It’s official. The U.S. Treasury has agreed to end its ownership share in Chrysler, inking a deal late last week for Fiat to buy its remaining 6 percent interest in the Detroit automaker for $500 million. While this certainly is a landmark for the automaker, what kind of impact will it have in the long […] [Read More]

The Toyota Financial Services and Lexus Financial Services Premier Auction Awards were recently revealed, honoring a slew of auctions for excelling in operations, sales, retention and administrative performance. There were 10 awards doled out. Seven of those were from TFS and three were from LFS. The TFS awards were given to: ADESA Lexington Manheim Kansas […] [Read More]

Late last week, Donlen tapped a veteran executive to be its new director of strategic consulting and sustainability. Taking on the role is Amy Blaine, who brings to Donlen 20 years of experience building and managing complex consulting projects. Most recently, Blaine oversaw projects for ComEd where she redesigned the greenhouse gas reporting process to […] [Read More]

General Motors appointed a new director of national accounts for fleet and commercial operations to replace Bill Gibson, who announced his retirement last month. Assuming the role as of  Wednesday was Jeff Haag, who most recently was the fleet account executive in GM’s North Central Region, having been responsible for Minnesota, Iowa and the Dakotas. […] [Read More]

NADAguides recently named its Car of the Month for June and receiving the monthly honors was the 2011 Mini Countryman. Officials said the desicion was based on the vehicle’s European styling, ample space, sportiness and fuel efficiency. Besides impressing NADAguides analysts with comfort and style, Mini’s compact crossover also gained headway when its safety features […] [Read More]

Taking note of consumer’s on-the-go lifestyles, Ford and FordDirect — a joint venture between the automaker and its dealers — last week announced the launch of iPad and smartphone optimized versions of the Ford and Lincoln Build and Price online customer shopping tool. [Read More]

Canadian auto borrower debt for the first quarter jumped more than 12 percent year-over-year, but TransUnion indicated in its quarterly analysis one mitigating factor that is offsetting this moderate increase. Furthermore, auto delinquency rate was down, which is also good news. [Read More]

Although Canada’s new-vehicle sales dropped almost 4 percent in May — resulting in a rather soft annual sales pace — several automakers enjoyed record months. Import brands bore the brunt of the decline, falling 6.1 percent year-over-year in May, according to a sales chart provided by DesRosiers Automotive Consultants. [Read More]

Quorum Information Technologies, based out of Calgary, Alberta, has bulked up the Dealer Resource Center website that it rolled out earlier this year. The company has expanded the functionality of this customer-focused site per its efforts to allow dealers to better utilize the XSELLERATOR dealership and customer management system product. Officials believe that if dealers […] [Read More]

A top executive with Insurance Auto Auctions has added the role of company president to his duties. Insurance Auto Auctions said Thursday that chief financial officer John Kett will now also serve as president, while keeping his CFO duties. Chief executive officer Tom O’Brien, who had been serving as both president and CEO, will remain […] [Read More]