Ford revealed a series of changes within its leadership team, today while also announcing that its chief executive will be staying with the Blue Oval through at least 2014. Alan Mulally will continue leading the long-term strategic development of the One Ford plan and its continuous improvement, the company shared. At the same time, Mark […] [Read More]

Nissan Canada president Allen Childs is retiring on Jan. 1 after two decades with the automaker, Nissan announced Wednesday. Moving into the leadership position at Nissan Canada will be Christian Meunier, who is currently the president of Nissan Brazil. That move will also be effective Jan. 1. Childs has been president of Nissan Canada since […] [Read More]

The recent acquisition of Ally Credit Canada by Royal Bank of Canada triggered a question during a quarterly conference call Wednesday: Why didn’t General Motors Financial make a run at the financing arm since it already has lending and leasing activity in the country? GM Financial president and chief executive officer Dan Berce addressed the […] [Read More]

After releasing a report highlighting the used-vehicle price forecast for the end of this year and spring of 2013 on Wednesday, NADA Used Car Guide looked at more immediate trends in the market. It said that wholesale prices for all the segments it tracks are expected to decrease this week, except for one highline segment. […] [Read More]

Used cars have gotten more expensive. At least, that is one fact consumers and dealers have come to expect during the past few years. But, after three years of “dramatic growth”, the price hike slowed a bit this year, according to NADA Used Car Guide. In fact, the projected average price of used cars and […] [Read More]

The National Remarketing Conference, sponsored by SmartAuction, as the industry’s leading conference, is an excellent place to stay up-to-date on information relevant to all aspects of the industry, including fleet, lease and rental. In a 2:45 p.m. session on Nov. 15, the market dynamics of this industry niche will take center stage at the National […] [Read More]

Though the trade-in numbers for vehicles three years old and younger has been “very low,” Jack Ballinghoff has found that fellow Toyota dealers shouldn’t have any problem finding off-lease vehicles. The general manager of Koons Tysons Toyota said that while he’s not pursuing the three-year-old and younger vehicles right now, Toyota dealers who are can […] [Read More]

In light of Hurricane Sandy, it was announced that the memorial service for Matt Marks — the late executive director of the International Automotive Remarketers Alliance — will now take place on Wednesday. Services are scheduled for 11 a.m. Wednesday at the Goble Funeral Home in Sparta, N.J. The funeral home is at 22 Main […] [Read More]

CU Direct Connect announced Wednesday that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group’s stores in Colorado. The agreement is effective as of today. Officials said that CU Direct Connect, through its 34 member credit unions, is collectively the largest auto […] [Read More]

Dealer customer relationship management provider DealerSocket this week released its manufacturer incentives integration to all program users at no additional cost. The company explained incentive icons appear in the CRM coinciding with the vehicle stock number. The user then can click on the highlighted link to display details about the manufacturer incentive on that vehicle. […] [Read More]