Charleston Auto Auction is celebrating a decade of operations with its 10th Anniversary Sales later this winter that will include a $1 million sweepstakes as well as a giveaway of $50,000 in cash and prizes. The event commemorates what the auction says has been 10 years of significant growth. The one-lane facility that debuted in […] [Read More]

They exhibit more enthusiasm toward car shopping than their Generation X and baby boomer counterparts and show great loyalty to automotive brands. However, they often show apprehension about visiting dealers, and if treated poorly by a salesperson, Generation Y shoppers are also quick to turn away. And more importantly, a year from now, they will likely […] [Read More]

Automotive Resources International said last week that it has brought up one of its executives to serve as the new senior vice president of fleet services, which is responsible for remarketing, among other duties. Assuming the post is Bob White, whose most recent position was as a vice president of operations. White has been with […] [Read More]

Leaders of the National Auto Auction Association all agree that adoption of NAAA’s National Certification Standard Program continues to expand since its release on Jan. 1. NAAA executive director Frank Hackett indicated program implementation is an ongoing process being rolled out during the next six weeks. The association pointed out companies that have already announced […] [Read More]

In light of the growing changes within the industry, the National Independent Automobile Dealers Association’s Certified Master Dealer course has been updated. NIADA and Joe Lescota, Northwood University’s chairman of automotive marketing, have adjusted the course so that dealers can respond to the changing landscape. [Read More]

General Motors said Friday that it has finished pumping about $2 billion of its common stock into the automaker’s hourly and salaried U.S. pension plans. GM announced back in October it would be making the voluntary stock contribution and giving $4 billion to the plans. The automaker contributed cash prior to giving the stock shares to the pension […] [Read More]

The Treasury Department is receiving a hefty sum thanks to a decision announced late last week by Ally Financial’s board of directors. The board declared quarterly dividend payments for certain outstanding preferred stock.   Members revealed a quarterly dividend payment was declared on Ally’s fixed rate cumulative mandatorily convertible preferred stock, Series F-2 (Series F-2 preferred […] [Read More]

It might be easy to say there are two Toyota Corollas or Tundras in dealer inventory. But ever wonder what to call more than one Prius? The automaker wants to know, too, so it’s asking customers to participate in a campaign that challenges the public to answer this unique grammatical question about what the plural form […] [Read More]

North Toronto Auction recently struck a deal with Kia Canada in which the remarketing sales of the service buyback vehicles from the automaker are conducted through the Ontario-based auction. Per the partnership, North Toronto Auction’s physical and online sales are the exclusive avenues for selling these units from Kia Canada. [Read More]

Based on feedback from previous events, organizers of the Auto Remarketing Canada Conference have decided to beef up the dealer-specific content at this year’s event, thus expanding the reach and relevance of this leading industry conference.   ARC 2011, which will be held in Toronto April 12-14, will feature two timely and topical sessions designed […] [Read More]