So far this month, although new retail sales have picked up the pace from June and May, various downward pressures appear to be keeping sales at bay. The market still hasn’t returned to the strength it saw during the first few months of 2011, according to J.D. Power and Associates. The firm is forecasting July […] [Read More]

As the site pinpointed the best day in July to acquire a new vehicle, TrueCar.com also highlighted this month’s best purchase and lease deals being rolled out by OEMs. Based on data from its latest TrueTrends Report, TrueCar.com believes July 30 is the best day for consumers to hit franchise dealers. After scouring cash, finance […] [Read More]

In an attempt to help dealers better capitalize on the ever-growing accessories marketplace, Chrome Systems introduced an enhanced version of its Accessories Web Service. The company highlighted this new solution can allow dealers and their portals to capture leads and revenue by displaying, promoting and up-selling accessories at strategic customer touch points, including in social […] [Read More]

Saab announced Thursday that the date to resume production at its Trollhattan plant will be postponed until late August, at the earliest. The automakers recent proposal to restart production Aug. 9 was delayed because of a failure to secure the necessary parts from suppliers. An industry-wide summer break that affected a large amount of the automaker’s […] [Read More]

About eight months after rolling out its initial public offering, General Motors revealed a quarterly dividend on its preferred stock this week. GM’s board of directors approved a $0.59375 per share divided on the company’s Series B mandatory convertible junior preferred stock, officials noted. Series B holders of record as of Aug. 15 will be […] [Read More]

So, they are perhaps not as mythical as Big Foot or unicorns. Black Book’s Ricky Beggs recently discovered while scouring the auction lanes that no sales actually do exist. During his weekly video report, “Beggs on the Used Car Market,” the managing editor then asked, “are floors being adjusted?” To explain his answer, Beggs began […] [Read More]

Kelley Blue Book’s Jack Nerad gathered his thoughts Wednesday and made a stiff rebuttal to the recent proclamation issued by the White House and federal regulators about future Corporate Average Fuel Economy standards. Nerad first recapped that automakers have been told they should roll out lineups with the CAFE levels reaching 56 miles per gallon. […] [Read More]

This week, the National Highway Traffic Safety Administration announced Ford’s voluntary recall of more than 25,000 trucks, vans and SUVs to rectify a brake-light problem. The specific models included in this recall are: —Ford E-250 from the 2002 to 2007 model years. —Ford E-350 from the 2002 to 2007 model years. —Ford E-450 from the […] [Read More]

One particular element of the six-year “Nissan Power 88” global growth plan unveiled by the automaker late last month dealt with bolstering the worldwide presence of its Infiniti brand. Nissan explained that it aims for Infiniti to command a 10-percent share of global luxury market share and for its footprint to reach more than 70 […] [Read More]

Thanks to a recent deal it struck with Dataium, Asbury Automotive Group now has a package of tools at its disposal that can help effectively gauge shopper behavior throughout the dealer group’s various websites. Per the agreement signed by the companies, Dataium is offering its VisiCogn Knowledge Center and VisiCogn INSITE applications to Asbury. [Read More]