The U.S. News & World Report announced Wednesday its annual “2015 Best Cars for the Money” award winners, listing the popular consumer-facing publisher’s advice on the “best” vehicles in each vehicle category. The manufacturer with the most winners was the American Honda Motor Company, featuring three winners from each of its Honda and Acura brands. […] [Read More]

The fourth quarter of 2014 wrapped up what was Penske Automotive Group’s most profitable year ever. The company announced Wednesday, revenue in 2014 increased by 18.9 percent to a total of $17.2 billion, $4.4 billion of which was made in Q4.  And in 2014, Penske retailed a grand total of 398,356 new and used vehicles. […] [Read More]

The Dealer’s Auto Auction Group announced recently it has named Robin Treadway as the group’s managing director of auction operations. David Andrews, the chief executive officer of City Enterprises LLC, DAA’s parent company, made the announcement. “Robin’s expert knowledge of the auction industry covers every segment of our business,” Andrews said. “We are blessed to […] [Read More]

As the company ramps up its prime financing program, General Motors Financial still is keeping an eye on its subprime business as a Wall Street analyst touched on recent inquiries from the U.S. Department of Justice and the Securities and Exchange Commission. GM Financial rolled out its prime loan product to all GM dealers on […] [Read More]

Officials from www.OnlineBKmanager.com made what they called “significant” improvements to their Web-based marketing software.  After 18 months of development and programming, OnlineBKmanager.com now has the ability to deliver bankruptcy leads to franchised dealers on a daily basis. Upgrades also include improvements to the company’s exclusive multi-step lead cleansing process. “We are proud to announce the […] [Read More]

GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sold through dealers, recently announced a strategic alliance with National Auto Lenders (NAL), a non-prime auto finance company. Officials highlighted GWC’s partnership with NAL represents the company’s continuous commitment to bringing the “No Worries” experience to dealers and their customers nationwide. […] [Read More]

The results of ALG’s 7th annual Canadian Residual Value Awards were announced today, with Land Rover and Subaru coming out on top. Land Rover and Subaru, known for its loyal customer base, took home the awards for overall Premium Brand and Mainstream Brand, respectively. When it comes to segment awards, Toyota and Lexus reigned supreme, […] [Read More]

Dealer groups are getting bigger. For example, just since the year began, AutoNation acquired stores in Nevada and Georgia, while Group 1 Automotive reached what it called an “amicable and mutually beneficial settlement agreement” to finalize a deal for a luxury dealership in Florida. KeyBanc Capital Markets focused on three elements while explaining why mergers […] [Read More]

New vehicles won’t be the only debut made by Toyota in Chicago this month. Tuning into the spirit of Valentine’s Day, Toyota has announced Monday it will spreading the love by bringing insulated winter boots and socks to residents of The Salvation Army Evangeline Booth Lodge in Chicago for its “Toyota Walk In My Boots” […] [Read More]

The top bidder for a motorcycle at ADESA’s auction during the recent NADA Convention and Expo in San Francisco at the end of January will ride it across the country to raise further funds for various charities. Greg Noonan, who won the 2012 Harley-Davidson Heritage with a $20,000 bid, will further contribute funds raised from […] [Read More]