CARY, N.C. — Possibly signaling an industry turnaround, readers of AutoRemarketing.com were drawn to news this past week about CarMax gearing up to hire for about 600 store positions. CarMax indicated the majority of those spot would be in sales. Meanwhile, plenty of readers went to Auto Remarketing to learn about Toyota's decision to halt sales in […] [Read More]

DALLAS — Windsor Group announced Thursday that it has acquired Windsor Remarketing, meaning that the company can now offer remarketing management services in addition to its skip tracing and repossession management services. As part of the merger, Windsor Group brings in Scott France — who was the president of Windsor Remarketing — to serve as partner and chief operating […] [Read More]

DEARBORN, Mich. — In what was one of the most tumultuous and unprecedented years in automotive history that saw the bankruptcy of its domestic rivals, Ford recorded positive full-year net income for the first time in four years and closed 2009 on a high note with a strongly profitable fourth quarter.  What's more, Ford executives expect to see another […] [Read More]

PARK RIDGE, N.J. — Like a fellow rental company, Hertz has elected to stop offering eight models temporarily that Toyota has stopped sales on. Hertz executives added that they're working closely with the automaker to make necessary repairs as quickly as possible. However, they stressed that that several Toyota models in their rental fleet are not included […] [Read More]

FREDERICK, Md. — The National Auto Auction Association issued a recommendation this morning that all member auctions immediately halt the sales of recalled Toyota vehicles, covering those the automaker ceased selling. The models involved include: 2009-2010 RAV4, 2009-2010 Corolla, 2009-2010 Matrix, 2005-2010 Avalon, certain 2007-2010 Camry models, 2010 Highlander, 2007-2010 Tundra and 2008-2010 Sequoia. "This list may […] [Read More]

ATLANTA — When asked in the Manheim Consulting's January Auto Industry Brief whether he expects used-vehicle sales will climb this year, chief economist Tom Webb said he "definitely" sees an upswing ahead. "Used-vehicle retail sales are inherently stable and are supported by the 250 million vehicles in operation and the 118 million households that own them," he […] [Read More]

PARSIPPANY, N.J. — Following the news about Toyota's recall and suspended production and sales of eight models, Avis Budget Group said in a statement Wednesday that, as a precautionary measure, it will be taking all of automaker's recalled units out of its U.S., Canadian and Puerto Rican fleets. "The safety and peace of mind of our […] [Read More]

SANTA MONICA, Calif. — Chevrolet Corvette sales showed significant erosion in 2009 and fell to their lowest level in almost 50 years, leading analysts with Edmunds.com's AutoObserver.com to speculate whether this decline means consumers are becoming less interested in sports cars, in general. While acknowledging the soft economy's impact, analysts with the site say they are curious […] [Read More]

OVERLAND PARK, Kan. — NCM Associates today officially launches its NCM Institute Center for Automotive Retail Excellence today, offering dealers a wide variety of programs, including introductory and advanced courses in used-vehicle management, general management, service management, sales management, financial management and e-commerce management. All of the courses are designed to provide comprehensive, real-world strategies tailored to […] [Read More]

McLEAN, Va. — The National Automobile Dealers Association on Wednesday revealed its initial list of industry experts and trainers set to be a part of its new initiative, NADA University. The free online education and training resource for dealers known as the Learning Hub will include five respected, well-known individuals who cover a wide range of […] [Read More]