As Honda and Toyota run into production delays due to the Thailand floods, it appears Nissan could be well-positioned to gain ground. In fact, Nissan’s chief operating officer just raised the automaker’s full-year forecast on Wednesday. Though Toshiyuki Shiga took a cautionary tone, Nissan revised up its full-year forecast to net income $3.63 billion, based […] [Read More]

After being awarded the Chevrolet franchise in 1915, brothers Harold Benson and Ray Benson and their cousin Roy Benson drove nearly 300 miles from New York City to a tiny New Hampshire town in their first Chevrolet. Nearly 100 years later, and as one of the oldest Chevy dealerships in the United States, Benson Auto […] [Read More]

Fueled by used-vehicle department gains, Penske Automotive Group declared Wednesday that it achieved the highest quarterly profit in company history during the third quarter. Penske revealed its third-quarter income from continuing operations attributable to common shareholders was $56.7 million or 62 cents per share. In the year-ago period, the company posted income of $34.8 million […] [Read More]

NADA Used Car Guide is giving dealers another chance to learn how to use a tool to appeal to the youngest potential buyers — Generation Y. NADA UCG is orchestrating a free Webinar at 2 p.m. ET on Tuesday titled, “Appraising Vehicles for Generation Y Buyers.” It’s going to be led by Stu Zalud, director […] [Read More]

Several automakers used descriptions such as “record” and “best since” to highlight their October new-vehicle sales performance. But such lofty words are why analysts from Edmunds.com, TrueCar and J.D. Power and Associates sounded cautious when discussing what October’s sales numbers mean in the near term and beyond. “High prices and inventory shortages in late April […] [Read More]

Less than a day after one of the most well-known men in auto retailing and motorsports and  his wife were involved in a crash landing at the Key West International Airport in Florida, Rick and Linda Hendrick — along with the two pilots also aboard the jet — were back safely in North Carolina on […] [Read More]

As the flooding in Thailand continues, automakers with plants in the area, as well as suppliers, are being forced to reevaluate their production schedules, and in some cases, suspend it entirely. Honda and Nissan were two of the manufactures to provide updates on production levels this week due to the natural disasters. [Read More]

The National Highway Traffic Safety Administration revealed three different recalls by one domestic and two European automakers, covering more than 85,000 vehicles. The largest of the three is for the 2012 Chevrolet Equinox and GMC Terrain. NHTSA officials indicated General Motors is summoning 33,964 units manufactured between July 18 and Sept. 6. These vehicles failed […] [Read More]

Toyota revealed Friday that Scott Heyer, a long-time corporate manager of fleet/TRAC/TCUV for Toyota, has moved on to a new position. Taking on Heyer’s former role will be Dave Depew, former corporate manager — distribution. Heyer is moving into the role of corporate manager — sales administration/Toyota division, where he will focus on retail sales. […] [Read More]

Third-quarter results are showing the alliance between Chrysler and Fiat is not only working — it’s thriving because the relationship is producing vehicles analysts believe consumers want. On Thursday, Chrysler Group reported preliminary net income of $212 million for the third quarter, compared with a net loss of $84 million a year ago as the […] [Read More]