Although President Obama signed sweeping financial reform back in July, the National Independent Automobile Dealers Association is still working feverishly in Washington, D.C., to ensure that dealers can navigate through new regulations. NIADA general counsel Keith Whann is scheduled to gather with staff of the Federal Trade Commission on Nov. 17 to follow up on matters discussed during […] [Read More]

About two weeks after announcing it was launching a used-vehicle pricing index, TrueCar utilized this week’s CPO Forum as platform to reveal who will be the executive vice president and general manager of the initiative. Picked to serve in this role for ClearBook is industry veteran Jim O’Brien. Officials said O’Brien will work directly with […] [Read More]

General Motors said late last week that it has appointed a U.S. vice president of diversity. Named to the position was Eric Peterson, who will also keep his current role as director of industry dealer affairs. [Read More]

The momentum kept rolling in the industry’s certified pre-owned segment during October, especially for a trio of automakers that posted best-ever CPO months, according to Autodata Corp.  With a double-digit improvement from October 2009, the certified segment made its eighth consecutive month of year-over-year gains, and year-to-date sales showed upward movement for the fourth straight […] [Read More]

Pickups are leading the way in an auto market that has steadily grown healthier, according to a recent Forbes.com report. Forbes said two of these trucks, in particular, have been the industry’s top sellers so far in 2010. The site released the list of top-10 best-selling new vehicles of 2010, and the No. 1 model […] [Read More]

Chrysler Canada said earlier this week that last month represented its strongest October for retail sales in six years. Overall sales were up 6 percent at 15,168 units sold. This marked the 11th straight time overall sales have improved. Through 10 months of this year, total sales have hit 175,240 units, a gain of 27 […] [Read More]

The Berman DeValerio law firm announced earlier this week that the class-action lawsuits in the U.S. against the Canadian Automobile Dealers Association and Toyota Motor Sales USA have been settled. Per the agreements, Toyota will pay $35 million (USD) and CADA is paying $700,000. [Read More]

Led by a 20-percent uptick for its domestic operating segment, AutoNation said Thursday that it posed a significant year-over-year gain in retail new-vehicle sales during October. Overall, the dealership group moved 17,530 retail new units for the month. This marked a 15-percent gain from the year-ago period. Breaking it down, the domestic operating segment had […] [Read More]

With an encouraging SAAR level in sight, the American International Automobile Dealers Association didn’t hesitate to declare October the most successful month of the year for the new-vehicle sales. The associated indicated Thursday that October sales moved higher by 13.4 percent against the same month a year ago. For the year, AIADA said overall sales […] [Read More]

CarMax is looking for more than 1,200 people to fill a variety of positions with the used-car retailer throughout the country.  The company is conducting this recruitment to meet seasonal staffing needs and to be ready for its upcoming expansion. Most of the positions are for sales and services operations (detailers and experienced technicians), but CarMax is […] [Read More]