Todd Fites describes his hometown of Auburn, Ind., as being a “thriving small automotive town” some 90 years ago and the home of the Auburn Automobile Co. that produced such classics as the Cord. This car-town and Hoosier-state native told Auto Remarketing that he had always been interested in large companies, particularly automakers, so it’s […] [Read More]

As Chevrolet celebrates six decades of its most iconic sports car, the 2013 Corvette 427 Convertible Collector Edition made its debut on Thursday, in addition to a 60th Anniversary Package that Chevy will offer on all 2013 model-year Corvettes. Chevy dealers will receive these models in early summer. Meanwhile, the company will unveil both the […] [Read More]

The Federal Reserve’s first Beige Book of 2012 described an upbeat atmosphere in most the 12 districts as sales of new vehicles continued to pick up as last year closed. Among the most favorable reports, federal officials highlighted that Atlanta saw the pace of sales in November and December as “the strongest in over two years. Furthermore, […] [Read More]

Volvo Cars of North America has tapped a new vice president of marketing and product planning to fill the spot formerly held by John Maloney, who became president and chief executive officer last month. Appointed to the position by Maloney is Tassos Panas, whose most recent post was as executive vice president of sales operations. […] [Read More]

Even though 2011 marked a dramatic downturn for off-lease volume — which is perhaps the most significant lifeflood for the certified pre-owned supply — some automakers are expecting that 2012 will present even more challenges for securing CPO inventory. So, in order to continue the momentum from a record year for certified sales in 2011, […] [Read More]

The National Independent Automobile Dealers Association and Manheim announced they are now accepting nominations for the 2012 NIADA/Manheim Community Service Award. The award recognizes independent dealers for community contributions and charitable sponsorships. Five finalists will be selected from the pool, and the winning dealership will be named on June 13 at the Leadership Awards Banquet […] [Read More]

Led by its domestic operating segment, AutoNation saw a 7-percent rise in retail new-vehicle sales in 2011 and closed the year with a strong December that was up double digits year-over-year, the company announced Monday. Breaking its full-year results down further, AutoNation realized a 17-percent gain in sales for domestics, while its import sales were […] [Read More]

On the heels of achieving a 26-percent year-over-year sales hike, Chrysler announced Friday that chairman and chief executive officer Sergio Marchionne will now serve as campaign chair for the United Way for Southeastern Michigan 2012 campaign. His responsibilities as campaign chair of the community betterment non-profit includes heading up the recruitment of leaders within the […] [Read More]

It was announced late last week that Automotive Association Services will now provide management services to the Maryland/Delaware Independent Automobile Dealer Association. Also, AAS has named an associate director to assist with its new partnership. Tapped for the position is Brad Hudson. Officials noted that the relationship between AAS and MIADA-DIADA began on the first […] [Read More]

General Motors hopes it now has dashed any safety concerns about the Chevrolet Volt’s battery catching on fire long after a collision, thanks to engineering modifications revealed Thursday. The automaker announced enhancements to the vehicle structure and battery coolant system in the Volt that would further protect the battery from the possibility of an electrical […] [Read More]