Two of the Big 3 automakers announced shifts in their financial leadership late last week, with General Motors revealing its new vice president of finance and treasurer and Ford announcing the replacement at the controller of The Americas position for David Schoch. Schoch will become chairman and chief executive officer of Ford Motor China. Taking […] [Read More]

Not long after announcing its plans to become a corporation, Carfinco Income Fund revealed its new chief operating officer earlier this week, appointing current chief financial officer Troy Graf to the role. Replacing Troy Graf as CFO is Stephen Dykau, who has been with Carfinco since April 2009, when he joined as vice president of […] [Read More]

While the Honda Civic maintained its perch atop the list of best-selling passenger cars year-to-date in Canada, the model saw its monthly sales fall more than 41 percent in August and is seeing some pressure from a certain Korean model that may knock the vehicle from its longtime run as the country’s most popular car, according to industry […] [Read More]

Dealers continue to tussle with used inventory challenges, but they appeared to be getting a bit of relief in September, particularly for Big 3 and Asian brand vehicles. CNW Research said in its latest Retail Automotive Summary that used-vehicle supply is estimated to be 43.57 days, compared to the level at the end of August […] [Read More]

Edmunds.com poured over R.L. Polk & Co. data to find which U.S. market is the hottest for new-vehicle buyers. What did the site find? Turns out, the metropolitan area with 24 percent more new-retail registrations during the first half of this year compared to the same span last year is Atlanta. Edmunds.com discovered Phoenix was […] [Read More]

IntelliChoice and AutoPacific revealed Thursday the winners of the 2011 Motorist Choice Awards at the Orange County International Auto Show. A domestic OEM saw the most vehicles on the list, with Ford touting four, including the Expedition, which topped the list in three different categories. Also of note, repeat winners included the Dodge Ram HD […] [Read More]

In the first good news Saab has received in quite a while, Swedish Automobile N.V. revealed Wednesday it received approval for a reorganization that aims to secure short-term stability while the automaker searches for additional, consistent funding. Swedish Automobile and Saab Automobile announced they received approval from the Court of Appeal in Gothenburg, Sweden for […] [Read More]

Thanks to a ruling on Tuesday by the Federal Reserve Board, dealers — just like lenders — will have a little more breathing room to get their ducks in a row for the data collection requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Fed amended Regulation B on Tuesday, meaning that […] [Read More]

The American International Automobile Dealers Association is calling for nominations for its annual award that spotlights a member of the industry whose work ethic and dedication to family and community are exceptional. AIADA is now accepting entries for the David F. Mungenast Lifetime Achievement Award, which will be given out at the association’s Annual Meeting […] [Read More]

Executives from J.D. Power and Associates will be on hand to present their 2011 Certified Market Report at the Certified Pre-Owned Forum, a part of Used Car Week and presented by AutoTrader.com, which will be held Nov. 14-15 in Las Vegas. Stephan Schroeder, senior director at J.D. Power and Associates/PIN, and Joe Derkos, director of […] [Read More]