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]

CBS MoneyWatch thinks a three-year-old Toyota model is a better choice than alternative makes in three different vehicle segments, according to recently posted commentary. CBS MoneyWatch’s Jerry Edgerton also doesn’t have much faith in a pair of used Volkswagen models. The site’s auto columnist offered an alternative over what VW has in two segments, small car and […] [Read More]

Penske Automotive Group’s significant uptick in used sales helped overcome what was a modest drop in new sales, as the company enjoyed a “solid quarter” despite the inventory pressures it faced in the aftermath of the Japanese earthquake. Reporting second-quarter results Thursday, Penske said it achieved $39.9 million in income from continuing operations attributable to […] [Read More]

As the site pinpointed the best day in July to acquire a new vehicle, TrueCar.com also highlighted this month’s best purchase and lease deals being rolled out by OEMs. Based on data from its latest TrueTrends Report, TrueCar.com believes July 30 is the best day for consumers to hit franchise dealers. After scouring cash, finance […] [Read More]

Saab announced Thursday that the date to resume production at its Trollhattan plant will be postponed until late August, at the earliest. The automakers recent proposal to restart production Aug. 9 was delayed because of a failure to secure the necessary parts from suppliers. An industry-wide summer break that affected a large amount of the automaker’s […] [Read More]

This week, the National Highway Traffic Safety Administration announced Ford’s voluntary recall of more than 25,000 trucks, vans and SUVs to rectify a brake-light problem. The specific models included in this recall are: —Ford E-250 from the 2002 to 2007 model years. —Ford E-350 from the 2002 to 2007 model years. —Ford E-450 from the […] [Read More]

One particular element of the six-year “Nissan Power 88” global growth plan unveiled by the automaker late last month dealt with bolstering the worldwide presence of its Infiniti brand. Nissan explained that it aims for Infiniti to command a 10-percent share of global luxury market share and for its footprint to reach more than 70 […] [Read More]

Santa Fe Ford, located in Alachua, Fla., announced Wednesday that it just celebrated its 30-year anniversary. According to company officials, the dealership that serves the greater Gainesville area is one of the largest used-car dealers in the area, as well as one the largest Ford truck dealers in the region. General Manager Greg Waitcus expressed […] [Read More]