CITRUS HEIGHTS, Calif. — Repo Remarketing recently promoted one of its executives to vice president of sales and operation. Assuming this position is Claudia Plascencia. Plascencia joined Repo Remarketing seven months ago as senior operations manager. In her new role, the company indicated that Plascencia's team will be responsible for national sales and operations of repossession […] [Read More]

DARLINGTON, S.C. — Later this week, Manheim Darlington is hosting its 67th Annual Blast from the Past Sale, which will offer vehicles from such consignors as Enterprise Holdings, Hertz, CPS, Remarketing Solutions, Rick's Auto Marketing, Anderson Brothers Bank and First Citizens Bank, just to name a few. Officials expect that the "Let's Rock Around The Clock" anniversary […] [Read More]

BLOOMFIELD HILLS, Mich. — Penske Automotive Group executives credited their company for overcoming weather-related issues and the struggles of the smart USA brand to still post a handsome year-over-year quarterly income increase. The company detailed late last week that its 2010 first quarter income from continuing operations totaled $20.8 million, or $0.23 per share. It's a […] [Read More]

ATLANTA — AutoTrader.com is rolling out a new advertising campaign today across multiple channels — including Web, TV and business-to-business avenues — that will demonstrate the research tools, information and vehicle inventory the company can offer to help shoppers make the best purchase decision. What AutoTrader.com calls the centerpiece of the "Heart & Mind" campaign are two 30-second TV spots that […] [Read More]

CHICAGO — While incentives may have been effective in generating consumer interest in Toyota in March, those gains didn't last in April, according to Cars.com, which suggested the downward effect from the automaker's recalls on its sales will likely linger. Specifically, the site said that during April, Toyota new-vehicle leads on Cars.com fell 17 percent. Showing particularly […] [Read More]

TORRANCE, Calif. — Honda executives late last week announced they're recalling approximately 167,000 Acura TSX vehicles to replace a power steering hose. The automaker indicated that affected TSX vehicles are from the 2004 through 2008 model years sold in the United States. Each recalled unit is equipped with the 2.4-liter inline 4-cylinder engine. Brand officials explained […] [Read More]

TOYOTA CITY, Japan — Toyota Motor Corp. announced late last week that it has initiated organizational and executive responsibility changes to shore up its quality issues stemming from ongoing recall turmoil. The automaker has created a new design quality innovation division, which will reside under the technical innovation group. Toyota indicated that its decision alters its […] [Read More]

YONKERS, N.Y. — ConsumerReports.org recently unveiled on its Cars Blog what it considers to be the top vehicles for teen drivers. The site recognized 13 models across three categories: small cars, family cars and small SUVs. Each of the vehicles was "recommended" by the publication. As most know, to gain this tag, vehicles must have a […] [Read More]

NEW YORK — Recent analysis from PricewaterhouseCoopers pinpointed what the firm believes will be the fundamental changes necessary for the near-term restructuring and long-term sustainability of the automotive industry. Firm analysts contend that greater automotive merger and acquisition activity will be the driving force. That was the crux of the report titled, "Drive Value — Automotive M&A […] [Read More]

NEW YORK — As Sergio Marchionne, chief executive officer of Chrysler, took to the stage on Wednesday for the NADA/IHS Global Insight Automotive Forum in New York, he said the important role that dealers play in his company's reconstruction cannot be overstated. "The development of a quality distribution network was a key element in the turnaround […] [Read More]