After rocketing past the 20-percent mark for much of the winter, the leasing market made a “reversion back to normal levels” during March and the first few weeks of April, according to J.D. Power and Associates senior director Thomas King, who shared some insight on Friday with Auto Remarketing about the leasing trends spotted through […] [Read More]

Vehicle-sharing company car2go made its Canadian debut this week in Vancouver, and company officials said that Canadian members will be able to enjoy a fleet of 225 “car2go edition” smart cars beginning in June. Car2go Canada Ltd. is a subsidiary of Daimler North American Corp. Here is how car2go is designed to work. Officials call […] [Read More]

The 2011 U.S. Green Automotive Study released this week by J.D. Power and Associates doesn’t give franchise dealers that are pushing hybrid and electric vehicles a favorable sales outlook. J.D. Power claims growth of alternative powertrain vehicles sales will be limited by consumer concerns about costs as well as functionality. Despite a rapid increase in […] [Read More]

A general manager at a Florida dealership group has taken his charitable fundraising efforts to new heights — literally. GM Jim Surrett, of Lokey Volkswagen and Lokey Nissan, decided to plant himself atop the roof of his VW store on April 4 and has been there even since. He is eating, working and living on the roof  […] [Read More]

AutoRemarketing.com experienced technical difficulties on Wednesday. We apologize for the inconvenience this may have caused our readers. We have been in close contact with our hosting provider to correct the issue. “After this Auto Remarketing Today edition, Used Car Manager Weekly will be published next, followed by SubPrime News Update (our traditional Thursday afternoon edition). […] [Read More]

The Ford brand maintained its perch atop NADAguides.com’s list of most-researched brands during the first quarter, but Korean brands stole the show and some of the Big 3’s share, as they continue to close the gap on their rivals. According to the first-quarter Brand Share Report, Ford is still the industry’s most popular brand, notching […] [Read More]

Used-vehicle sales in April will likely improve month-over-month by more than a third, according to TrueCar.com, which is projecting about 3.36 million used units sold by month’s end. The site indicated that this would be a 34-percent sequential hike and a 2-percent year-over-year gain, leading to a new-to-used ratio of about 1:3. On the new […] [Read More]

Nominations for Auto Remarketing’s annual Who’s Who listings, set to run in the June 1st edition, are due in by this Friday. Whether nominations highlight an executive that works in remarketing, fleet, auctions, service or more, Auto Remarketing is looking to recognize the top executives in the used vehicle industry. “We are striving to honor […] [Read More]

Vehicle registrations by African-Americans climbed by more than 11 percent in 2010 and one brand, in particular, seems to be benefiting, according to Polk. The automaker most popular among African-Americans in 2010 was Toyota. Specifically, Polk discovered that there were 641,090 new-vehicle registrations within the African-American demographic last year. This marks an 11.5-percent gain from the […] [Read More]

To drive service dollars, Hyundai’s Chicago dealers recently held a weekend-long Groupon promotion where shoppers could receive an oil change, inspection and tire rotation for $29. Customers could take advantage of the deal at 10 different stores in the Chicago area. Hyundai revealed that 1,323 shoppers utilized the Groupon, meaning the average number of new-service […] [Read More]