Carfax launches Homegrown badge to show customers the vehicles they’re looking for
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COMMENTARY: Aggressive pursuit of expansion & strategic scaling in a seller’s market
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Dealer news: Feldman’s big deal; acquisition in Paris (Texas); Luther earns gold in Twin Cities
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Retail
U.S. News & World Report Picks Top New Vehicles
Thursday, May. 13, 2010, 01:56 AM
Auto Remarketing
WASHINGTON, D.C. — The editors who compile rankings for U.S. News & World Report recently made their selections for the best new vehicles about to hit dealer showrooms. Of the five vehicles they selected, only one came from a domestic manufacturer. That vehicle was the 2011 Ford Fiesta. The other units included in the rankings were the […] [Read More]
Nissan Reaches Out to Flood Victims in Tennessee
Thursday, May. 13, 2010, 01:54 AM
Auto Remarketing
FRANKLIN, Tenn. — Nissan North America is offering its support to help Tennesseans recover from the flooding that devastated the state where it is headquartered. Nissan donated $200,000 in cash to the American Red Cross in Middle Tennessee and $50,000 cash to the Second Harvest Food Bank. Moreover, the company said it will match up to $50,000 […] [Read More]
Marchionne Discusses Possibility of Chrysler IPO; New VP of External Affairs Named
Wednesday, May. 12, 2010, 02:00 AM
Nick Zulovich
AUBURN HLLS, Mich. — An initial public offering evidently is on the radar of top Chrysler executives. Chief executive officer Sergio Marchionne described the company as having a "strengthening base" for one, but stopped short of giving a specific date when a capital-raising event might occur. During a conference call earlier this week, Marchionne was asked about […] [Read More]
NHTSA Investigates 2005 Toyota Recall
Wednesday, May. 12, 2010, 01:58 AM
Auto Remarketing
WASHINGTON, D.C. — In the latest chapter of the automaker's recall-related challenges, the National Highway Traffic Safety Administration is now investigating how Toyota handled a steering relay rod recall back in the mid-2000s. Basically, NHTSA is seeking to find out if Toyota Motor Corp. brought the matter to the attention of proper authorities within the mandatory […] [Read More]
GE Fleet Details $65 Million in Quarterly Savings
Wednesday, May. 12, 2010, 01:54 AM
Auto Remarketing
EDEN PRAIRIE, Minn. — GE Capital Fleet Services recently broke down how it identified $65 million in cost savings for its fleet operations customers during the first quarter of this year. Four factors that reduced costs and streamlined processes came together to create the total, including: —Total-cost-of-ownership analysis ($18 million): Using cost analysis to evaluate and […] [Read More]
Consumer Reports Repeals Don’t Buy Notice from Lexus GX 460s
Monday, May. 10, 2010, 03:58 AM
Auto Remarketing
YONKERS, N.Y. — In some good news for the automaker, Consumer Reports has removed its "Don't Buy: Safety Risk" tag it placed on the 2010 Lexus GX 460 last month when it found the SUV had potential roll-over issues. Consumer Reports said the recall work fixed the issue. After the publication announced the "Don't Buy" label, […] [Read More]
Honda Recaps More than Three Decades of R&D in America
Monday, May. 10, 2010, 03:56 AM
Auto Remarketing
TORRANCE, Calif. — Last week, Honda highlighted 35 years of research and development that began in southern California at Honda R&D Americas by emphasizing how much of its vehicle lineup is created in the United States. The automaker shared that seven of 21 Honda and Acura units from the 2010 model-year that are sold in the […] [Read More]
Mercedes-Benz Unveils New Vehicle Preparation Center in Georgia
Friday, May. 7, 2010, 01:55 AM
Auto Remarketing
MONTVALE, N.J. — Mercedes-Benz USA opened the doors earlier this week to a more than 100,000-square-foot Vehicle Preparation Center in coastal Georgia that will process vehicles on their way to the automaker's Southern region, Texas and Oklahoma dealerships. Mercedes-Benz USA chief executive officer Ernst Lieb hosted a ribbon-cutting ceremony Wednesday at the VPC in Brunswick, Ga., with […] [Read More]
Audi Spotlights Top 2009 Dealers
Friday, May. 7, 2010, 01:54 AM
Auto Remarketing
HERNDON, Va. — Audi recognized its U.S. dealers that had the best performances last year on Thursday as it unveiled its 2009 Magna Society honors. Fifty-eight of Audi's 270 U.S. stores received this distinction, which is given to dealers that provide "superlative customer service" and post strong overall business performances. In essence, these stores are exceptionally […] [Read More]
AIADA: Import Brands Continue Upward Movement in April
Wednesday, May. 5, 2010, 01:56 AM
Auto Remarketing
ALEXANDRIA, Va. — Import automakers continued to see their sales climb upward during April, as they now have shown year-over-year growth for each month of 2010, according to the American International Automobile Dealers Association. More specifically, international nameplates combined to sell 540,077 units in the U.S. during April, marking an 11.1-percent decrease from March, but an […] [Read More]
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