Down “severely” in its two biggest markets because of the continuing aftermath of the earthquake earlier this year, Toyota’s global sales fell more than 18 percent during the first half of fiscal 2012, the automaker said Tuesday. [Read More]

Significant year-over-year gains in revenue and income during the third quarter prompted DealerTrack Holdings to raise its 2011 financial performance guidance. This week, DealerTrack revealed its third-quarter revenue came in at $95.8 million as compared to $63.1 million a year earlier. As a result, the company’s third-quarter GAAP net income settled at $5.4 million, up […] [Read More]

After releasing the Foursquare Quick-Start Guide for auctions this past May and receiving considerable interest in the tutorial, AutoTec revealed this week a version for dealers, designed to take an in-depth look at how rooftops can use the social networking site to their advantage. "Based on the overwhelmingly positive feedback we got from auctions, we knew […] [Read More]

With wholesale supplies still being pinched by factors dealers are well aware of, the Manheim Used Vehicle Value Index moved down only marginally in October. Manheim revealed Monday that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) ticked lower from both the previous month and the year-ago level. The October index […] [Read More]

Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating “the premium customer experience is even more seamless with available financing and exceptional service” from this new company. All customer touch points — contracts, invoices and customer service support — now are […] [Read More]

NCM Associates launched a new, free information and training resource for dealers and their managers Monday. The NCM Institute Center for Automotive Retail Excellence rolled out a new blog and e-newsletter called Up To Speed. Director Garry House explained the online products will feature informational articles from the entire NCMi faculty on topics including merchandising […] [Read More]

Westlake Remarketing has named its top auctions for the third quarter, with the title of Top Overall Auction and Most Improved Auction going to Kansas City Independent. Bill Walters, vice president of remarketing for Westlake, commented on the honoree, noting, “We are pleased to name Kansas City Independent as our Top Overall Auction and Most […] [Read More]

If you have ever taken a ride in the backseat of a taxi cab – or a police car, for that matter – there’s a fairly good chance it was in a Ford Crown Victoria. But someday that won’t be the case. Yahoo Autos counts the Crown Vic among the 14 vehicles being retired at […] [Read More]

In an effort to better reach the growing Latino population, Yahoo and the Ram Truck brand have teamed up to launch "La Banda Ram," a dedicated Mexican regional music channel. The channel can be accessed through  Yahoo en Español’s omg site, and offers programming, music news and "lifestyle-relevant Ram Truck brand integration," officials explained. [Read More]

DEARBORN, Mich. — Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating "the premium customer experience is even more seamless with available financing and exceptional service" from this new company. All customer touch points — contracts, invoices and customer service support […] [Read More]