Auto Retail News

NEW YORK, Nov. 2, 2012  —  Ally Financial Inc. (Ally) today reported net income of $384 million for the third quarter of 2012, compared to a net loss of $898 million in the prior quarter and a net loss of $210 million for the third quarter of

ORANGE COUNTY, Calif. — Hyundai Motor America and Kia Motors America today announced that, following discussions with the U.S. Environmental Protection Agency (EPA), they are voluntarily adjusting the fuel economy ratings for approximately 900,

AutoTrader Group invests in the world’s largest new car market by acquiring a stake in Bitauto. ATLANTA — AutoTrader Group, operator of the largest digital automotive marketplace in the United States, has made a significant international

DEARBORN, Mich. — The new Ford C-MAX Hybrid – America’s most fuel-efficient and affordable hybrid utility vehicle – is now the best-selling hybrid utility vehicle after outselling Toyota Prius v, 3,182 units to 2,769 units, in just it

The first John T. Grappone Spirit of Excellence Award, given by the New Hampshire Automobile Dealers Association (NHADA), was recently presented to Paul Holloway, president of Holloway Automotive Group. This annual award goes to an NHADA member who h

It’s been one hell of a ride, gang Looking back at Progressive Basics when the company was first started. I was a very young man, only 35, but had already sat in every seat in a dealership. I had developed my own vehicle (Nissan Pathfinder) and own

Digital Air Strike study of more than 1,600 car buyers and 600 automotive dealerships found that nearly 70 percent of recent car buyers said review sites influenced where they shopped. Many buyers were also willing to drive long distances to purchase

DEARBORN, Mich. — Ford Motor Credit Company reported net income of $355 million in the third quarter of 2012, compared with $350 million a year earlier. On a pre-tax basis, Ford Credit earned $393 million in the third quarter, compared with

CHERRY HILL, N.J., and PORTLAND, Maine — TD Bank Group and the TD Charitable Foundation, funded by TD Bank, America’s Most Convenient Bank®, will donate a combined $500,000 to the American Red Cross to support Hurricane Sandy relief eff