Though still challenged by Japanese inventory issues in the third quarter, AutoNation’s net income from continuing operations soared more than 20 percent, and the retailer achieved its best-ever third quarter for earnings per share from continuing operations. [Read More]

Now all members of the Big 3 and the UAW have their negotiations settled. Ford confirmed this morning a new national labor agreement has been ratified by UAW-represented employees in the U.S. The automaker believes the agreement covering approximately 41,000 employees improves its competitiveness in the U.S. The OEM indicated it is adding 12,000 hourly […] [Read More]

With authorities receiving 12 complaints of engine compartment fires, Mini Cooper S vehicles from model years 2007 and 2008 are being examined by the National Highway Traffic Safety Administration’s Office of Defects Investigation. The investigation involves 36,000 units across the following models: 2008 Mini Cooper Clubman S 2007–2008 Mini Cooper S 2007–2008 Mini Cooper S […] [Read More]

Thanks to used-car trade-in values being above average, the new-car market is likely to see a nice lift during the fourth quarter, according to NADA Used Car Guide senior analyst Jonathan Banks. Interestingly enough, though, high trade-in values didn’t keep used sales from remaining strong in September, Banks pointed out in a video interview with […] [Read More]

Chrysler celebrated a landmark sale in its certified pre-owned program last month when a Chicago-area woman became the 1 millionth Chrysler CPO customer. Back in September, Jessica Taskay — who is 21 years old, hails from Lockport, Ill.,  and works as a kennel manager — bought a certified 2010 Jeep Patriot Sport at Bettenhausen Motor […] [Read More]

Industry groups, dealers and analysts, as well as Ford’s Alan Mulally, all applauded this week’s congressional action to push the United States–South Korea Free Trade agreement that has awaited ratification since it was approved by both countries in 2007. In a study requested by the Senate, the United States International Trade Commission found KORUS will create […] [Read More]

Group 1 Automotive’s dealership network has recently grown by four stores, as the company announced Tuesday it acquired a General Motors store in Houston to go along with three dealership openings throughout Texas and California. Group 1 bought David Taylor Cadillac Buick GMC in Houston and is rolling out a new Volkswagen store in the […] [Read More]

Free recommendations on best dealership practices from Carfax, DealerTrack and OPENLANE prompted close to 400 store managers and salespeople to register for the last Auto Remarketing Training Series Webinar of the year. Dealers who might have missed Tuesday’s session still can get all of the information shared by three of the used-vehicle industry’s top dealer […] [Read More]

Izmocars and AskPatty.com recently revealed they are partnering in an effort to provide dealers with the training and tools they need to effectively market and sell auto accessories to women. Interestingly, according to the companies, this is especially important because women purchase nearly as many accessories and aftermarket products as men. Jody DeVere, chief executive […] [Read More]

The CarMax Foundation has now given $10 million to nonprofits since its inception in 2003. In celebration of this milestone, the foundation announced it will now include wellness as one of its focuses.   To kick off the celebration, the CarMax Foundation revealed it intends to double all volunteer team-builder grants from $500 to $1,000 for any associate groups […] [Read More]