AutoRevo recently rolled out a new corporate identity to accompany a product update, a new website and service offerings like search-engine optimization and e-mail marketing. “The idea of rebranding AutoRevo was raised in the fall of 2010, when it was clear that we were transitioning to a company with a broader product line and premier […] [Read More]

Audi of America recently chose NCM Associates to provide 20 Group services to a select cluster of U.S. franchise dealers. Officials explained the Audi Peer Consultation Groups will be comprised of non-competing Audi A8 Flagship Program dealers who desire to collaborate with their peers around operating performance excellence and profit maximization using NCM’s Benchmark for […] [Read More]

Dollar Thrifty Automotive Group performed better financially in the first quarter than its management initially expected, and although the company certainly took a hit from the winter storms that gripped much of the country in January and February, Dollar Thrifty’s top boss says the industry is poised for a good summer. Overall, the company posted […] [Read More]

While still contending with disaster turmoil in its homeland, Toyota decided to support the American Red Cross with a donation of $1 million. The funds have been directed for relief efforts to help victims of the recent outbreak of tornados in the Southern, Midwestern and Eastern regions of the United States. Furthermore, Toyota announced it […] [Read More]

During the same week General Motors reported that it posted more than $3 billion in first-quarter net income, the automaker decided to invest $131 million in the Bowling Green Assembly plant to support production of the next generation Chevrolet Corvette, adding about 250 jobs. “This is a significant day for anyone who believes that America […] [Read More]

Dealer consignment conversion rates shared by KAR Auction Services chief executive officer Jim Hallett Wednesday reinforced likely dealer observations — how units in these ADESA lanes are going to store inventory and not head back to the auction’s storage facility. In years past, dealer consignment units might have converted at 40 to 45 percent; however, […] [Read More]

Though static on a year-over-year basis, wholesale prices climbed 4 percentage points from March, according to OPENLANE. The company said Wednesday that it saw sequential growth in three of its four segments. Specifically, the company’s U.S. Market Index in April was at 109, compared to 105 during March. There were gains in the car, minivan and SUV […] [Read More]

InspectMyRide and eBay Motors unveiled details of their new relationship Wednesday, an agreement that can provide online shoppers the opportunity to obtain a comprehensive independent vehicle inspection performed by a qualified professional before the point of sale. Contained within each listing on eBay Motors is an order form for a vehicle inspection, regardless of where […] [Read More]

Although it remained positive this past week, the wholesale market was “just not as aggressive” as it had been in recent weeks, according to Black Book managing editor Ricky Beggs. Of all the wholesale value adjustments the company made in the past week, less than 53 percent were upward. The proportion of positive adjustments has […] [Read More]

Import automakers saw their April sales climb double digits on a year-over-year basis, with particularly strong sales being spotted in the smaller segments, according to the American International Automobile Dealers Association. Citing statistics from AutoData Corp., AIADA indicated that import brands moved 619,629 units during April, a 14.7-percent hike from the year-ago period, although down […] [Read More]