AutoRemarketing.com’s Top Weekly Stories
CARY, N.C. — Leading the way as the top headline this past week at AutoRemarketing.com was a story that shared details about Manheim enhancing a partnership with BMW Group Financial Services.
Also catching readers' attention was news about plans for recalled Toyota vehicles to return to the auction lanes.
The top five stories from AutoRemarketing.com this week are:
1. Manheim Strikes Remarketing Deal with BMW Group Financial Services
ATLANTA and WOODCLIFF LAKE, N.J. — As part of a new partnership with BMW Group Financial services, Manheim is distributing and remarketing all BMW and Mini company cars originating from the automaker's North American headquarters. And it appears to be …
2. Auctions to Start Selling Recalled Toyota Models Again
FREDERICK, Md. — Back in late January, auctions throughout the country halted sales of eight recalled Toyota models on the recommendation of the National Auto Auction Association until a plan could be developed to repair these vehicles. That plan is now here. On Thursday …
3. Are Toyota Issues to Blame for Overall Used Market Decline?
BANDON, Ore. — When explaining the softness in the used-vehicle market thus far in February, CNW Research pointed to the issues surrounding Toyota, suggesting that used sales and transaction prices seemed to …
4. Which Brands Show Loyalty Gains?
IRVINE, Calif. — The brands seeing the biggest upswing in owner loyalty during the initial aftermath of the Toyota recalls are …
5. Toyota Owners Seek Legal Action to Recoup Lost Resale Values
BOSTON — As Toyota owners see the value of their vehicles drop in connection with the automaker's recent recalls, many have sought legal action. Many are turning to …
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 trend and challenges facing the auto finance industry.