Auto Retail News

FARMINGTON HILLS, MICH — Mercedes-Benz Financial Services USA LLC announced today changes in the leadership of its Marketing operations. Andreas Hinrichs, Vice President of Marketing for Mercedes-Benz Financial Services USA since June, 2008, wi

ATLANTA – Despite the pressures of an uncertain world economy and natural disasters that disrupted the automotive industry, the used vehicle market proved to be a bright spot during the first half of 2011. Retail used car sales volumes and dealer

NEW YORK — Ally Financial Inc. (Ally) this week reported net income of $113 million for the second quarter of 2011, compared to $146 million in the prior quarter and $565 million for the second quarter of 2010.  Core pre-tax income, which refl

I used to wrongly believe that all urgency was good urgency, and was certainly better than no urgency at all. Not quite. Without question, a healthy sense of urgency is an essential ingredient in a high performance culture. But contrary to popular be

It’s been a long hot summer. Especially for Japanese-branded dealers with earthquake-driven inventory constraints that have stunted sales opportunity during some of the most critical months of the year. And all dealers have weathered the effects of

AutoNation, Inc. (NYSE: AN), America’s largest automotive retailer, announced that its retail new vehicle unit sales inJuly 2011, as reported to the applicable automotive manufacturers, totaled 18,949, a decrease of 4% as compared to July 2010.

Raleigh, N.C.—More than 20 percent of young adults plan to purchase a car within a year, according to an FGI research survey compiled by Capstrat, a communications firm. The national survey looked at the purchase decisions of more than 400 Millenni

DEARBORN, Mich. — FordDirect, a joint venture between Ford Motor Company and its franchise dealers, announced today the appointment of Valerie Fuller as COO. Fuller previously served as executive vice president of operations for FordDirect and

Facebook is the fastest growing marketplace in your community.  Fifty million current and future car buyers share their ‘Likes’ with each other every day.  When the goal for your store is to be “liked” by hundreds or even th