Chevrolet revealed today it will be involving its fans and customers in its 100th birthday celebration. As the countdown to the big day — Nov. 3 — begins, the automaker will be encouraging its followers to vote for their favorite Chevy cars and trucks and “take the birthday party to their communities with the help […] [Read More]

Reporting second-quarter earnings on Tuesday morning, three of the country’s largest dealer groups — Asbury Automotive Group, Group 1 Automotive and Sonic Automotive — enjoyed lifts in their used-car operations from a year ago, helping all three succeed in an auto environment that was limited due to the Japanese disasters. [Read More]

Though the company still incurred a net loss in the second quarter, Chrysler’s top boss was upbeat about the automaker’s progress and where it may be headed. When quarterly results were released Tuesday — which marked the first time Chrysler and Fiat have unveiled results together — not only was Chrysler’s progress highlighted, but officials […] [Read More]

Ford’s second-quarter results released Tuesday revealed that the automaker’s North American wholesales in the second quarter came in at 736,000, up 77,000 from a year ago. This is some good news for auctions that have been seeing lower wholesale volumes for some time. Moreover, North American revenue came in at $19.5 billion, up $2.6 billion […] [Read More]

Does the Internet mean the end of solid gross profits? This is a question every retailer faces, but retailers in other industries understand their higher and lower margin products. In the auto industry, dealers traditionally haven’t thought about having high and low margin products in their pre-owned cars. Therefore, the first step towards earning high […] [Read More]

Automotive finance and insurance product company JM&A Group announced Tuesday the launch of a new plan designed for lease and short-term vehicle owners. Term Care Select offers drivers mechanical failure protection on the majority of mechanical components, as well as wear-and-tear coverage on items such as brake pads, batteries, headlamps, belts and hoses, fuses, light […] [Read More]

The Columbus Fair Auto Auction recently announced it has brought a new member aboard its sales management team. Tapped for the position is Gary Burkeen, who brings 25 years of experience in the retail and wholesale car business to the company. Burkeen, who previously served for eight years as the dealer sales manager for Manheim […] [Read More]

Multimedia and video marketing technology company Liquidus announced Tuesday the launch of its new Socialink Facebook application that can help enable dealers to deliver engaging, customized video of every vehicle in inventory to an audience of potential buyers on Facebook. Socialink provides an interactive, multimedia marketing opportunity for dealerships looking to tap into a larger […] [Read More]

Chrysler and Ford both apparently slashed incentives by almost 20 percent year-over-year during the second quarter, according to TrueCar. The company is also predicting that each automaker will see sales climb from a year ago, although Chrysler’s surge is believed to be much more significant. These topics and more could be on the table this […] [Read More]

Online auto shopping activity is on the rise and could be leading to a climb in floor traffic for dealers. After two consecutive months of decline, the Dataium Auto Shopper Intensity Index turned upward in June, indicating stronger sales volumes for the industry during the next 45 to 60 days. Highlights from June’s ASI index […] [Read More]