgence this year after a rather trying 2009, NADAguides.com revealed some more good news for these automakers Thursday. The company announced that the three most-researched models on its site for the first 11 months of the year are all Big 3 models. Specifically, the 2010 Ford F-150 generated the most interest […] [Read More]

This is our last edition of Auto Remarketing Today for the year. After we publish Auto Remarketing Canada a bit later today, we will go dark until the new year to give our staff time to spend the holidays with family. AutoRemarketing.com will return to its normal publishing schedule Jan. 3 with a new edition of […] [Read More]