Revealed Tuesday, TrueCar has made it on to Red Herring’s list of Top 100 North American Companies. By making it onto the list, TrueCar has joined the likes of entrepreneurial giants the publication gave early nods to, such as Facebook, Twitter and Google. Red Herring — which covers innovation, technology, financing and entrepreneurial activity — […] [Read More]

Penske Automotive Group revealed this week that its board of directors increased its quarterly dividend 14 percent from the previous quarter. The cash dividend Penske intends to pay is 8 cents per share, up from 7 cents per share. The company noted the dividend is payable on Sept. 1 to shareholders of record on Aug. […] [Read More]

A total of 18 different nameplates topped the industry average that reached an all-time high since J.D. Power and Associates began orchestrating the U.S. Automotive Performance, Execution and Layout (APEAL) Study. With the industry average increasing to 781 on a 1,000-point scale, J.D. Power indicated that figure is greater than any average analysts have seen […] [Read More]

Does the Internet mean the end of solid gross profits? This is a question every retailer faces, but retailers in other industries understand their higher and lower margin products. In the auto industry, dealers traditionally haven’t thought about having high and low margin products in their pre-owned cars. Therefore, the first step towards earning high […] [Read More]

Automotive finance and insurance product company JM&A Group announced Tuesday the launch of a new plan designed for lease and short-term vehicle owners. Term Care Select offers drivers mechanical failure protection on the majority of mechanical components, as well as wear-and-tear coverage on items such as brake pads, batteries, headlamps, belts and hoses, fuses, light […] [Read More]

Chrysler and Ford both apparently slashed incentives by almost 20 percent year-over-year during the second quarter, according to TrueCar. The company is also predicting that each automaker will see sales climb from a year ago, although Chrysler’s surge is believed to be much more significant. These topics and more could be on the table this […] [Read More]

Online auto shopping activity is on the rise and could be leading to a climb in floor traffic for dealers. After two consecutive months of decline, the Dataium Auto Shopper Intensity Index turned upward in June, indicating stronger sales volumes for the industry during the next 45 to 60 days. Highlights from June’s ASI index […] [Read More]

On Monday, Edmunds.com rolled out its awards spotlighting the 2011 model-year vehicles with the lowest five-year ownership costs, and two brands, in particular, stood out from their peers. Across the 23 categories of the 2011 Lowest True Cost to Own Awards, Honda took five spots and Ford notched four honors. Breaking it down, Honda was […] [Read More]

To determine what vehicle buffs believe is the best muscle car, intake manifold and more, eBay Motors rolled out its second annual People’s Picks campaign. Now running through Sept. 30, eBay Motors explained People’s Picks gives car lovers the chance to vote on the best vehicles, parts and accessories with an international audience. Voters are […] [Read More]

Sometimes mixing together veteran repossession agents and forwarding companies can create a combative situation. But that’s not the approach Time Finance Adjusters’ executive director takes. In fact, Ron Brown told Auto Remarketing that he has “no problem with forwarders. I admire them as a matter of fact.” For example, Brown shared that he counts David […] [Read More]