DEARBORN, Mich. — A recent fleet delivery of 2,500 vehicles to Kraft Foods prompted Ford officials to highlight the sales and residual strength of its fleet units. The automaker contends that its share of the national fleet market stood at 24.8 percent through December of 2009. Executives indicated that this figure marked a 1.9-point increase over the same period […] [Read More]

AUBURN HILLS, Mich. — Executives from Dodge and Mopar recently rolled out an incentive program to customers who purchase a 2010 Dodge Challenger R/T, R/T Classic or SRT8. The program called "Mopar Bucks" gives customers $2,000 that they may use to buy select performance parts, service contracts and accessories. Options purchasers have include: —Dodge Challenger's new […] [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services revealed this week that Bank of America's Dealer Financial Services is being connected to its AppOne platform. Interestingly, this latest deal is designed to help dealers finance marine and RV units for customers. "Not only does AppOne automate the finance and credit approval processes, but it also provides forms that […] [Read More]

CHICAGO — Nationwide Acceptance Corp. recently completed integration with DealerTrack, meaning that dealers can now process credit applications electronically to Nationwide through the DealerTrack platform. "We are very excited to integrate with one of the nation's premier platforms for dealers to access finance companies," explained Martin Less, president of Nationwide Acceptance. "Being part of the DealerTrack […] [Read More]

DETROIT — Now an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as its preferred provider of wholesale and retail financial services for its qualified Saab dealers and customers throughout the world. The automaker's dealers already work with GMAC thanks to their prior relationship with General Motors. Saab was formerly a […] [Read More]

CARMEL, Ind. — Late last week, J.D. Byrider announced it has hired a new executive to serve as vice president of franchise operations. Hired for this position is Thomas Welter, who will be responsible for "maximizing unit profitability by strengthening the company's franchise support system and mentoring and developing the company's franchise consultants." Explaining the decision, […] [Read More]

UNION, N.J. — One of the most important questions facing the recovery industry today is whether there is a need for more government intervention. Most recovery agents believe state regulation is a double-edged sword. Many dislike and disagree with government intervention, but no one can deny the fact the recovery industry is at a crossroads that […] [Read More]

BOSTON — A new report from the National Consumer Law Center calls for each state to enact laws that would require secured lenders to get court orders before vehicles can be repossessed. Also, the report apparently calls for requirements that repo agents be better regulated. The NCLC is also asking for enhanced notice requirements, in addition […] [Read More]

CARY, N.C. — Auto Remarketing continually strives to recognize excellence in the industry and with this in mind, the April 15 edition of our publication will be dedicated to honoring women's contributions to the remarketing world. But you must act quickly if you want to nominate a leader for this special recognition. The deadline to submit […] [Read More]

SANTA MONICA, Calif. — Analyzing used-vehicle prices, Edmunds.com discovered that prices are up across the board by about 2 percent from the previous month. However, the company noted that apparently the prices of used Toyotas impacted by the recalls are down an average of 2.5 percent. Discussing the results, Joe Spina, Edmunds.com analyst, pointed out, "Many […] [Read More]