The Berman DeValerio law firm announced earlier this week that the class-action lawsuits in the U.S. against the Canadian Automobile Dealers Association and Toyota Motor Sales USA have been settled. Per the agreements, Toyota will pay $35 million (USD) and CADA is paying $700,000. [Read More]

General Motors recently named a general director of used vehicle activities, marketing, fleet and commercial operations, Auto Remarketing learned. Taking on this position is Jennifer Costabile, a 25-year veteran of GM. She is responsible for GM’s remarketing activities and certified used operations, as well as leading the fleet and commercial organization’s advertising and marketing efforts. [Read More]

Along with his assessment of third-quarter financial performance and additional insight into this week’s acquisitions by ADESA, Jim Hallett shared his thoughts about where wholesale volumes are heading, encouraging vehicle lease trends and how a certain new-vehicle SAAR level could rectify many industry ailments. During the KAR Auction Services quarterly conference call with investment analysts […] [Read More]

Led by a 20-percent uptick for its domestic operating segment, AutoNation said Thursday that it posed a significant year-over-year gain in retail new-vehicle sales during October. Overall, the dealership group moved 17,530 retail new units for the month. This marked a 15-percent gain from the year-ago period. Breaking it down, the domestic operating segment had […] [Read More]

Chrysler revealed its November incentives this week, sharing the promotions that its dealer body can use this month to attract customers and spur sales. The automaker broke it down by division, beginning with its Ram Truck brand. Ram Truck [Read More]

With an encouraging SAAR level in sight, the American International Automobile Dealers Association didn’t hesitate to declare October the most successful month of the year for the new-vehicle sales. The associated indicated Thursday that October sales moved higher by 13.4 percent against the same month a year ago. For the year, AIADA said overall sales […] [Read More]

With volumes increasing and cost-containment measures proving to be beneficial, Avis Budget Group showed a double-digit spike in net income for the third quarter. Specifically, Avis Budget’s net income improved 58 percent year-over-year to $90 million. When restructuring and transaction-related costs are taken out of the equation, adjusted EBITDA came in at $219 million, up […] [Read More]

Cars.com plans to use its next DealerADvantage Live Webinar to share strategies of two successful dealership general managers who used online sales to boost store profits. The free workshop titled “Internet Management: Successful GMs Share Their Secrets” is scheduled to begin at noon EST on Nov. 12. Set to join the panel discussion are Andrew […] [Read More]

CarMax is looking for more than 1,200 people to fill a variety of positions with the used-car retailer throughout the country.  The company is conducting this recruitment to meet seasonal staffing needs and to be ready for its upcoming expansion. Most of the positions are for sales and services operations (detailers and experienced technicians), but CarMax is […] [Read More]

It is likely that October’s new-vehicle sales pace will have been little bit stronger than anticipated, according to KeyBanc Capital Markets senior automotive analyst Brett Hoselton. He said the industry remains on track to reach a fourth-quarter seasonally adjusted annualized rate of 12.6 million units. [Read More]