Trending Auto Retail News
DMEautomotive Expands Strategy and Analytics Team with Key Appointments
DAYTONA BEACH, Fla. -- DMEautomotive, the industry leader in science-based, results-driven automotive marketing, today announced two key appointments to further bolster its expanding Strategy and Analytics team. Consumer behavior and data analytics expert Doug Van...
Lithia Motors: Service Body and Parts Sales Increasing 3.6%
MEDFORD, OR — Lithia Motors, Inc. reported 2011 third quarter income from continuing operations of $16.3 million, or $0.61 per diluted share. This compares to a 2010 third quarter income from continuing operations of $9.6 million, or $0.36 per diluted share. Third...
vAuto Partners with Auction Pipeline
OAK BROOK, IL – vAuto announces today that its customers can now quickly and efficiently source used vehicles available at Auction Pipeline auctions, including the ability to access run lists from within vAuto’s proprietary stocking module. “This integration is...
Ally Financial Launches Innovative Vehicle Financing Product
DETROIT -- Ally Financial Inc. launches Ally Buyer's Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles. Ally Buyer's Choice is an innovative financing product that delivers the best of...
Nicholas Financial Reports Record 2nd Quarter Results & Quarterly Dividend
Clearwater, Florida - Nicholas Financial, Inc., that for the three months ended September 30, 2011 net earnings increased 39% to $5,520,000 as compared to $3,982,000 for the three months ended September 30, 2010. Per share diluted net earnings increased 35% to $0.46...
Chrome Systems Offers Newly Expanded Image Gallery for Automotive Retailing Websites
Portland, Ore. ─ Chrome Systems, Inc., a subsidiary of DealerTrack Holdings, Inc., and a leader in managing automotive data, announced the availability of its newly expanded Image Gallery solution, a comprehensive and cost-effective library of vehicle photographs for...
Jeff Schmitt Auto Group’s Six Dealerships in Ohio Selected as Motor Trend® Certified Dealerships
Norcross, GA – MOTOR TREND®, a publication of Source Interlink Media, LLC, a subsidiary of media and marketing services company Source Interlink Companies, Inc, and EasyCare® (www.easycare.com), the leading independent provider of automotive benefits specifically...
Hyundai Turns Up the Heat on Toyota and Honda in the Certified Pre-Owned (CPO) Arena
ATLANTA -- The rise of the Korean automakers in the wake of Toyota and Honda's struggles earlier in the year has been well documented on the new-car front, but it appears that these Japanese automakers may soon be facing stiff competition in the certified pre-owned...
Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today’s Economy
ATLANTA -- Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. Auto finance lenders haveoutpaced bank and credit union lending to subprime borrowers*over...
Audi CPO Reports 8th Consecutive Record Sales Month
Audi Certified Pre-Owned sales of 2,776 vehicles mark the best October on record and the eighth-consecutive record month. Year-to-date sales of 31,165 put Audi on track to deliver one of the best CPO years on record. Audi Certified Pre-Owned sales and news notes Audi...
CarGurus Used Car Price Index Down 1.7% This Fall
CAMBRIDGE, Mass. -- CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used car prices peaked last...
Ally Financial Reports Net loss of $210 million
NEW YORK -- Ally Financial Inc. (Ally) reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pre-tax income, which reflects...
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