Cars.com has predicted that the 2013 Nissan Altima may surpass the Toyota Camry for a title the latter has held for the past 10 years. The site’s analysts noted they are expecting a significant increase in sales for the newly redesigned Altima, which could result in the unit being named the best-selling sedan in the […] [Read More]

Kelly Blue Book is cautioning dealers during the months ahead to watch out and make sure they don’t “overpay” for fuel-efficient vehicles running through the auction lanes. Though high fuel prices have made these compact and subcompact gas sippers a hot seller and an attractive option for many consumers, Kbb.com contends “with so many new […] [Read More]

On Monday, Mercedes-Benz USA appointed a new general manager of pre-owned and fleet operations to replace Bart Herring, who has been named general manager of product management. Promoted to the pre-owned/fleet position is Mark Webster, who will step into this role on May 1. His most recent post was as the company’s area manager for […] [Read More]

TrueCar.com’s newest study examined gender differences in vehicle buying based on more than nine million retail purchases in 2011. As dealers might have suspected, analysts discovered men prefer flashy or brawny vehicles while women prefer import brands and smaller vehicles. “While gender preferences amongst the buyers of various automotive brands still exists, the gap is […] [Read More]

General Motors turned to someone with a military background to be its first chief diversity officer. Accepting the role Monday was Capt. Kenneth Barrett, who retired from the U.S. Navy. “Diversity is and has been a key component of our success including diversity of work force and diversity of customer base — it can only […] [Read More]

In the first three months of 2012, Sonic Automotive lifted used retail sales by more than 6 percent and increased its used revenue by 9 percent as the retailer achieved record first-quarter revenues. Overall, earnings from continuing operations reached $19.5 million, a 24-percent year-over-year hike. Net income was at $20.5 million, compared to $15.0 million […] [Read More]

The 2012 Automotive Executive of the Year Award was recently doled out, and taking this year’s honors was Ferarri North America’s head. Late last week, the award was presented to Marco Mattiacci, president and chief executive officer of Ferrari North America. Mattiacci received the accolade at an invitation-only luncheon held at the Detroit Athletic Club. […] [Read More]

Software technology provider WalkTheLot.com revealed this past weekend the launch of a mobile app that the company contends gives dealers and industry professionals a quick way to process and get information on a unit out to consumers. MobileLot is an Android application that can allow users to scan and decode VIN bar codes in order […] [Read More]

Later this week, Flint Auto Auction will host its annual Corvettes and Classics Sale, which features a wide assortment of Chevrolet Corvettes, specialty vehicles and classic vehicles each year. The event will be held Wednesday in conjunction with the auction’s regular weekly sale. "Our Corvettes and Classics sale has become THE event of the spring, […] [Read More]

As a fellow executive said he “will be sorely missed,” American Auto Auction Group revealed late last week that chief executive officer Steve Simon resigned his position due to health-related issues. However, the group emphasized Simon will still continue as a member of its board of directors. AAAG board chairman and former GMAC executive Bill […] [Read More]