About eight months after rolling out its initial public offering, General Motors revealed a quarterly dividend on its preferred stock this week. GM’s board of directors approved a $0.59375 per share divided on the company’s Series B mandatory convertible junior preferred stock, officials noted. Series B holders of record as of Aug. 15 will be […] [Read More]

Kelley Blue Book’s Jack Nerad gathered his thoughts Wednesday and made a stiff rebuttal to the recent proclamation issued by the White House and federal regulators about future Corporate Average Fuel Economy standards. Nerad first recapped that automakers have been told they should roll out lineups with the CAFE levels reaching 56 miles per gallon. […] [Read More]

R.L. Polk & Co. revealed Wednesday that it has appointed a director of forecasting for the Americas. Hired to the position is Anthony Pratt, who most recently was head of PricewaterhouseCoopers’ Autofacts team. Pratt’s duties in the new role include overseeing Polk’s forecasting operations in the Americas. He will also head up showcasing, selling and delivering […] [Read More]

Despite being left speechless by the destruction that the March 11 earthquake caused, Akio Toyoda was amazed during his visit by the commitment to moving on shown by the people of Tohoku, the region receiving the biggest blow from the disaster. And in the four-plus months that have followed the devastating earthquake in Japan, the […] [Read More]

In the first two quarters of 2011, dealers fetched higher prices for the new vehicles on their lots than they had in any other six-month span, according to TrueCar’s 2011 first-half analysis. The opening six months of the year were dominated by trends such as this one that arose out of the devastating earthquake in […] [Read More]

When asked Monday what impact Hertz Global Holdings acquisition of the company will have on remarketing at Donlen Corp., executive vice president of brand and UX Suzanne Deveney said that Donlen customers will likely benefit. “As of now, there are no changes planned in any area, including remarketing,” she told Auto Remarketing. “In fact, we […] [Read More]

No longer is either Honda or Toyota holding the No. 1 spot for brand loyalty on Kelley Blue Book’s website. The top position is still in the possession of a foreign automaker, but Hyundai ousted these traditional mainstays to take headline spot for the second quarter of this year on Kbb.com. Furthermore, site officials mentioned […] [Read More]

With many Baby Boomers close to or already in retirement and older generations well into their golden years, Generation Y appears on the cusp of being the most influential in the auto market. Being able to recruit the educated young professionals in this age group more effectively may help dealerships overcome what The Manus Group […] [Read More]

After citing industry analyses showing how repossession trends are declining, Repo Remarketing highlighted how the company has enjoyed growth during the past six months. How much growth? Repo Remarketing says it’s been 46 percent. Jodie Dawson, Repo Remarketing’s director of repossessions, revealed that although credit union partners have seen a decrease in overall repossessions, there […] [Read More]

Manheim’s Tom Webb recently projected where repossession volumes might settle at this year, acknowledging his estimate is a little lower than anticipated. Webb predicted 2011 repo volume will include 1.3 million units, extending a decline since the industry peak two years ago. He pointed out repossessions totaled 1.9 million units back in 2009 and came […] [Read More]