I like the analogy a Midwest dealer recently shared as we discussed recent declines in wholesale used vehicle values: “I try to manage my used vehicle inventory like a bobber on a lake. When wholesale values drop, it’s like a wave washes over the

NEW YORK — Ally Financial Inc. (Ally) this week reported a net loss of $898 million for the second quarter of 2012, compared to net income of $310 million in the prior quarter and net income of $113 million for the second quarter of 2011. The c

Company’s Sales and F&I, Inventory Management and Electronic Vehicle Registration Solutions Recommended by VADA LAKE SUCCESS, N.Y. — DealerTrack (Nasdaq: TRAK) today announced that the Virginia Automobile Dealers Association (VADA) h

Schaumburg, Ill. – Zurich, a leading property and casualty insurance provider globally and in North America, announced today confirmed plans to transfer its book of Aftermarket business and related brokered business to Arrowhead General Insurance A

Panelists Address the Federal Insurance OfficeWASHINGTON, D.C. – The U.S. House Committee on Financial Services has held a hearing on “The Impact of Dodd-Frank’s Insurance Regulations on Consumers, Job Creators, and the Economy.R

According to a story from The Detroit News, Hyundai is recalling over 220,000 vehicles to fix a problem with the airbag. The story said the recall includes the 2007-2009 Sante Fe and the 2012-2012 Sonata, both recalls to address airbag deployment iss

DULUTH, Ga. — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported income from continuing operations for the second quarter 2012 of $21.6 million, or $0.69 per dilute

Lithia Motors Declares $0.10 per Share Dividend for Second Quarter 2012 MEDFORD, OR — Lithia Motors, Inc. (NYSE: LAD) this week reported 2012 second quarter adjusted income from continuing operations of $19.9 million, or $0.76 per diluted share

DEARBORN, Mich.– Ford Motor Credit Company is offering customers affected by Tropical Storm Debby in Florida the option to delay some car and truck payments. Ford Credit’s Disaster Relief Program allows qualified customers to delay one or two mon