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Ally Financial Named Preferred Finance Source for The Vehicle Production Group

DETROIT — The Vehicle Production Group LLC (VPG) selected Ally Financial as the preferred financing provider for VPG vehicles in the U.S.  Ally Financial will offer wholesale financing, floorplan insurance and remarketing services for VPG dea
Jan 27, 2012

Ford Credit Earns $1.8 Billion Net Income in 2011

DEARBORN, Mich. – Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier.  On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, compared with $3.1 billion in the previous year.  T
Jan 27, 2012

Auction Genius Turbo Charge Auction Buying for Dealers

Auction Genius has just announced a unique web-based software solution for auto dealers buying vehicles at auction.  The system provides a quick and simple way to access critical information allowing dealers to make faster and better “buy decisi
Jan 27, 2012

Chrysler Group Dealers to Provide 3-Month SiriusXM Subscription on Pre-Owned Vehicles

NEW YORK — Sirius XM Radio announced that customers will receive a 3-month subscription to SiriusXM when they purchase a pre-owned vehicle with factory-installed satellite radio, regardless of manufacturer, from participating Chrysler, Dodge
Jan 27, 2012

Enginetext, Inc. Creates Automated QR-Code and Text-Message Enabled Window Signs for Used-Car Dealers

Ann Arbor, MI  – Enginetext, Inc. announced the rollout of automated QR-code and text-message enabled features-mileage-price window signs for used cars.  The signs are designed for used car dealerships and are easier to create and use than the
Jan 26, 2012

AutoNation Reports All-Time Record Quarter and All-Time Record Full Year Results

FORT LAUDERDALE, FL – –  AutoNation, Inc. (NYSE: AN), America’s largest automotive retailer,  reported 2011 fourth quarter adjusted net income from continuing operations of $71 million, or $0.51 per share, compared to net incom
Jan 26, 2012

CarMark Certified Program Welcomes Three New Dealers

CARY, N.C. — The CarMark Certified Pre-Owned program, an industry leader in  comprehensive third-party pre-owned vehicle certification programs, announced recently that three new dealers — two in West Virginia and one in California — have join
Jan 26, 2012

Manheim Signs Agreement to Purchase Dealer Services Corporation

ATLANTA – To reinforce its commitment to provide inventory financing to independent dealers, Manheim has signed an agreement to purchase Dealer Services Corporation (DSC), a used vehicle floor plan company for independent dealers based in Carmel,
Jan 26, 2012

General Motors Accessories Distributor Installers Select NCM® Associates for its 20 Group Program

Overland Park, Kan.:  NCM® Associates, the leading provider of 20 Group, retail operations consulting, dealership training and education, and Benchmark® analysis services to retail automotive dealers and managers, today announced it has been se
Jan 26, 2012