This Week’s Top Stories at AutoRemarketing.com
CARY, N.C. — Major announcements, management changes and comments from some of the industry's top executives dominated the news this past week at AutoRemarketing.com.
Leading the way was a recap of enhanced dealer consignment initiatives highlighted by KAR Auction Services' chief executive officer.
Readers also learned about another major management overhaul at General Motors.
The top five stories from AutoRemarketing.com this week are:
1. KAR Creates New Management Team to Help Ramp Up Dealer Consignments
CARMEL, Ind. — KAR Auction Services chief executive officer Jim Hallett spent nearly as much time discussing ramped up efforts for greater dealer consignment of vehicles at ADESA as he did reviewing …
2. GM Shakes Up Executive Structure Again, Commences Compact Recall
DETROIT — Coming on the heels of a recall of more than 1 million vehicles, General Motors shuffled more than a dozen top executives into new roles and responsibilities on Tuesday, prompting Mark Reuss, the GM North America president, to stress that now this arrangement is "my team." Among the wide-sweeping changes are …
3. Toyota Launches Hefty Incentives
TORRANCE, Calif. — In an effort to boost sales after the recent turmoil over recalls, Toyota rolled out what it calls the "most far-reaching sales program in its history" on Tuesday. Basically, the March Sales Event …
4. Mercedes-Benz Financial Remarketing Exec Talks Leasing
FARMINGTON HILLS, Mich. — The current health and future viability of leasing has been a hot topic in the auto marketplace lately, as leasing levels throughout the industry dipped last year but are now showing a bounceback. Sharing some perspective from the luxury side of the market with Auto Remarketing this week was …
5. Chrysler Rolls Out New Dealer Standards
AUBURN HILLS, Mich. — As of February, Chrysler Group has completed rolling out new standards for dealers. According to a person close to the situation, large dealers selling up to 1,800 units could earn up to $200,000 from …
Editor's Note: For more, stay tuned to the Auto Remarketing Today daily e-newsletter for the latest breaking news in the industry. Also, visit our sister publication, SubPrime Auto Finance News, to learn more about the trends and challenges facing the auto finance industry.