Open Dealer Exchange — which is a joint venture formed by Automatic Data Processing and the Reynolds and Reynolds Co. — said that it has secured its first Canadian partnership, a deal that officials believe will be beneficial to dealers and lenders alike. [Read More]

Carfinco Income Fund said recently that its board of directors will be evaluating the various options the company has for boosting unit-holder value, and among the potential strategic alternatives that will be considered is the possible sale of the Alberta-based company. The company turned to FBR Capital Markets & Co. for guidance during the review process. FBR […] [Read More]

Several factors helped lift December’s leasing penetration level by more than 26 percent on a year-over-year basis, according to an analyst with J.D. Power and Associates. In fact, Auto Remarketing learned that December’s lease penetration level came in at 21 percent. [Read More]

Fiat SpA revealed its new treasurer on Wednesday to replace Camillo Rossotto. Named to the position is Antonio Picca Piccon. Picca Piccon’s most recent role was as chief executive officer and general manager of Fiat Group Automobiles Capital SpA. In his new post, Picca Piccon will manage the financial service activities of Fiat SpA and will […] [Read More]

After years of challenges, the news out of Detroit has automobile industry experts hopeful for a strong 2011. The 2011 North American International Auto Show in Detroit kicked off and as the world’s attention is on the Motor City, we thought it was time to take a closer look at what consumers are most interested […] [Read More]

The American Association of State Highway and Transportation Officials is hoping a new social-media campaign rolled out Wednesday will help lawmakers realize what general public wants to see in the new transportation bill. Citizens are being asked to visit the AASHTO’s Facebook and YouTube pages and voice their transportation concerns and priorities. This is to […] [Read More]

Edmunds.com sifted through 2010 sales data to see which brand sold the most luxury units. Turns out, the brand that topped the charts for the eighth consecutive year was Lexus. But site officials discovered European competitors BMW and Mercedes-Benz closed the gap by enough last year that both brands could be poised to make a […] [Read More]

While 2010 was a tough year for Toyota, according to Kelley Blue Book, it could have been worse. Or at the very least, the recall troubles could have come at an even more inopportune time. Why? Well, according to the company’s analysis revealed in its special report “Toyota: One Year Later,” while the automaker’s annual sales […] [Read More]

On Tuesday, General Motors announced several leadership changes in its U.S. marketing operations that will become effective Feb. 1.   As part of the moves, Chris Perry has been appointed vice president of U.S. marketing, replacing Joel Ewanick. Perry will report to Ewanick, who was named global chief marketing officer on Dec. 17.   Perry, 50, […] [Read More]

The tail-end of the month could be a boon for auto dealers should consumers respond to what TrueCar.com has called the most ideal days to make a vehicle purchase in January. TrueCar projects that Jan. 31 will have the month’s strongest discounts off MSRP, with possible price reductions at 8.03 percent. Mere inches behind is […] [Read More]