Trending Auto Retail News
Ford Credit Earns $350 Million Net Income in Third Quarter of 2011
DEARBORN, Mich. -- Ford Motor Credit Company reported net income of $350 million in the third quarter of 2011, a decrease of $147 million from a year earlier. On a pre-tax basis, Ford Credit earned $581 million in the third quarter and $1.9 billion in the first nine...
TrueCar.com: Used Car Sales Estimated to be up 5.7% from 2010
SANTA MONICA, Calif. -- TrueCar.com, the authority on new car pricing, trends and forecasting, today released its October 2011 sales and incentives forecast. The forecast shows the following: For October 2011, new light vehicle sales in the U.S. (including fleet) is...
Satisfaction with Auto Claims is Considerably Lower Among Total Loss Claimants
WESTLAKE VILLAGE, Calif. -- Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than are claimants who incur a repairable vehicle claim, according to the J.D. Power and Associates 2011 U.S. Auto Claims...
Kia Enhances Certified Pre-Owned Program
IRVINE, Calif. -- Kia Motors America, Inc. (KMA) announced a major improvement to its Kia Certified Pre-Owned (CPO) program. KMA, which distributes vehicles through its network of authorized independent Kia-brand dealers in the United States, has selected Carfax as...
Chrysler Group Reports Third Quarter 2011 Net Income of $212 Million
AUBURN HILLS, Mich. -- Chrysler Group LLC reported preliminary net income of $212 million for the third quarter, compared with a net loss of $84 million a year ago, as the Company continues to increase sales and benefit from its alliance with Fiat S.p.A. Chrysler...
Consumers Can Now Reduce and Manage Credit Card Debt, Mortgage, Student and Auto Loans with ReadyForZero
SAN FRANCISCO -- ReadyForZero, the leading online platform for managing and reducing personal debt, expands its successful software program beyond credit card debt to include mortgage, student loans and auto loans. The expanded ReadyForZero platform helps consumers...
Capital One Auto Finance Originations Up 17%
MCLEAN, Va. -- Capital One Financial Corporation (NYSE: COF) today announced net income for the third quarter of 2011 of $813 million, or $1.77 per diluted common share, compared with net income of $911 million, or $1.97per diluted common share, for the second quarter...
Sonic Automotive Reports Used Volume Is Up 16%
CHARLOTTE, N.C. -- Sonic Automotive, Inc., one of the nation's largest automotive retailers, today reported that 2011 third quarter earnings from continuing operations were $0.33 per diluted share compared to $0.25 per diluted share in the prior year quarter. Third...
Lithia Motors Reports Third Quarter 2011 New Vehicle Same Store Sales Increased 28%
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...
Used Vehicle Retail Revenues up 19% at Asbury
DULUTH, Ga. -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported adjusted income from continuing operations for the third quarter 2011 of $14.3 million, or $0.44 per diluted share, versus...
Group 1 Retail Used Vehicle Gross Profit Increased 4.9%
HOUSTON -- Group 1 Automotive, Inc. a Fortune 500 automotive retailer, reported a third-quarter adjusted net income increase of 23.6 percent to $23.8 million, or $1.04 per diluted share, for the period ended Sept. 30, 2011. This compares to adjusted net income of...
Study Finds Notable Increase in Use of Smartphones for Automotive Shopping on the Internet
WESTLAKE VILLAGE, Calif. -- The proportion of vehicle shoppers who use smartphones to access automotive information on the Internet has increased by more than 40 percent from 2010, according to the J.D. Power and Associates 2011 Automotive Mobile Site Study(SM). The...
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