DEARBORN, Mich. — Although its net income grew in the fourth quarter, Ford Motor Credit revealed Friday that its 2011 net income softened slightly from what it compiled a year earlier. Executives reported their net income settled at $1.8 billion in 2011, compared with $2 billion during the previous year. On a pre-tax basis, Ford […] [Read More]

DALLAS — While also highlighting the company's revamped website, Automotive Finance Corp. announced a new national floor planning promotion this week. During festivities at the company's official 25th anniversary celebration hosted at ADESA Dallas, AFC said it is giving away free floor planning for a year to one lucky AFC dealer. Officials noted the announcement […] [Read More]

ARLINGTON, Texas — The National Independent Automobile Dealers Association has appointed a legislative/regulatory/compliance counsel, revealing Wednesday that Mac Murray, Peterson & Shuster LLP has taken on the role. The New Albany, Ohio, firm is headed up by Betty Montgomery, who is a former two-term Ohio Attorney General and state senator. Officials said she brings an […] [Read More]

ATLANTA — Expanding more on the recent deal to buy Dealer Services Corp., Patrick Brennan, group vice president for Manheim Financial Services, told SubPrime Auto Finance News today that at first, dealers and clients won't see many changes. Business will remain as usual. However, over time, as MFS sees where integration can work, perhaps in mobile […] [Read More]

The Auto Remarketing Canada conference — which has recent opened early registration — announced more speakers this week, revealing that Foss National remarketing manager Claudio De Angelis and Brian Murphy of J.D. Power and Associates have joined the already stellar lineup. [Read More]

Close to $528,000 was raised earlier this month for five Montreal-area hospital foundations during the Montreal International Auto Show Charity Preview evening. The Montreal Automobile Dealers Corp. Foundation and the Palais des congrès de Montréal presented the event, which generated funds for Fondation du CHUM, Montréal Sacré-Coeur Hospital Foundation, The McGill University Health Centre Foundation, […] [Read More]

With many drivers not maintaining their vehicles as much as they perhaps should, the Canadian auto aftermarket is missing out on close to $12 billion in maintenance service opportunities, according to the Automotive Industries Association of Canada. As such, the group says its recent report can help businesses take advantage of this untapped potential. [Read More]

The National Independent Automobile Dealers Association has appointed a legislative/regulatory/compliance counsel, revealing Wednesday that Mac Murray, Peterson & Shuster LLP has taken on the role. The New Albany, Ohio, firm is headed up by Betty Montgomery, who is a former two-term Ohio Attorney General and state senator. Officials said she brings an extra level of […] [Read More]

Auto Remarketing’s LinkedIn community has not only kicked off 2012 with a new membership milestone, it has added a subgroup for readers of its Auto Remarketing Canada publication. As for the landmark membership tally, Auto Remarketing now has more than 2,000 members in its LinkedIn group. What’s more, since its recent launch, the Auto Remarketing […] [Read More]

For dealers, service visits serve as a way to interact and check in with current customers — a convenient way to foster customer loyalty. And Women-drivers.com has just released a list that shows which dealers are succeeding in providing superior service after purchase, according to female customers’ ratings. Topping the list of highest ranked servicing […] [Read More]