Two of Chrysler Group’s most popular models — the Ram 1500 and the Jeep Grand Cherokee — are now the subject of separate probes by the National Highway Traffic Safety Administration’s Office of Defects Investigation. Nearly 337,000 vehicles are included in documents posted on SafeCar.gov; announcements that cover the 2009 and 2010 Ram 1500 and […] [Read More]

Expect to see more hybrids cruising around the world’s highways in the next few years. According to market research report distributor ReportStack.com, the global hybrid car market is expected to grow at a rate of 18.92 percent in the next three years. The cause for potential double-digit growth: increasing global oil consumption, the Global Hybrid […] [Read More]

A new service for auto dealers just released by DealerSocket offers a clean sweep of sorts, when it comes to a dealer’s customer database. DealerSocket on Tuesday announced the launch of data validation product DataRefresh, a monthly service that performs NCOA, CASS and DNC flagging and appends physical and email addresses and phone numbers. “Quality […] [Read More]

Hyundai Hope On Wheels announced this week a 2012 5K Run/Walk Series that will travel to three U.S. cities. The series was launched in a continued effort to raise awareness and research funds for  pediatric cancer, officials explained. After holding a well-received inaugural 5K event in Orange County last year, Hope On Wheels shared it […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} DEARBORN, Mich. — Because of fewer lease terminations, which resulted in less vehicles sold […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} BANDON, Ore. — Despite independent dealers having some trouble getting financing for subprime borrowers, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MADISON, Wisc. — Sparked by originations connected with used models, CUNA Mutual Group's July Credit Union Trends Report showed these institutions' total vehicle loan portfolio is climbing at a brisk pace. The May total came in at $171.6 billion, reflecting a 2.1-percent year-to-date gain and 3.7-percent uptick […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} BENTONVILLE, Ark. — This week, America's Car-Mart rolled out the 116th dealership in its […] [Read More]

The effects of the March 2011 earthquake and tsunami in Japan on the auto industry are well documented, along with a plummet in Japanese automaker loyalty rankings. Now, according to Experian Automotive, Toyota and Honda are rebounding, as each OEM saw strong comebacks in corporate loyalty in first quarter 2012 Toyota finished third in overall […] [Read More]

Reporting second-quarter earnings this morning, Asbury Automotive Group pulled up used retail sales by 6 percent and increased overall used revenue by 7 percent. This was part of a period when Asbury hit its best-ever quarter earnings per share from continuing operations ($0.69), while increasing net income from $14.2 million to $21.1 million on a […] [Read More]