Based on the 2011 financial performance, Sergio Marchionne believes Chrysler’s “house is in good order,” as the automaker turned a net loss of more than a half billion in 2010 into a profitable year. The chairman and chief executive officer declared Wednesday that Chrysler generated preliminary net income of $183 million for the full year, […] [Read More]

U.S. News Best Cars revealed Wednesday the models it has found to be the most ideal rides for families, honoring vehicles in 18 categories. Leading the pack among individual brands were Ford and Honda, each which had four vehicles claim top honors in a category. They were followed by Acura, Buick, Subaru and Toyota, each […] [Read More]

vAuto founder Dale Pollak will be speaking on the company’s new inventory tool Provision at the upcoming National Automobile Dealers Association convention in Las Vegas. During a series of workshops, Pollak will focus on revealing a new approach to sourcing and selling used vehicle inventory for maximum profitability, officials noted. [Read More]

One nominee had a modest start in the car business, pumping gas and fixing tires at age 10. Two others started at stores first opened by the grandfathers. In the next group of profiles of nominees for TIME Dealer of the Year Award, these store executives all share what’s important to them — in and […] [Read More]

With the annual gathering of franchised dealers dead ahead, Ally is ramping up its lease training on the heels of more than 7,700 dealer employees going through the program a year ago. The company highlighted attendees of Ally’s lease training sessions can learn about the complete value proposition of leasing and how it can meet […] [Read More]

Along with sharing Ricky Beggs’ latest wholesale market analysis, Black Book announced Tuesday that industry veteran Jeff Bunch joined the company as director of automotive licensing. In this role, Black Book explained Bunch will be responsible for leading its efforts to increase revenue growth from the licensing of Black Book data to dealers and companies […] [Read More]

American Auto Auction Group chief executive officer Steve Simon revealed who the company’s new chairman of the board of directors will be. And the name is a familiar one to remarketing professionals — Bill McIver. “We are very excited to announce the appointment of Bill McIver as AAAG’s chairman of the board,” Simon declared. “During […] [Read More]

On Tuesday, Kelley Blue Book formed relationship with Auction Genius, a Web-based software provider for dealers buying vehicles at auction.  Officials indicated the Kelley Blue Book Auction Value is now integrated into the Auction Genius product to help dealers make the best purchase possible.     With a combined screen view, dealers who use the Auction Genius […] [Read More]

Carfax revealed Tuesday that it has been tapped by Subaru of America to be the official vehicle history report provider under the automaker’s certified pre-owned program, which has required dealers to run a Carfax report on every CPO vehicle since 2005. Every certified Subaru comes with a Carfax report. The automaker is one of 32 […] [Read More]

With today’s “savvy” and research-minded car-shopper, offering transparency has become increasingly important for dealerships, and bearing this in mind, a pair of AutoTrader.com executives aim to show dealers how they can connect to these shoppers through such transparency. [Read More]