Retail
TrueCar Predicts November’s Used- and New-Vehicle Sales Results
Wednesday, Nov. 24, 2010, 07:00 AM
Auto Remarketing Staff
As November gets ready to draw to a close with Thanksgiving tomorrow, TrueCar decided to announce its sales expectations for the month, covering both used- and new-vehicle sales results. The site is projecting that used sales will reach almost 2.6 million units, which would be almost unchanged from the year-ago period and less than 1 percent stronger compared to […] [Read More]
NHTSA Looks into How Recalls Were Handled by Rental Companies
Wednesday, Nov. 24, 2010, 06:57 AM
Auto Remarketing Staff
The National Highway Traffic Safety Administration announced recently that it is investigating how adequately rental car companies conducted proper fixes on a slew of recalled models from Big 3 automakers before renting out the vehicles. More specifically, the agency is looking at rental companies’ work on 29 different models that were recalled by Ford, Chrysler […] [Read More]
GM to Thank America on Thanksgiving Day
Wednesday, Nov. 24, 2010, 06:55 AM
Auto Remarketing Staff
In the spirit of Thanksgiving and just a week after its initial public offering commenced, General Motors plans to show the nation its gratitude on Thursday through a 60-second TV commercial. The spot, which does not include a voiceover, starts with “serious and comic images of failure” one after another. Then, the commercial shows recovery-themed images. [Read More]
Kia Establishes New Shopping Channel Through eBay Motors
Tuesday, Nov. 23, 2010, 06:59 AM
Auto Remarketing Staff
Kia franchise dealers now can reach shoppers on eBay more easily thanks to a new deal announced Monday between the automaker and eBay Motors. Kia is the first major OEM to post a unique shopping site on eBay, according to executives. More than 345 Kia dealers have signed up to list their entire new-vehicle inventory online. From the comfort of their […] [Read More]
Toyota’s Request for Lawsuit Dismissal Receives Early Denial by Judge
Tuesday, Nov. 23, 2010, 06:57 AM
Auto Remarketing Staff
Toyota’s request for a Santa Ana, Calif., federal judge to halt the class-action lawsuit involving claims of vehicle-value erosion from unintended acceleration appears likely to be rejected, according to various news reports. In U.S. District Court last week, Judge James Selna issued a temporary ruling indicating that he plans on allowing the plaintiffs’ suits to proceed, […] [Read More]
Ford Is Asking Facebook Fans to Name New V6 Performance Package
Tuesday, Nov. 23, 2010, 06:54 AM
Auto Remarketing Staff
Ford believes a winning branding idea will come from its Ford Mustang Facebook community that now consists of more than 940,000 members. The automaker is asking these Facebook fans to submit their thoughts for the best name of new Ford Mustang V6 Performance Package, which is set to roll out for 2012. The campaign runs […] [Read More]
GM Ralph Conti Shares His Store’s Strategy for Turning Online Customers into Buyers
Monday, Nov. 22, 2010, 08:58 AM
Auto Remarketing Staff
The general manager of Bill Kay Chevrolet in Chicago said the Internet has changed the way buyers approach sales. And the key to turning these Internet shoppers into sales is by establishing a relationship. Basically, despite all the technology available today, Ralph Conti still sees relationships as a very important aspect of the sales process. [Read More]
Canadian Fiat Dealer Network Unveiled
Friday, Nov. 19, 2010, 03:14 PM
Auto Remarketing Staff
Similar to what its U.S. parent did this week, as well, Chrysler Canada revealed the first group of Fiat franchises for Canada. The company picked 58 stores divided across the Eastern region, Western region and Quebec. Officials said that Chrysler Canada, in selecting its dealer body, considered the potential dealerships’ “location, the establishment of a dedicated […] [Read More]
Hertz Rent2Buy Adds Another Lender to Program
Thursday, Nov. 18, 2010, 06:59 AM
Auto Remarketing Staff
Thanks to a new partnership announced Wednesday, Hertz Rent2Buy customers now have the option of financing their vehicle purchases through Bank of America. “We are pleased to include Bank of America as one of our select lenders in the Rent2Buy program,” said Mark Frissora, chairman and chief executive officer of Hertz. [Read More]
Calif. Dealership Group Embarks on Another Franchise Construction Project
Thursday, Nov. 18, 2010, 06:54 AM
Auto Remarketing Staff
Price-Simms is in the middle of another construction project for a franchise operation located on its 31-acre property in the San Francisco Bay Area. Soon after opening a new Ford showroom, Price-Simms began work on building a Mercedes-Benz dealership consisting of 40,000 square feet. Executives pointed out the new lot will augment Fairfield’s 31-acre auto […] [Read More]