Trending Auto Retail News
GM: Record 1.2 Million Chevrolets Sold in Third Quarter of 2011
DETROIT – Chevrolet sold 1.2 million vehicles globally in the third quarter, the best July-to-September results in the brand’s 100-year history. In the first nine months of 2011, Chevrolet sold 3.6 million vehicles globally, positioning the brand for its best-ever...
Chase Partners with Aston Martin on New Financing Program
GARDEN CITY, NY - Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin’s first U.S. retail subvention program. Chase's arrangement with the British...
AutoNation’s Retail Used Vehicle Revenue Increased 7%
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN),America's largest automotive retailer, today reported 2011 third quarter net income from continuing operations of $71 million, or $0.48 per share, compared to net income from continuing operations of $59 million,...
AuctionTime.com Conducting 9 Online Auctions Through the End of 2011
LINCOLN, Neb. -- AuctionTime.com, your source for farm equipment, construction equipment, truck and trailer online auctions, is hosting 9 online auctions on Wednesdays throughout the rest of 2011. Auctions end every Wednesday on AuctionTime.com and new auctions are...
SideCars Inc. Offers a Clarification on Western Insurance Company’s Liquidation
JOPLIN, Mo. -- SideCars, Inc., a leading reinsurance administrator for CPI program for dealers who operate their own captive insurance companies, released its statement today in light of recent news regarding Western Insurance Company's court proceedings that declared...
Santander Incorporates New Partners in Santander Consumer USA and Realizes a Capital Gain of Approximately $1 Billion
BOSTON -- On October 20, 2011, Santander Holdings USA, Inc. ("SHUSA") and Santander Consumer USA Inc. ("SCUSA"), a majority-owned subsidiary of SHUSA, entered into an investment agreement (the "New Investor Investment Agreement") with Sponsor Auto Finance Holdings...
Asbury Automotive Group Announces New $900 Million Senior Credit Facility
DULUTH, Ga. -- Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., today announced that it has entered into a new $900 million five-year syndicated credit facility with nine financial institutions and five...
Deloitte Consumer Spending Index Sinks to Lowest Level Since May 2009
NEW YORK -- The Deloitte Consumer Spending Index (Index) plunged in September to its lowest level since May 2009, primarily due to a significant fall in home prices and deterioration in real wages. The Index tracks consumer cash flow as an indicator of future...
Environmental Organizations Asking Dealers to Stop Delaying New Fuel Efficiency Standards
WASHINGTON -- The CEOs of eight top U.S. environmental, science and public interest organizations are calling on the National Automobile Dealers Association (NADA) to drop its efforts to delay new fuel efficiency and auto pollution standards. Once finalized, these...
Chrome Systems’ PaymentDriver Solution Deployed by NADAguides
Portland, Ore. ─ Chrome Systems, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), and a leader in managing automotive data, today announced that NADAguides, the largest publisher of vehicle pricing and information for new and used cars, has integrated...
Inspect What you Expect (and Other Clichéd Lessons your Managers have Forgotten)
Last month I visited a dealer-client to conduct a full-day, deep-dive into their digital marketing and Internet sales processes. The store had been reporting erratic results (up a little one month, down a lot the next), which is usually indicative of two issues:...
New 2012 Fiat 500 Named Top Safety Pick by Insurance Institute for Highway Safety
Auburn Hills, Mich. - The 2012 Fiat 500 has been named a “Top Safety Pick” for 2011 by the Insurance Institute for Highway Safety (IIHS). The new Fiat 500 joins eight Chrysler Group models that are Top Safety Picks by the IIHS for 2011. The IIHS recognizes vehicles...
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