American Honda Motor Co. recently revealed its No. 1 U.S. Honda volume dealer for 2011 and taking top honors was Norm Reeves Honda Superstore Cerritos, which is located in the Los Angeles market. Interestingly enough, the dealership was ranked No. 3 in the nation for certified pre-owned sales, and will be honored in the Feb. […] [Read More]

AutoNation said on Thursday that its January new-vehicle retail sales performance represented a 7-percent rise above the same month last year. All told, the company’s stores turned 15,966 new models in January. Breaking down that total, AutoNation indicated the figures for its three operating segments were as follows: —4,894 units for domestic, up 4 percent […] [Read More]

The new year began on a positive note for both foreign and domestic nameplate dealers, according to the American International Automobile Dealers’ Market Watch report. Overall sales even saw a double-digit rise year-over-year, climbing by 11.4 percent. And this high sales rate bodes well  for the industry, as experts increase their SAAR predictions for the […] [Read More]

Three nominees seized opportunities to enter the industry when dealerships came up for sale. And they have flourished ever since. In the final group of profiles of nominees for TIME Dealer of the Year Award, these store executives all share what’s important to them — in and out of the showroom. The awards program, which […] [Read More]

NEW YORK — With used-vehicle origination volume paving the way, Ally Financial leadership praised its fourth-quarter and full-year auto finance performance, as the company revealed its latest balance sheet readings this week. Officials tabulated that Ally's North American automotive finance operations, which include results for the U.S. and Canada, generated pre-tax income of $478 million […] [Read More]

CHARLOTTE, N.C. — LendingTree launched a new-vehicle lead program this week, expanding on its existing automotive finance business, LendingTree Autos. Through this program, the company explained, franchised dealerships now can leverage the brand of LendingTree Autos to market to consumers in the purchase process for new models. Officials said the purpose of their New Car […] [Read More]

CARMEL, Ind. — Just a short time after revamping its website, Automotive Finance Corp. today officially rolled out a mobile app designed to address its dealer customers' business needs. Officials highlighted that the AFC on the Go mobile app was developed after surveying customers about their mobile computing challenges. AFC's mobile app is available for […] [Read More]

GREENWOOD VILLAGE, Colo. — Auto Portfolio Services recently entered into an agreement with Prentice Acceptance Corp. to provide third-party loan servicing for their growing consumer finance portfolio. "Prentice chose APS for because of their ability to adjust to our unique requirements, their willingness to work with our growing portfolio, and their track record of success," […] [Read More]

The 2012 Auto Remarketing Canada conference presented by CarProof added another keynote speaker this week to complement its existing lineup of leading Canadian remarketing executives and dealers. Signing on to the conference lineup is Steve Coulman, national remarketing manager at BMW Group Financial Services Canada. He joins an April 17 keynote panel that includes: —Claudio DeAngelis, […] [Read More]

Mercedes-Benz Financial Services Canada president and chief executive officer Brian Fulton has been chosen to head up financial services in China; and appointed to take his place in Canada is Stefan Karrenbauer, the company announced earlier this week. The changes were officially effective on Wednesday. Karrenbauer most recently headed up operations development at Mercedes-Benz Bank […] [Read More]