News Archive
Ford of Canada Now Offers Employee Pricing
-- July 02, 2010
OAKVILLE, Ontario — Ford Motor Co. of Canada rolled out an incentive program this week that can help its dealer body boost sales. In a deal that started Thursday and runs through ... [ Full Story ]
New Lender Signs on to RouteOne Canada
-- July 02, 2010
TORONTO, Ontario — Another lender has become part of RouteOne Canada, the company revealed earlier this week. Added to the network was ... [ Full Story ]
RIFCO Posts Profits for Fourth Straight Year
-- July 02, 2010
RED DEER, Alberta — Canadian auto lender RIFCO said its fiscal year that ended March 31 marked the fourth straight time the company has enjoyed ... [ Full Story ]
TFS, LFS Post Record Numbers Via Manheim Online Event Sales
-- July 02, 2010
ATLANTA — Manheim announced this week that Toyota Financial Services and Lexus Financial Services enjoyed a record month in June using Manheim Online Event Sales. Specifically, the four open weekend events resulted in sales of ... [ Full Story ]
Mazda North American Ops Gains New Sales VP
-- July 02, 2010
IRVINE, Calif. — Mazda North American Operations has a new vice president of sales. Named to take the post was ... [ Full Story ]
Group 1 Seeks Quick Resolution to Lawsuit
-- July 02, 2010
HOUSTON — Group 1 Automotive announced its intention to "vigorously defend" itself against a lawsuit filed by Toyota Motor Sales in the Federal Court of South Carolina. Apparently, Toyota is alleging ... [ Full Story ]
This Week's Most-Read Stories on AutoRemarketing.com
-- July 02, 2010
CARY, N.C. — Grabbing the most attention among our readers this week on AutoRemarketing.com was a story about the latest development in legislation that ... [ Full Story ]
instaVIN Free Accident Report Offer Now Available During July
-- July 02, 2010
SAN DIEGO — After revealing in late May that it would be offering free auto accident reports via mobile devices through the end of June, instaVIN announced Thursday that this special deal is now good until ... [ Full Story ]
Edmunds.com Sees Flatness in OEM Incentive Activity
-- July 02, 2010
SANTA MONICA, Calif. — Incentive levels were rather static during June and it looks like the beginning of July won't be very ... [ Full Story ]
Chevy Expands Volt Launch to More States
-- July 02, 2010
AUSTIN, Texas — Chevrolet announced Thursday that it will expand the launch of the Volt into Texas, New York, New Jersey and Connecticut. Ed Whitacre, General Motors chairman and chief executive officer, indicated ... [ Full Story ]
Edmunds.com Highlights Significant Used-Vehicle Price Hikes
-- July 01, 2010
SANTA MONICA, Calif. — On average, the price of a three-year-old used car is 11.1 percent higher than it was last year, and General Motors has some of the most dramatic examples of this trend, according to Edmunds.com. In fact, all types of used cars ... [ Full Story ]
Chrysler Store Touts Customer Follow-Up, Brand Exposure & Strong Web Presence Among Many Keys to Success
-- July 01, 2010
CERRITOS, Calif. — Cerritos Dodge Chrysler Jeep is situated on a 100-acre auto mall in Los Angeles County that includes 27 dealerships and loads of competition in the backyard of the nation's second-largest city. The dealership shares ... [ Full Story ]
Toyota Tries to Bring Local Feel to North American, European Management
-- July 01, 2010
TOYOTA CITY, Japan — Since the company is spread throughout the globe, Toyota Motor Corp. has made significant management changes aimed at moving local personnel to senior management positions in North America and Europe. Toyota believes that making these changes puts ... [ Full Story ]
J.D. Power: June Retail Sales Struggles Worsen; NADA Maintains Optimism
-- July 01, 2010
WESTLAKE VILLAGE, Calif. and McLEAN, Va. — New-vehicle retail sales apparently are limping to the finish as June closes. J.D. Power and Associates indicated on Wednesday that weakness seen earlier in the month has progressed at an accelerated rate. As a result, J.D. Power believes ... [ Full Story ]
MobiDrives Launches Smartphone App Platform to Push Dealer Business Development
-- July 01, 2010
FORT LAUDERDALE, Fla. — MobiDrives shared recent data that indicates 40 percent of all mobile devices in use today are smartphones, with that saturation expected to climb to 90 percent by 2012. Company executives believe they ... [ Full Story ]
Nissan Foundation Donates Close to $579K to Charitable Groups
-- July 01, 2010
FRANKLIN, Tenn. — Looking at the company's outreach efforts, Nissan North American on Wednesday discussed the recent endeavors of its Nissan Foundation, which gave nonprofits throughout the U.S. a grand total of ... [ Full Story ]
Central AA Signs on to AuctionACCESS, More
-- July 01, 2010
HAMDEN, Conn. — Central Auto Auction recently joined the AuctionACCESS program, a move officials said makes it the only facility in Connecticut to ... [ Full Story ]
Ford Reveals Another $4 Billion in Debt Reduction
-- June 30, 2010
DEARBORN, Mich. — Strong sales performances and execution of other company strategies evidently are doing plenty to help Ford's balance sheet. The automaker revealed on Wednesday that it's reducing its debt by more than $4 billion. Management explained much of this newest reduction stems from ... [ Full Story ]
GM Offers Comprehensive Self-Analysis at Inaugural Global Business Conference
-- June 30, 2010
DETROIT — The top leaders of General Motors took a deep dive into the state of the automaker's global operations on Tuesday during its inaugural Global Business Conference, an event where finance industry professionals and other stakeholders gathered to ... [ Full Story ]
FinishFirst Paint Reconditioning Company Calling for New Franchisees
-- June 30, 2010
VANCOUVER, Wash. — FinishFirst Auto Appearance Inc., a company that specializes in paint reconditioning services designed to help dealers get used vehicles ready for sale, is offering franchise opportunities. Specifically, the company is inviting ... [ Full Story ]