AUBURN HILLS, Mich. — Earlier this week, Sergio Marchionne, chief executive officer of Chrysler Group, announced that the automaker intends to break even this year. And by 2014, Chrysler is expected to have its operating profit increase to $5 billion. "We believe sales will reach 2.8 million total units by that date as well," he said […] [Read More]

CARY, N.C. — When it came to top topics on AutoRemarketing.com this week, our readers wanted to know which 2010 vehicles would be recommend to consumers most by a well-known online source. Another popular story at AutoRemarketing.com discussed future wholesale market trends based on AuctionNet data. The top five stories from AutoRemarketing.com this week are: 1. Edmunds.com's 2010 […] [Read More]

CHICAGO — MotherProof.com, an auto site geared toward women and moms, released its 2010 top cars for families on Thursday, and this year, the site added a "Mother of All Cars" award to honor the top vehicle from the nine segments. Receiving this inaugural award was the 2010 Toyota Venza. "The 2010 Toyota Venza is our Mother […] [Read More]

IRVINE, Calif. — Domestic automakers are positioned for the potential for superb growth if consumers react to new vehicles in the same way as editors from Kelley Blue Book. The Web site revealed its Top 10 new and concept units from the 2010 North American International Auto Show in Detroit. More than half of the 10 units mentioned came […] [Read More]

AUSTIN, Texas — Innovative Funding Services has welcomed a new chief operating officer to the company. Named recently to serve in the position was Robert McKie, who joined IFS from his previous post as vice president of sales at Wells Fargo Financial in Eden Prairie, Minn. In his most recent role with Wells Fargo, McKie headed […] [Read More]

FAIRFIELD, Calif. — Copart UK Limited has continued to expand its presence by recently agreeing to purchase D Hales Limited, a salvage disposal company based in Bristol, U.K. D Hales Limited has five auction and auto parts facilities throughout the United Kingdom, including locations in Bristol (Avonmouth), Bedford, Colchester, Gainsborough and Luton. Before this purchase — which is slated […] [Read More]

DETROIT — On Wednesday, General Motors named a new executive director for fleet and commercial operations, who will also head up pre-owned and remarketing operations, as well as assume responsibility for the International Product Center. Taking on this position, effective immediately, is Brian Small. Small most recently served as general director for GMNA order fulfillment and global […] [Read More]

CARMEL, Ind. — There was an extra perk for remarketers who sold their consignments in the final month of 2009 instead of holding out for a seasonal price upswing at the start of the New Year. This was in large part thanks to a seasonally unexpected gain in December's wholesale prices, according to ADESA's Tom Kontos.   Specifically, […] [Read More]

WASHINGTON, D.C. — Dealers throughout most of the 12 Federal Reserve Districts saw their sales either climb moderately or remain static in the last month, though some remained challenged by the current climate, according to the latest Beige Book report. Specifically, the auto markets in the Kansas City and Richmond Districts were softer, but sales were […] [Read More]

MENLO PARK, Calif. — Describing much of 2009 as "atypical," OPENLANE'S Nagi Palle shared a forecast of stabilizing wholesale prices and modest retail sales growth this year in the latest OPENLANE Market Index Report. Because the new-vehicle retail sales market already is picking up slightly, Palle contends that trade-in volume at dealerships should improve as the […] [Read More]