Infiniti and Subaru Assert Leadership Positions in ALG’s Annual Canadian Residual Value Awards

TORONTO  — Canadian International Auto Show — ALG, the industry benchmark for residual values and a leading provider of automotive insights, today announced the results of its 4th annual Canadian Residual Value Awards, with Subaru and I
Feb 16, 2012

Asbury Automotive Group, Inc. Reports Used Vehicle Retail Revenues Up 21%

DULUTH, Ga. — Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the fourth quarter 2011 of $17.0 million, or $0.54 per diluted sh
Feb 16, 2012

Sonic Automotive Renews Exclusivity Agreement with Manheim

ATLANTA – In response to strong sales performance and improved efficiencies, Sonic Automotive, one of the nation’s top three auto retailers, extended its two-year exclusive agreement with Manheim (www.manheim.com). Going forward, as a result
Feb 15, 2012

Kelley Blue Book Names Jared Rowe As New President

IRVINE, Calif. — Kelley Blue Book, www.kbb.com, the leading provider of new and used vehicle information, today announces that its president, Paul Johnson, has resigned from his position effective immediately.  Johnson will become a strategic
Feb 15, 2012

Average Conversion Rate of Unique Online Visitor to Shopper up 56%

According to a data from Dataium, the conversion rate of the average unique visitor to shopper was up 56% during the month of January 2012. This information is based on statistics for national automotive Internet behavior for January 2012. Below are
Feb 15, 2012

AUL Corp. Partners with Ace Motor Acceptance for New “BHPH in A Box™” Program

NAPA, Calif. — AUL Corp., America’s largest national provider of used car service contracts announces an expansion of the service contract relationship with Ace Motor Acceptance Company (AMAC). AMAC of Charlotte, a sub-prime lender, and N
Feb 13, 2012

Manheim Launches TWI “On the Go” For Dealers

ATLANTA – To help more dealers take full advantage of Manheim’s comprehensive suite of digital products when they need the tools the most – in the lanes on sale day – Manheim has launched TWI “On the Go.” An extension of The Wholesale I
Feb 13, 2012

U.S. Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned Sales Up 5% in January

Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported 22,849 sales of certified pre-owned vehicles, a 5 percent increase compared to January 2011. Compared to the strong sales month of December of last year, sales have experienced a seasona
Feb 9, 2012

Manheim Consulting Releases Annual Used Car Market Report

ATLANTA – Auto manufacturers, rental car companies, lenders and dealers increased revenues and earnings in 2011 despite a weak economic backdrop. This resulted from business restructurings, productivity gains, effective use of new technologies and
Feb 9, 2012