Responding to Hurricane Sandy and its Aftermath
The impact of the massive Hurricane Sandy in the Northeast is being uncovered a bit more each day. Here are a few landmark moments so far… ARI and PHH Arval temporarily closed their offices in Mt. Laurel, NJ, and Sparks, Md., respectively, due to being in the region hit hard by the hurricane. Both companies […]
Gary Rappeport Retiring, Wright Express Changes Name, Blue Tree Expanded, GM Canada and OEConnection, NexTraq and Vonigo Offer Centralized Solution, New Clean Cities Coalition Starts Up
Long-Time Donlen CEO Gary Rappeport Retiring Hertz Corp. announced that Donlen CEO Gary Rappeport will be retiring at the end of this year. He’ll be replaced by Donlen’s current President and COO, Tom Callahan. Learn more. Wright Express Now Has a New Corporate Name Wright Express has changed its name to WEX Inc. to reflect […]
IARA’s Matt Marks Being Honored by Remarketing Leaders
Matt Marks, the long-time Executive Director of the International Automotive Remarketers Alliance (IARA), died on Sunday, Oct. 28, from a heart attack. He was 70 years old, and is survived by his wife, Rita. In his role as executive director of the IARA, Marks was charged with ensuring the Alliance’s objectives were met, while taking […]
NADA Looks at Impact of New Vehicle Sales on Used Values into the Next Year
NADA Used Car Guide has published a forecast for used vehicle market trends that are expected into 2013. Market fundamentals should remain favorable. There is a continued shift in preference toward new vehicles, which are mildly detrimental to used vehicle prices, however, there are other positive factors in addition to tight supply what that will […]
Art Spinella Tracks October Used Vehicle Sales Trends
Franchised and independent dealers saw strong used vehicle sales volume in October, up 8.1% and 12% respectively year-to-date. The actual transaction prices weren’t as strong – down 3.6% from last year and down 4.2% from September for franchised dealers. Credit challenged customers with FICO scores under 670 are getting more loans now, according the CNW […]
