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Retail
Black Book Names VP of Automotive Licensing
Thursday, Nov. 8, 2012, 06:54 AM
Auto Remarketing Staff
Black Book has a new vice president of automotive licensing. Promoted to the position was Jared Kalfus, who will continue his responsibility for leading Black Book’s efforts to increase data licensing revenue to OEMs, dealers and value-added resellers who serve the dealer community, the company said Wednesday. Kalfus’ most recent position was Black Book’s director […] [Read More]
Dealer Associations Assure Stores of Support in Light of Suzuki Bankruptcy & US Withdrawal
Wednesday, Nov. 7, 2012, 06:58 AM
Nick Zulovich
Leadership from the American International Automobile Dealers Association and the National Automobile Dealers Association said they were “deeply sorry to learn” and “saddened” about American Suzuki’s decision to leave the U.S. automobile market. ASMC outlined its strategy for Chapter 11 bankruptcy, saying warranties will be honored, and service will be provided without interruption through the […] [Read More]
American Suzuki Files for Chapter 11, Pledges to Uphold Vehicle Warranties
Tuesday, Nov. 6, 2012, 03:39 PM
Nick Zulovich
Although American Suzuki Motor Corp. announced plans late Monday to file for Chapter 11 bankruptcy, chairman Takashi Iwatsuki told dealers and vehicle owners that warranties will be honored, and service will be provided without interruption through the company’s parts and service network. “Following a thorough review of our current position and future opportunities in the […] [Read More]
Penske’s Record Quarter Includes 20-Percent Jump in Used Sales
Monday, Nov. 5, 2012, 08:00 AM
Nick Zulovich
As Penske Automotive Group posted a 20.4-percent jump in used retail sales, the company posted record third quarter adjusted income from continuing operations and related earnings per share. The company reported last Friday that its adjusted income from continuing operations attributable to common shareholders increased 19.1 percent to $54.3 million and related earnings per share […] [Read More]
AutoNation Continues to Make Strides in New-Car Sales
Monday, Nov. 5, 2012, 07:57 AM
Auto Remarketing Editor Joe Overby
After increasing its new-vehicle retail sales by more than 21 percent in the third quarter, AutoNation wasted no time in getting the fourth quarter off to a quick start. The retailer experienced increases across the board in new-car retail sales, as each of its three operationg segments boosted their respective numbers by double-digit percentages. [Read More]
Despite Sandy’s Impact, October Used Sales Still Manage Year-Over-Year Gain
Friday, Nov. 2, 2012, 07:21 AM
Nick Zulovich
As damage tallies stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW said Thursday that October sales were still up year-over-year by 4.6 percent. The firm tabulated total used sales […] [Read More]
Ford Announces Plans for Mulally, New COO and More
Thursday, Nov. 1, 2012, 02:31 PM
Sarah Rubenoff
Ford revealed a series of changes within its leadership team, today while also announcing that its chief executive will be staying with the Blue Oval through at least 2014. Alan Mulally will continue leading the long-term strategic development of the One Ford plan and its continuous improvement, the company shared. At the same time, Mark […] [Read More]
Nissan Canada President to Retire; Replacement Named
Thursday, Nov. 1, 2012, 02:12 PM
Auto Remarketing Staff
Nissan Canada president Allen Childs is retiring on Jan. 1 after two decades with the automaker, Nissan announced Wednesday. Moving into the leadership position at Nissan Canada will be Christian Meunier, who is currently the president of Nissan Brazil. That move will also be effective Jan. 1. Childs has been president of Nissan Canada since […] [Read More]
Dealer Groups Reach Out to Communities
Thursday, Nov. 1, 2012, 05:54 AM
Nancy Pardue
Children, veterans and others will benefit from charity events being held this month by two groups of dealerships in their efforts to reach out to their respective communities. First, Boucher Group Ford stores in the Wisconsin cities of Menomonee Falls, West Bend, Kenosha and Janesville announced “Go Further with Ford Night” set for Nov. […] [Read More]
MetroGistics ‘Monster Mash’ Raises $18K for Charities
Wednesday, Oct. 31, 2012, 05:54 AM
Auto Remarketing Staff
Halloween came early to transportation company MetroGistics, as the company welcomed vampires, zombies and other two-legged creatures to its first Monster Mash fundraiser. Benefiting two charities for four-legged friends, the Monster Mash raised more than $18,000 for Stray Rescue of St. Louis and Project VIP (Very Important Pets). It was held on Oct. 20 at […] [Read More]
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