Inside Remarketing

JJ Hornblass
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Is $2 billion enough?

Started Aug. 6, 2009

 

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Name
JJ Hornblass
Corporate Title
President & CEO
Company
Royal Media Group
City, ST
New York, NY

JJ Hornblass's Blog

JJ Hornblass

No Bids: GM-eBay Deal Crashes

From the WSJ:

General Motors Co.'s short-lived effort to sell cars online through eBay Inc. will end this week, a person familiar with the situation said Tuesday.
The program, launched Aug. 11 as a pilot program in California, hasn't driven major sales for the auto maker, according to dealers and early sales figures. ...

The eBay deal was initially set to end on Sept. 8 but was extended through the end of the month.

Posted on September 29, 2009 at 11:56am —

JJ Hornblass

Frame Job: How Frame Damage Can Quickly Sink Remarketing Goals

Why is it that the most important tasks that need to be performed are often the hardest to do?

That may be the case for car remarketers in identifying frame damage. Those remarketers who fail to first identify frame damage and then disclose that information to potential buyers at an auction could face costly consequences—both in terms of real dollars and damage to their reputation.

But while identifying frame is usually difficult to the untrained eye, there are materials and training programs… Continue

Posted on September 18, 2009 at 10:46am —

JJ Hornblass

Adesa Proposed IPO Yet Another Positive for the Auto Biz

First, it was the Cash for Clunkers program. Then, it was some heartening car-sale numbers. Now, it is Adesa's planned $400 million initial public offering.

Things are looking up for the auto industry.

Adesa's parent Kar Holdings Inc. filed for an IPO yesterday. The company did not set an offering date.

In the filing, which you can view… Continue

Posted on September 15, 2009 at 9:30am —

JJ Hornblass

Blowing the Doors Off Residual Value Analysis

The Chevrolet Volt, a prototype of which hit the roads of Michigan last week, will reportedly get 230 miles per gallon in city driving. Yes, you read that right, 230 MPG. According to the Wall Street Journal, "the Volt, slated to begin production in late 2010, is ex… Continue

Posted on August 11, 2009 at 9:30am —

JJ Hornblass

Despite Higher Trade-in Values, Negative Equity Remains a Lending Concern

By LAURIE GIESEN

The trade-in prices of some vehicles may have edged up in recent months, but that does not appear to have stopped the decline in the number of negative equity auto loans being made.

With lower gasoline prices causing trade-in values on some cars to increase, the spread between the value of the auto loans being requested and the cars being purchased on negative equity loans has narrowed. That led some auto experts to believe that financial institutions would be more willing to… Continue

Posted on August 6, 2009 at 1:30pm — 2 Comments

Comment Wall (2 comments)

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At 3:52pm on September 18, 2009, Ladrue Jordan said…
In this market, getting a new friend, at any time and under any circumstances, is a major accomplishment. I look forward to getting better acquainted.
At 4:39pm on August 19, 2009, John A Colabelli said…
Hi JJ - Though I can't reveal any specifics at this time. The new Default Mitigation Platform we are working on will include specific Remarketing functionality. Our inspiration for new ideas in this area and other areas as well come not only from our customer base and market research but from our internal Fiserv Business Process Outsourcing (BPO) Group as well. They provide outsourced originations, loan servicing, collections, recovery, lease maturity management, title management and remarketing services. Their extensive depth of knowledge and experience in remarketing and other functions provides us with a "real world" environment from which to gain new insights, vision and future product requirements for our industry solutions.
 
 
 





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