Group 1 Automotive announced the specifics of its third quarter cash dividend, a practice the company had halted for more than a year. Officials revealed late last week that they plan to pay 10 cents per share on Dec. 15 to stockholders of record as of Dec. 1. “We are pleased to be able to reward […] [Read More]

The Used Car Dealers Association of Ontario revealed two new offerings for its members this week. The association said that UCDA members can now utilize RouteOne’s online consumer credit portal, thus allowing these dealers to send credit applications to a slew of lenders, including the following: Bank of Nova Scotia, TD Financing Services (formerly VFC), […] [Read More]

This week, BMW Group Canada revealed its new president and chief executive officer to replace Franz Jung, who becomes president of BMW Italia effective Jan. 1. Stepping into this role at the outset of 2011 is Manfred Braunl. This announcement marks Braunl’s second stint with BMW Canada as he previously spent time with the company […] [Read More]

General Motors said Thursday that it is conducting a recall of more than 14,000 Cadillac DTS and Buick Lucerne vehicles to fix a power-steering issue. The affected vehicles are all from the 2010 and 2011 model years, and all of the Lucerne vehicles included in the recall are V8 models. In total, 14,245 units have […] [Read More]

GE made what it believes to be the largest-ever single electric vehicle commitment on Thursday — with a major component of it connected to General Motors. GE officials announced they will purchase 25,000 electric vehicles by 2015 for their own fleet and through their business at GE Capital Fleet Services. GE said it intends to […] [Read More]

The Dodge brand is hoping to reach out to a key demographic of customers in a new marketing strategy the automaker started on Thursday . The company highlighted a return to multicultural marketing and advertising with a new television campaign called “Secret Door” that’s aimed at specifically the Hispanic market. Dodge emphasized the TV spots […] [Read More]

DealerRater, a dealer review website, reached a new threshold for its Certified Dealer program while also marking a two-fold increase in the program’s  membership in the past six months. The site now has 2,000 dealers in the fold. Officials believe such monumental growth in the number of Certified Dealers underscores the significance of the certification […] [Read More]

The American International Automobile Dealers Association is offering a free Webinar for both members and non-members about the value of vehicle history reports. AIADA is hosting the event with Carfax’s Jay Luna on Nov. 18 beginning at noon (EST). Luna, the process improvement manager at Carfax, is scheduled to give a presentation titled “Vehicle History […] [Read More]

General Motors revealed Monday that it will be parting ways with its Goodwrench service brand name and will instead have a Certified Service brand for each of its four core vehicle makes. They will go by the following names: Chevrolet Certified Service, Buick Certified Service, Cadillac Certified Service and GMC Certified Service. Explaining its decision, […] [Read More]

Dealers turned out in abundance for the CPO Forum that was held Monday and Tuesday at the San Diego Grand Hyatt. Three top dealers took to the stage on the first day to discuss inventory management and how their businesses have found such success in a recession. The dealers included Howard Hakes, of Hitchcock Automotive […] [Read More]