AUBURN HILLS, Mich. — Chrysler Group this week reiterated claims that it's following legal procedures with dealers correctly and is "looking forward to moving beyond the arbitration process." The automaker indicated through a spokesperson that fewer than 30 cases remain to be arbitrated. As of Tuesday, Mike Palese also revealed 59 case decisions have been rendered, […] [Read More]

MEDFORD, Ore. — Lithia Motors said it took a step toward fostering growth Tuesday as it amended its revolving credit facility with US Bank. The amendments include the maturity date being pushed back almost three years, a boost to the amount on the facility and a decrease in the interest rate. More specifically, the maturity date is now June […] [Read More]

SANTA BARBARA, Calif. — Bearing in mind Ford's plans to end the Mercury brand later this year, ALG recently shared data in its latest Residual Value Report that sheds some light on what may happen to the discontinued brand's value retention.  When a brand is cut from an automaker, the three subsequent years usually show the brand losing between […] [Read More]

CARY, N.C. — The Pre-Owned Automobile Dealers Alliance reached a significant milestone for its membership this week, as it welcomed its 500th dealer member to the alliance, just nine months after the first dealer joined POADA.  "We are thrilled to see that in less than a year, 500 dealers have recognized the value of what we […] [Read More]

OAK BROOK, Ill. — vAuto recently celebrated founder and chairman Dale Pollak taking home honors as the 2010 Ernst & Young Entrepreneur Of The Year award for Emerging Companies in the Midwest Region. Included in the Midwest program are Illinois- and Indiana-based companies. Pollak was chosen by an independent judge panel in the Emerging Companies category, […] [Read More]

WASHINGTON, D.C. — In an early morning vote Friday, House and Senate leaders decided to exempt dealers from consumer financial protection agency oversight. While this leaves many dealers relieved, buy-here, pay-here dealers remain under the gun. They are not exempt. The combined legislation will now go House and Senate for a vote and is expected to […] [Read More]

SANTA MONICA, Calif. — Edmunds.com picked a vehicle in total of 14 different segments for a list the site dubbed the Used Car Best Bets for 2010. Toyota had the most selections as analysts went with the Camry in the midsize sedan segment, the Tacoma in the compact truck division and the Prius among hybrids. Honda […] [Read More]

TULSA, Okla. — Dollar Thrifty Automotive Group announced Friday that its Thrifty Car Sales operation has opened several new stores that expands its presence in Washington, Pennsylvania, Kentucky, West Virginia, Ohio and Florida. Specifically, these new locations include stores in Pasco, Wash.; Hollidaysburg, Pa.; Coopersburg, Pa.; Bowling Green, Ky.; Hurricane, W.Va.; Lexington, Ky.; New Carlisle, Ohio […] [Read More]

McLEAN, Va. — The reach of NADA University on-site seminars has been extended, as the Automotive Partners Building at Cerritos College in Long Beach, Calif., will now serve as the home of the workshops for the West Coast. Meanwhile, NADA University's on-site seminars for the East Coast still will be held at the NADA Academy in McLean, […] [Read More]

MISSISSAUGA, Ontario — Reynolds and Reynolds Canada is rolling out new documents designed to aid Ontario dealers in complying with the new Harmonized Sales Tax laws. These documents, which are newly designed, will be marketed under Reynolds' LAW brand name. Their purpose is to help Canadian dealers more easily and efficiently adhere to guidelines governing F&I […] [Read More]