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CORRECTED-UPDATE 1-Honda to recall 250000 vehicles globally for braking problems	Mar 15th, 2013
Thu Mar 14, 2013 9:50pm EDT (Corrects para 2 to say seven models were recalled, not four; adds paras 3 and 4 to clarify vehicles involved) TOKYO, March 14 (Reuters) - Honda Motor Co Ltd will recall nearly 250,000 vehicles globally, including sedans, minivans and SUVs, due to braking problems, the automaker said on Thursday. Seven models are affected by the recall. In the United States and five ... More

Recall Round-Up: 182,800 Honda and Acura Vehicles for Faulty Vehicle Stability Assist System, Five Nissan Models for Non-Deploying Front Airbag	Mar 14th, 2013
Honda will be recalling 250,000 vehicles worldwide–182,800 vehicles in the United States–over concerns the Vehicle Stability Assist system. The system may apply the brakes for a split-second without any input from the driver. In all, 101,000 Honda Pilot vehicles, 60,000 Acura MDX vehicles and 21,000 Acura RL, all of which were assembled for the 2005 [...] More

Head 2 Head Episode 28: Ford Focus ST vs. MazdaSpeed3	Mar 14th, 2013
In this episode of Head 2 Head, Carlos Lago, Associate Road Test Editor for Motor Trend, compares two powerful hot-hatches, the Ford Focus ST and the MazdaSpeed3. Which is better? From the start of the video, it’s clear which car Lago has chosen, even before any of the tests have been done. Lago immediately states [...] More

IIHS Tests Underride Guards on Big Rigs	Mar 14th, 2013
For the most part, semi trailers have done a decent job of keeping vehicles from sliding underneath them, but when there’s an accident with only a small portion of the truck’s rear, a new study from the Insurance Institute of Highway Safety shows most trailers fail to prevent potentially deadly underride. Underride guards are steel [...] More

Spied! Porsche 911 Targa	Mar 14th, 2013
Start saving your money now. The new Porsche 911 Targa has been spotted during its first cold weather test in Sweden. Fans of the classic 911 Targa were disappointed when it disappeared after the 964 was replaced by the 993, but it looks as if the new Targa will go back to offering a removable [...] More

Fins, Fleets, and Everything in Between: A Brief History of the Chevrolet Impala	Mar 14th, 2013
Although production of the Impala has stopped and restarted a couple of times, it remains one of Chevrolet’s most revered nameplates—and America’s annual sales leader at various times. But the highly successful cars of the 1950s and ’60s were followed by a string of uninspired models that largely turned “Impala” into a synonym for “rental.” [...] More

2013 Mercedes-Benz SL63 AMG Tested: A Sweet Spot of Luxury and Performance	Mar 14th, 2013
With a lineage descended from LeMans-inspired gullwings, few cars have the chutzpah of the Mercedes-Benz SL. Steeped in 60 years of tradition and polished to near-perfection, it has been for most of its existence an embodiment of success, as well as the de facto baseline for high-end convertibles. On the other hand, a couple of [...] More

Industry Veterans Receive Honors

Mar 14th, 2013

stanleyscar2013 LAS VEGAS Industry veterans Henry Stanley, Bob Graham and Brad Myers were recognized with top honors during the recent Conference of Automotive Remarketing.

Stanley, owner of Carolina Auto Auction in Williamston, S.C., won the 2013 Remarketer of the Year award, while and Graham, ARI's vice president of vehicle remarketing won the 2013 Consignor of the Year during the recent Conference of Automotive Remarketing.

Brad Myers, vehicle remarketing manager for Capital One Auto Finance, received the National Auto Auction Association’s Warren Young Fellowship. The NAAA partners with CAR for the event.

Stanley is president and owner of Carolina Auto Auction in Williamston, S.C., and owner of Indiana Auto Auction in Fort Wayne.

Stanley started in the auction industry in 1960 as a ringman, before becoming an auctioneer for Capitol Auto Auction in Columbus Ohio. In 1969, he purchased the auction, renaming it Ohio Auto Auction.

He later sold the auction and briefly retired.

But in 1990, he and his wife, Patty, purchased Carolina Auto Auction and later bought Indiana Auto Auction.

“I’m so honored,” said Stanley, as he accepted the award. “As I look among the great remarketers in this (industry), I would never think that I could win this award. I thank you very much.”

Stanley thanked his wife and his staff at both of the auctions

Graham, ARI’s vice president of vehicle remarketing, started with ARI in 1973. He has worked in new vehicle purchasing and also served as director of ARI’s maintenance department while working up the ranks. He has been credited with ARI’s innovation and involvement on the Internet.

Graham, a former IARA president who now serves as chairman of the board, was grateful for the award.

“When you get in this position, you have to thank all the people that you’ve worked with, who gave you the opportunity to be out (here) working in the great remarketing industry,” he said.

He specifically thanked Jennifer Schade, ARI’s vehicle remarketing manager for her support as well as others in the industry.

NAAA President Paul Lipps presented with the 65th Warren Young Fellowship award to Myers.

Lips said during Myers’ time with Capital One, he has managed the group’s vehicle remarketing program through “expansive growth,” while utilizing 44 auction locations across the nation, while developing and implementing a vehicle inspection program for the company. Myers also serves on client advisory boards for Manheim and ADESA.

Since 2004, the Warren Young Sr. Scholastic Foundation has helped 120 students with college scholarships, while raising $1.25 million and awarding $40,000 annually in scholarships,” Lips said.

Candidates for the remarketer award must: implement best practices; create, embrace and implemented industry innovation; move the industry forward with professionalism and maintain the highest industry standards; willingly share their expertise and skills to advance the industry; participate in industry associations and groups; and serve as mentors and role models in developing the next generation of remarketing professionals.

Those considered for the consignor award must also meet similar criteria.

Cordray Nomination Hearing Held	Mar 14th, 2013
Senate Banking Committee Chairman Tim Johnson advocated for Consumer Financial Protection Bureau Director Richard Cordray to retain his position at a hearing March 12. A vote on the nomination will be held at a later date. More

Pinterest Introduces Web Analytics Tool	Mar 14th, 2013
The site's new tool will allow marketers with a verified website to monitor what users have pinned from their site, as well as what pins have been repinned and clicked on the most by other users. More

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