The Automotive Retailers Association of British Columbia named its new president this week. Picked for the role is Ken McCormack, who was previously the general manager at B.C. Milk Marketing Board and executive director of the Agriculture and Food Council of Alberta. “I am excited about my appointment to the position of president of the […] [Read More]

In late breaking news out Thursday, the moment much of the industry has been waiting for finally came to pass. The leadership team for Chrysler/Fiat has been revealed. And heading up both Chrysler and Fiat as chief executive officer will be Sergio Marchionne. The company announced the formation of a group executive council, similar to […] [Read More]

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]