In breaking news this morning, Cox Enterprises revealed that Manheim’s Dean Eisner is retiring this summer and that a new president of Manheim has been appointed. Picked to fill that position is Sandy Schwartz, who has been with Cox for more than 25 years, including his most recent post as president of Cox Media Group. [Read More]

Interestingly, Consumer Reports recently claimed that buying a used vehicle might be better in some cases than buying new. In its annual auto issue to be released next week, Consumer Reports shared the "Best of the Best" used vehicles from model years 2001 through 2010, and dominating the list were Toyota and Honda vehicles. [Read More]

Just a few months after eclipsing the 500 member mark on LinkedIn, Auto Remarketing achieved another social-media milestone last week. The used-car and remarketing media brand reached 750 LinkedIn members and, as of press time, its membership had climbed to 760. Auto Remarketing’s digital presence also includes helpful resources specifically for dealers who are interested […] [Read More]

Apparently, many shoppers don’t necessarily have an accurate perception on what kind of profit a dealer gains from a car sale, according to a survey from TrueCar. Apparently, the overwhelming majority of shoppers desire to know what others paid for vehicles they are considering, as well. In fact, more than half (55 percent) of shoppers said […] [Read More]

Insurance Auto Auctions broadens its coverage in South Carolina Monday by opening its third location in the state. Seen as a complement to facilities in Charleston and Greenville, IAA started business in Columbia, South Carolina’s capital city. Insurance Auto Auctions’ Columbia branch is located at 1416 Atlas Road. In keeping with the company’s green philosophy […] [Read More]

The National Independent Automobile Dealers Association — along with governmental advocacy firm Federal Advocates Inc., of whom NIADA is a client — has two meetings later this week with a few major players in Washington, D.C., to discuss how federal decisions are made and how these moves affect independent dealers. On Friday, NIADA will have a […] [Read More]

BMW of North America recently highlighted 32 of its 338 franchise dealers nationwide and designated each store that captured the nod a 2011 Center of Excellence. The automaker insisted these stores were tapped based on high customer satisfaction, outstanding brand representation, operational excellence and profitability. BMW pointed out that its dealer network continues to invest in sales […] [Read More]

Ford recently announced it’s expanding the reach of its voice-controlled connectivity system SYNC as the automaker stretches its vehicle lineup through Europe. The company contends its technology now will be available in more languages than any other automaker offering voice control as both SYNC and MyFord Touch now can come in 19 languages, including: —U.S. […] [Read More]

SCHAUMBURG, Ill. — Payments flowing into all segments of auto lenders improved as 2010 came to an end. Experian Automotive's quarterly analysis of the vehicle credit industry revealed 30- and 60-day loan delinquencies exhibited sharp declines. During the fourth quarter, Experian discovered 30-day delinquencies dropped by 9.71 percent from 3.30 percent in the last quarter […] [Read More]

DETROIT — Ally Financial announced this week a new member of its board of directors has been selected by the U.S. Department of the Treasury. Coming on board effective immediately is John Durrett, 62, who currently serves as a strategic adviser to Serent Capital, a San Francisco-based private equity firm. Officials mentioned Durrett also sits […] [Read More]