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AutoNation Reports Parts and Service Revenue Increased 2%

FORT LAUDERDALE, Fla. – AutoNation, Inc., America’s largest automotive retailer, today reported 2011 third quarter net income from continuing operations of $71 million, or $0.48 per share, compared to net income from continuing operations of
Oct 28, 2011
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Hyundai Motor America Selects Oxlo Systems Open Automotive Solution for Auto Dealer Software Integration

BROOMFIELD, Colo. — Oxlo Systems Inc. has extended its relationship with Hyundai Motor America through an agreement to provide enhanced automotive solutions that span certification and production operations for current and future dealer integr
Oct 28, 2011
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Chrysler Group LLC Gears Up for 2011 SEMA Show

Auburn Hills, Mich. – Chrysler Group LLC will have a major presence at next week’s 2011 Specialty Equipment Market Association (SEMA) show in Las Vegas. Company’s 28,400-sq.-ft. exhibit to showcase more than 30 “Moparized” Chrysler Gro
Oct 28, 2011
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SNAAC Sells to Investor Group and Secures Expanded Credit Facilities

CINCINNATI – Security National Automotive Acceptance Corporation (SNAAC) announced today that it has closed on the sale of the company and its TriStar insurance affiliates to a group of private investors. The existing senior management team, headed
Oct 27, 2011
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Survey: Younger Automobile Buyers Not as Brand Loyal as Older Counterparts

New York – During the past decade, automobile manufacturers have experienced a steady decline in customer loyalty for specific brands. This change signals the need for a new approach to marketing automobiles in the future according to a new survey
Oct 27, 2011
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Ally Financial Receives Auto Finance Excellence Award

DETROIT — Ally Financial has been honored with a 2011 Auto Finance Excellence Award for its notable success and contribution to the auto finance industry.  The award was presented today at the annual Auto Finance Summit by Auto Finance News. A
Oct 27, 2011
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AutoPartsDirectToYou Increases Revenue Eightfold on eBay and Amazon with ChannelAdvisor’s Marketplaces Solution

Research Triangle Park, NC – ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, today announced that AutoPartsDirectToYou, an automotive replacement parts retailer, has increased its
Oct 27, 2011
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Edmunds.com Projects October sales will come in at 1,033,257 for a monthly SAAR of 13.4 million

SANTA MONICA, Calif. — An estimated 1,033,257 new cars will be sold in October, for a projected Seasonally Adjusted Annual Rate (SAAR) of 13.4 million units, forecasts Edmunds.com, the premier online resource for automotive information. This sal
Oct 27, 2011
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Is your Team Playing Aggressive Defense?

It has been said many times that “offense wins games, but defense wins championships.” Following the football analogy within the business context, we could equate offense to the generation of sales revenues and the defensive component of business
Oct 27, 2011