CARY, N.C. — Though originations levels are slowly coming back, many dealers are still struggling to set up financing for customers, especially for those with less than perfect credit. In response to this challenge, the Pre-Owned Automobile Dealers Alliance is offering help via a Webinar. The free Webinar titled "Getting the Pre-Owned Customer Financed" is scheduled for 2 p.m. EST on […] [Read More]

AUBURN HILLS, Mich. — In preparing for the U.S. launch of the Fiat brand, Chrysler is hosting a Fiat Experience later this month and has asked about 600 of its dealers to be at the event. These Chrysler stores are all located in one of markets where the automaker is looking to place the Fiat brand. Peter Grady, […] [Read More]

ATLANTA — Manheim and Dollar Thrifty Automotive Group broadened their remarketing relationship Tuesday. Officials revealed eight new Manheim facilities have been added to Dollar Thrifty's remarketing program. These locations include Manheim Chicago, Manheim Lakeland, Manheim Louisville, Manheim Ohio, Manheim Pensacola, Manheim Phoenix, Manheim San Francisco Bay and Manheim Texas Hobby. Officials emphasized Dollar Thrifty will offer […] [Read More]

ATLANTA — Porsche Cars North America has a new executive vice president and chief financial officer, the automaker revealed Tuesday. Taking the post is Thierry Kartochian, who takes over for Frank Hoffmann as he leaves the company to pursue other opportunities. Kartochian had been serving in concurrent roles as executive vice president of Porsche Business Services and […] [Read More]

DALLAS – USAVehicleFinder.com reached a new vehicle listing threshold Monday. Officials indicated the active listings on their site now total more than 1 million. While management said the website still is in its early stages of development, the team believes the new number marks a major milestone in building out the brand. To grow the listings as quickly as possible, […] [Read More]

MEDFORD, Ore. — Lithia Motors added a new store to its network that gives the automotive group a bolstered presence in Montana and the chance to reach more consumers through a regional hub. Lithia revealed this week that it has bought Prestige Toyota, a Billings, Mont., dealership that brings about $33 million in annual revenues into […] [Read More]

TRAVERSE CITY, Mich. — The General Motors of today is a faster-moving organization that doesn't waste time in making prudent decisions, the company's chairman and chief executive officer claims. In fact, the automaker puts forth the effort to make decisions that are smart for business, but is being quick about it, Edward Whitacre said last week during a speech at the CAR […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group's effort to join its domestic manufacturing brethren with encouraging progress during the ongoing industry turnaround took another positive step Monday. The automaker released its second-quarter results, which included gains in net revenue, operating profit and available cash. Executives indicated net revenue in the second quarter came in at $10.5 billion, […] [Read More]

ST. PAUL, Minn. — Defense attorneys convinced a Minnesota judge recently that a cruise control defect associated with a Toyota Camry, which was believed to make the vehicle accelerate uncontrollably, was enough evidence to set an imprisoned man free. In October 2007, Minnesotan Koua Fong Lee was convicted of criminal vehicular homicide and sentenced to eight years in prison. […] [Read More]

REDWOOD CITY, Calif. — Though still stronger for the most part on a year-over-year basis, the sequential weakening in wholesale prices became more evident in July, as the month-over-month decline became steeper, according to OPENLANE. The company's U.S. Market Index for July was 115, compared with 118 in June and 119 in May. "Overall weekly U.S. auction […] [Read More]