Trending Auto Retail News
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...
Study Finds Car Buyers Increasingly Rely on Social Networks and Review Sites during Dealership Selection Process
Digital Air Strike study of more than 1,600 car buyers and 600 automotive dealerships found that nearly 70 percent of recent car buyers said review sites influenced where they shopped. Many buyers were also willing to drive long distances to purchase vehicles from...
Ford Credit Earns $355 Million Net Income In The Third Quarter Of 2012
DEARBORN, Mich. -- Ford Motor Credit Company reported net income of $355 million in the third quarter of 2012, compared with $350 million a year earlier. On a pre-tax basis, Ford Credit earned $393 million in the third quarter, compared with $581 million a year...
TD to Donate $500K to American Red Cross to Support Hurricane Sandy Relief Efforts
CHERRY HILL, N.J., and PORTLAND, Maine -- TD Bank Group and the TD Charitable Foundation, funded by TD Bank, America's Most Convenient Bank®, will donate a combined $500,000 to the American Red Cross to support Hurricane Sandy relief efforts. "Our thoughts go out to...
Ally Financial Repays $2.9 Billion of Debt Issued under TLGP
Company expects full repayment in December 2012 DETROIT -- Ally Financial Inc. (Ally) today announced it has repaid $2.9 billion in debt issued under the FDIC's Temporary Liquidity Guarantee Program (TLGP). The company issued this debt on Oct. 30, 2009 with a maturity...
Dataium ASI Shows Chevy Silverado Tops Holiday Shopping List
ASI echoes housing sector with slow, but positive growth Nashville, TN — 10/31/2012 — Dataium, the largest aggregator of online automotive shopper behavior, today released its monthly ASI report. The ASI (Automotive Shopper Intensity) index, a leading predictive...
DealerFire wins Small Business of the Year Award
OSHKOSH, Wis. -- DealerFire, a custom automotive website design company and digital marketing agency located in Oshkosh, WI was presented the Small Business of the Year award from the Oshkosh Chamber of Commerce during the 105th Annual Meeting on Monday. Owner/Founder...
Digital Dealer Launches Virtual Exposition
Digital Dealer Conference & Exposition set to debut the Digital Dealer Virtual Exposition – extending the DD13 Exhibit Hall December 5-11, 2012 The producers of the Digital Dealer Conference & Exposition, the industry’s premier automotive digital strategy...
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