Though projected to improve year-over-year, used sales for July are likely to be softer than where they were a month ago, according to TrueCar. The company suggested Thursday that the second half of 2011 could be rather challenging for the overall car market. More specifically, TrueCar is forecasting 4.05 million used sales for July, which represents […] [Read More]

Stay tuned. Decisions are near. That, in a nutshell, is the message Sergio Marchionne gave this week when talking about the yet-to-be-announced plans for the leadership of newly aligned Chrysler and Fiat. With rumors swirling this week about how the management structure will shake out and when it will be revealed, the chief executive officer cleared […] [Read More]

In addition to announcing several record-setting production and sales results for June and the first half of this calendar year, as a part of touting its recovery from the Japanese natural disasters, Nissan Motor Co. determined its first-quarter operating profit for the 2011 fiscal year totaled 150.4 billion yen, which equals $1.84 billion or 1.28 […] [Read More]

AiM, a new- and used-vehicle inspection services company, announced Wednesday the launch of a grading system to help customers easily determine the quality and condition of a car or truck. The grading system is based on AiM’s used-vehicle inspection report and AutoCheck Score history report. “Determining which 2010 Ford Mustang or 2009 Nissan Altima to […] [Read More]

In what turned out to be the company’s best second quarter for earnings per share in five years, Lithia Motors achieved double-digit gains in same-store used revenue and same-store used sales, the company revealed Wednesday. Furthermore, Lithia more than doubled its adjusted net income from continuing operations, which totaled $14.6 million ($0.54 per share), up […] [Read More]

AutoNation notched a significant gain in used-vehicle gross profit during the second quarter, which along with a major lift in new gross profits, helped the retailer’s operating income climb double digits. In other good news for its used operations, AutoNation moved 42,833 retail-used sales during the period, an improvement of almost 6 percent from the […] [Read More]

Chevrolet revealed today it will be involving its fans and customers in its 100th birthday celebration. As the countdown to the big day — Nov. 3 — begins, the automaker will be encouraging its followers to vote for their favorite Chevy cars and trucks and “take the birthday party to their communities with the help […] [Read More]

Reporting second-quarter earnings on Tuesday morning, three of the country’s largest dealer groups — Asbury Automotive Group, Group 1 Automotive and Sonic Automotive — enjoyed lifts in their used-car operations from a year ago, helping all three succeed in an auto environment that was limited due to the Japanese disasters. [Read More]

Though the company still incurred a net loss in the second quarter, Chrysler’s top boss was upbeat about the automaker’s progress and where it may be headed. When quarterly results were released Tuesday — which marked the first time Chrysler and Fiat have unveiled results together — not only was Chrysler’s progress highlighted, but officials […] [Read More]

Ford’s second-quarter results released Tuesday revealed that the automaker’s North American wholesales in the second quarter came in at 736,000, up 77,000 from a year ago. This is some good news for auctions that have been seeing lower wholesale volumes for some time. Moreover, North American revenue came in at $19.5 billion, up $2.6 billion […] [Read More]