Pick a line on its financial statement — operating profit, revenue, worldwide deliveries — and Audi Group posted superlatives that helped the luxury automaker wrap up the 2010 fiscal year with record results. Company executives revealed Tuesday their 2010 operating profit spiked by 108.2 percent to 3.340 billion Euros, up from 1.604 billion Euros during […] [Read More]

Toyota holds its Global Vision conference today, where it is expected the automaker will delve into its future goals for worldwide operations, according to Edmunds.com. The site went on to share many of the strides Toyota has made this year — including especially robust February sales and a rosier outlook for the company’s operating profits […] [Read More]

Brand Keys — a brand and customer loyalty and engagement consultancy out of New York — recently released its 2011 Customer Loyalty Engagement Index, which honored companies in 79 categories, including automakers. The index once again awarded the top automotive ranking to Hyundai, which celebrated its second straight year of winning in the category. “The […] [Read More]

Carfax is hosting a free online seminar later this week that will teach dealers the most ideal strategies to evaluate inventory. The latest Webinar in the PowerUp series will feature DealerTrack’s Dennis Carey and Carfax’s Chad Goodson. It is scheduled for noon on Friday. The Webinar will delve into inventory management tools and best practices. […] [Read More]

Group 1 Automotive broadened its dealership footprint in the Dallas market this week. Executives revealed the dealership group has acquired Metro Volkswagen in Irving, Texas. The company said the dealership will augment Group 1’s four existing dealerships in the Dallas-metro area. The rooftop is expected to generate approximately $25 million in estimated annual revenues. “Volkswagen […] [Read More]

During February the industry’s certified pre-owned sales continued the momentum from the solid start to 2011 and posted double-digit year-over-year gains. February, of course, also was a month where fuel costs surged and a few automakers offered their perspectives to shed some light on how the CPO market is faring during this gas-price surge. [Read More]

The Manheim Used Vehicle Value Index made its first downward movement in five months while posting the greatest month-over-month decline since last July. Manheim determined that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped 1 percent in February after rising in each of the previous five months. The company said that […] [Read More]

Joining forces with some of Canada’s key remarketers, several of Canada’s top dealers will be will be on hand at the Auto Remarketing Canada conference, presented by CarProof, sharing their thoughts on some of the experiences and best practices that have helped propel them to the top of their industry. The most recent addition to […] [Read More]

Shopper analysis by AutoTrader.com and Kelley Blue Book showed consumers don’t appear to be taking climbing fuel prices lightly. As the average price of gas approaches $3.50 per gallon nationwide, the majority of vehicle shoppers at both AutoTrader.com and Kelley Blue Book’s Kbb.com are seriously considering fuel prices during the process. AutoTrader.com found on its […] [Read More]

Copart revealed Monday that it has bought a privately held auction company in Indiana called Barodge Auto Pool in a move officials said allows Copart to further bolster its footprint in the Midwest. Thanks to its acquisition of the Hartford City, Ind.-based company, Copart can broaden its reach to include Indiana suppliers. Moreover, it also […] [Read More]