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Friday, Sep. 5, 2025, 03:10 PM

Lucid closes $300M robotaxi investment from Uber, debuts ad campaign featuring Oscar nominees
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Dealer news: Acquisitions in Cleveland, Cincinnati, New York areas
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Retail
Though Senate Passes Reform Bill, Not Too Late for Dealers to Seek Senator Support for Oversight Exemption
Friday, May. 21, 2010, 01:30 PM
Auto Group Editor Jennifer Reed
WASHINGTON, D.C. — The Senate approved the financial reform bill late Thursday without the Brownback amendment coming up for a vote. However, the dealer protection provision is expected to be addressed in a House and Senate conference committee that is designed to work out the differences between the two chambers. This means it's not too late […] [Read More]
Toyota’s Independent Quality Advisory Panel Plans Japan Visit
Friday, May. 21, 2010, 01:55 AM
Auto Remarketing
WASHINGTON, D.C. — Toyota officials revealed Thursday the next step in the work of their independent North American Quality Advisory Panel. The group that's been charged with strengthening safety and quality assurance practices is set to meet with Toyota president Akio Toyoda and other top executives next week in Japan. The automaker explained that the panel led […] [Read More]
AIADA Hands out Grassroots Advocacy Award to Toyota Dealer
Friday, May. 21, 2010, 01:54 AM
Auto Remarketing
WASHINGTON, D.C. — The American International Automobile Dealers Association honored a Texas dealer this week with its Impact Grassroots Advocacy Award. The honor given during its fourth annual International Auto Industry Summit went to Paul Atkinson, the dealer and general manager of Atkinson Toyota Scion in Bryan, Texas, and Atkinson Toyota in Madisonville, Texas. AIADA explained […] [Read More]
Dealer Associations to Join Senator for Brownback Amendment Push
Wednesday, May. 19, 2010, 02:00 AM
Auto Remarketing
WASHINGTON, D.C. — U.S. Sen. Sam Brownback is planning to stand with leadership of the American International Automobile Dealers Association, the National Association of Minority Automobile Dealers, and the National Automobile Dealers Association this afternoon at the Capitol for a press conference. The Kansas Republican is uniting with the dealership associations to reinforce their stance against […] [Read More]
What Factor Most Heavily Influences Car Buyers’ Decisions?
Wednesday, May. 19, 2010, 01:59 AM
Auto Remarketing
ROCHESTER, Mich. — When looking at the factors that ultimately lead consumers to buy a vehicle, the biggest positive influence on a car buyer's decision is the dealership visit, according to a recent study from Foresight Research. In fact, more than half of vehicle purchasers indicated that their experience at the dealership was "highly influential in […] [Read More]
U.S. Treasury Settles TARP Debt with Chrysler
Wednesday, May. 19, 2010, 01:55 AM
Auto Remarketing
WASHINGTON, D.C. — The Department of the Treasury revealed late Monday that it has received a repayment from Chrysler Holding. The amount is a settlement of one of the loans for a fraction of what federal officials extended last year. The sum of $1.9 billion is only a portion of what Treasury officials doled out to […] [Read More]
Wheels Brings in New Board Member
Wednesday, May. 19, 2010, 01:54 AM
Auto Remarketing
DES PLAINES, Ill. — Wheels Inc. announced a new member to its board of directors earlier this week. Appointed to serve as a board member was Greg Besio, who is the executive vice president and chief administrative officer at Aon Inc. His duties at Aon include heading up such global shared service functions as: corporate strategy, procurement, real […] [Read More]
GM Records 1Q Profit
Tuesday, May. 18, 2010, 02:00 AM
Auto Remarketing Editor Joe Overby
DETROIT — General Motors said it returned to profitability in the first quarter, reporting net income of $900 million and operating income of $1.2 billion on total revenues of $31.5 billion. The automaker recorded adjusted EBIT of $1.7 billion. GM said this was determined following adjustments it made for the favorable impact of selling the Saab brand. GM […] [Read More]
Edmunds.com Projects Eventful Memorial Day Weekend
Tuesday, May. 18, 2010, 01:56 AM
Auto Remarketing
SANTA MONICA, Calif. — Edmunds.com expects Memorial Day to be a busy time for dealerships. Site analysts described potential sales traffic during the holiday weekend as "especially strong this year." Edmunds.com indicated that new-vehicle sales have been relatively weak so far this month. The site even suggested that May SAAR may drop slightly from April's 11.2 […] [Read More]
Chrysler Wins Another Arbitration
Monday, May. 17, 2010, 03:59 AM
Auto Remarketing
AUBURN HILLS, Mich. — Chrysler Group saw the ruling turn in its favor in yet another dealer arbitration case, this time notching a victory against a store in Texas. Manuel Dodge in Richardson, Texas, was one of the hordes of dealers filing for arbitration after it was rejected by the automaker. After arbitration was held May […] [Read More]
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