Thanks to efforts made to trim costs and interest expense, Calgary, Alberta-based Quorum Information Technologies saw a significant lift in its pre-tax net income during the first quarter of fiscal 2011 after recording a loss in the same period a year ago. Specifically, Quorum pulled in $102,000 in net income before taxes during the period, […] [Read More]

With fuel costs dropping and prices for fuel-efficient models softening, Kelley Blue Book outlined what dealers need to do now if their inventory is stocked heavily with compacts. KBB’s manager of vehicle valuation Alec Gutierrez recommends dealers purge extra fuel-efficient models and replenish them with stable crossovers. “With fuel prices falling and values of fuel-efficient vehicles on […] [Read More]

In recent times, many consumers have gravitated toward the used-car market as an alternative to buying new. And while the current supply shortage may limit what a dealership can carry on its lot, there are certain used models that stand out from their peers when it comes to dependability and other aspects that shoppers find […] [Read More]

When the annual Fortune Global 500 was rolled out on Thursday, several automakers found their names on the list which ranks the world’s 500 largest corporations in terms of highest yearly revenues. In fact, a few perched near the top of the rankings, as five automakers were in the top 25. Receiving the highest ranking […] [Read More]

Group 1 Automotive announced this week it has completed a $1.35-billion five-year revolving syndicated credit facility with 21 financial institutions. The company said this new facility expires in June 2016 and can be expanded to $1.6 billion total availability. Executives highlighted the revolving facility will provide $1.1 billion for inventory floor plan financing. They added […] [Read More]

Coinciding with vehicle quality scores reaching an all-time high, the National Automobile Dealers Association discovered through its latest Dealer Attitude Survey that franchise stores’ satisfaction with their respective automakers increased this year. Furthermore, the latest survey results that included input from more than 15,360 franchise stores showed Hyundai finished in the top overall spot for […] [Read More]

TrueCar.com wanted to get a better understanding of the youngest demographic of vehicle buyers — consumers ages 18 to 27 — better known as Generation Y. What brand vehicles should dealers stock so they can reel in these young purchasers? Of the top 10 that site analysts listed, not one was a domestic badge. According […] [Read More]

With foreign brands highlighted throughout, Edmunds.com recently unveiled its list of 2011 Consumers’ Top Rated vehicles, a compilation of 21 models. Audi took more honors than any other nameplate, winning four categories including: —Best Coupe $35,000-$45,000: 2011 Audi A5. —Best Coupe More Than $45,000: 2011 Audi S5. —Best Wagon $35,000-$45,000: 2011 Audi A4 Wagon. —Best […] [Read More]

Each month, CNW Research tracks what it calls fence-sitters, buyers who could fall either way toward purchasing a used or a new model. In June, a higher level than normal decided to go used. President Art Spinella determined that about 8 percent of the people who bought a used vehicle in June were sitting on […] [Read More]

Following what has been some rather challenging times recently, Saab revealed some more good news on Monday.  The company announced the signing of final agreements securing investments with China’s auto dealership chain Pang Da Automobile Trade Co. and automaker Zhejiang Youngman Lotus Automobile Co. that have been in the works since last month. The company […] [Read More]