IRVINE, Calif. — In addition to revealing some auto financing trends, Kelley Blue Book announced it has teamed up with Bank of America and Autobytel's Car.com to provide shoppers with prime and non-prime finance options via Kbb.com. Thanks to the BoA partnership, Kbb.com surfers can now explore information on prime financing, estimated interest rates and even […] [Read More]

Carfinco Income Fund recently announced that 2010 was a record-setting year for the company. Carfinco achieved more than $20 million in net earnings for the year, and the return on the average unitholder’s equity for 2010 was 77.2 percent, beating Carfinco’s previous record of 55.3 percent set in 2005. Net earnings of $20.7 million for […] [Read More]

Kia Canada recently added Quorum Information Technologies’ XSellerator product as a recommended dealership management system for Kia dealers across Canada. The new integration features include electronic financial statement submission, parts ordering, warranty claims submission and parts file updates. Quorum also offers integration with Kia’s electronic parts catalogue. Quorum worked closely with Kia and a beta […] [Read More]

Chrysler announced today that its dealers are kicking off an eight-day promotion that encourages select Chrysler, Jeep, Dodge and Ram Truck owners to visit their local dealer for a test drive to receive a $25 gift card and a chance to win a new 2011 model. The customers are targeted via a mixture of traditional […] [Read More]

Conference organizers recently announced that several new names have been added to the agenda for 2011 Auto Remarketing Canada — Canada’s Used Car Conference, presented by CarProof. Those speakers include both dealers and remarketers and will contribute to a number of different panel discussions. The 2011 Auto Remarketing Canada conference will also feature a special […] [Read More]

This week, Asbury Automotive Group announced the close of the sale of its International, Hino, Isuzu, UD, IC Bus and Workhorse franchises to Rush Truck Centers of Georgia, a subsidiary of Rush Enterprises. In addition, Asbury also revealed the close of the sale of its Peterbilt franchise, which includes the dealership in Kennesaw, Ga., to […] [Read More]

With no clear scope as to  how far the wreckage and suffering from the fallout of last week’s Pacific earthquake and tsunami will spread, conditions remain rather treacherous in parts of Japan. Homelessness, power outages, food and water scarcity and the threat of nuclear meltdown may be abound in Japan right now, but just like […] [Read More]

In some good news that the luxury brand can likely use to highlight its lineup’s durability, Audi revealed earlier this week that two Minnesota men — each of whom owns a different model from the brand — have both reached a rather rare vehicle mileage landmark. Over the years, Don deChambeau, of St. Cloud, and Don […] [Read More]

In discussing the importance of customer loyalty and repeat business to his dealership, Larry Taylor — the dealer principal at Beau Townsend Ford Lincoln in Vandalia, Ohio — points to the book Raving Fans: A Revolutionary Approach to Customer Service by Ken Blanchard. While not specifically about the auto industry, Taylor said the book delves […] [Read More]

The Pacific quake and tsunami have wrecked havoc upon parts of Japan and danger continues to loom as at least three reactors were significantly unstable as of press time and government officials were urging many in impacted parts of the country to stay inside to avoid possible radiation exposure. But the disaster has also brought to light another potential challenge, albeit […] [Read More]