For the third year in a row, the Luther Family of Dealerships is looking to feed a whopping 1 million people through its annual Drive to Serve event. The dealership group is teaming up with the Emergency Foodshelf Network and Stop Hunger Now to bring together 3,500 employees, customers, kids and families to package one […] [Read More]

In a piece of news from one of Canada’s largest dealer groups, AutoCanada Inc. revealed this week it has obtained approval from General Motors of Canada to purchase an 80-percent non-voting equity interest in Peter Baljet Chevrolet GMC Buick located in Duncan, British Columbia.  The company expects the closing date of the transaction to be […] [Read More]

Most any dealer will tell you, the new- and used-car industries are directly tied to eachother. And IBISWorld’s new report on new-car dealers in Canada illustrates this very notion. The report offers a fresh take on the Canadian new-car dealer's place in the industry and provides predictions for a bright next few years. In fact, […] [Read More]

Asbury Automotive Group announced on Tuesday its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from […] [Read More]

Earl Hesterberg quickly defended Group 1’s used-vehicle division when an analyst wondered if the company’s new-to-used vehicle sales ratio started to show a negative trend. Hesterberg said Group 1 did a “pretty good job” of turning used vehicles during both the fourth quarter and all of 2012. Retail used sales rose 7.1 percent in the […] [Read More]

Ford is implementing its first-ever, fully user-generated ad campaign to introduce the new 2014 Ford Fiesta, enlisting the people power of social media. In making the announcement on Tuesday, Ford officials said the company is seeking 100 “social influencers” who will convey the attributes and personality of the new Fiesta through a mix of paid […] [Read More]

Insurance Auto Auctions announced its director of corporate development has been appointed to serve a two-year term as a member representing the interest of salvage yards and auto recyclers on the Bureau of Justice Assistance’s  NMVTIS Advisory Board. IAA highlighted Brian Hildreth is one of 25 representatives from key stakeholder groups, including law enforcement, state […] [Read More]

Safelite Solutions has named its new national account manager of auctions from within the company, tapping a longtime leader in auction operations. Announced this week for the position is the promotion of Eric Ramsdell, who has worked for Safelite for more than a decade. Ramsdell began his career here in the company’s contact centers, then […] [Read More]

NEW YORK — Despite marginal deterioration in January, the auto loan portion of the S&P/Experian Consumer Credit Default Indices showed levels still better than a year ago. S&P and Experian reported Tuesday that auto loan default rates increased in January to 1.10 percent, up from the December level of 1.09 percent. However, the latest reading […] [Read More]

NEW YORK — On Tuesday Chase Auto Finance announced the renewal of its private label auto finance agreement with Jaguar Land Rover North America. Officials indicated the deal lasts for an additional five years. Demonstrating a strong business relationship, Chase Auto Finance highlighted the new agreement was reached nearly a year before the initial agreement […] [Read More]