Dealer OPS & Leadership
AutoNation Announces October 2012 Retail New Vehicle Unit Sales of 20,958
October 2012 retail new vehicle unit sales increased 13% versus October 2011 FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced that its retail new vehicle unit sales in October 2012, as reported to the...
ASA Requests DOJ Review Most Favored Nation Clauses
WASHINGTON, D.C. – The Automotive Service Association (ASA) recently sent a letter to the Assistant Attorney General for the Antitrust Division at the U.S. Department of Justice, asking for a review of the Most Favored Nation (MFN) clauses used in many direct repair...
The Conference Board Consumer Confidence Index® Increases Again
Index at the Highest level this yearNEW YORK -- The Conference Board Consumer Confidence Index®, which had increased in September, improved again in October. The Index now stands at 72.2 (1985=100), up from 68.4 in September. The Present Situation Index increased to...
Ally Financial Reports Preliminary Third Quarter 2012 Financial Results
NEW YORK, Nov. 2, 2012 -- Ally Financial Inc. (Ally) today reported net income of $384 million for the third quarter of 2012, compared to a net loss of $898 million in the prior quarter and a net loss of $210 million for the third quarter of 2011. The company...
Hyundai And Kia Initiate Voluntary Program To Adjust Fuel Economy Ratings On Select Vehicles
ORANGE COUNTY, Calif. -- Hyundai Motor America and Kia Motors America today announced that, following discussions with the U.S. Environmental Protection Agency (EPA), they are voluntarily adjusting the fuel economy ratings for approximately 900,000, or 35 percent of,...
AutoTrader Group Announces Investment in China’s Bitauto
AutoTrader Group invests in the world's largest new car market by acquiring a stake in Bitauto. ATLANTA -- AutoTrader Group, operator of the largest digital automotive marketplace in the United States, has made a significant international investment by acquiring a...
Ford C-MAX Hybrid Outsells Toyota Prius v in First Full Sales Month
DEARBORN, Mich. -- The new Ford C-MAX Hybrid – America's most fuel-efficient and affordable hybrid utility vehicle – is now the best-selling hybrid utility vehicle after outselling Toyota Prius v, 3,182 units to 2,769 units, in just its first full month of sales in...
NHADA Names First Annual John T. Grappone Spirit of Excellence Honoree
The first John T. Grappone Spirit of Excellence Award, given by the New Hampshire Automobile Dealers Association (NHADA), was recently presented to Paul Holloway, president of Holloway Automotive Group. This annual award goes to an NHADA member who has provided...
From J.C. Penny Double Knit Suits to Gucci Ties
It’s been one hell of a ride, gang Looking back at Progressive Basics when the company was first started. I was a very young man, only 35, but had already sat in every seat in a dealership. I had developed my own vehicle (Nissan Pathfinder) and owned two new car...
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