OXFORD, Mass. — Central Mass Auto Auction welcomed new leadership recently, bringing in two new managers, both of which were previously at Ocean State Auto Auction in Rhode Island. Appointed to serve as general manager was Glenn Maurice, while Tom Balise was hired as general sales manager. "I am excited at the opportunity to grow Central […] [Read More]

WAVERLY, N.Y. — State Line Auto Auction recently commemorated 20 years of being a General Motors factory-sponsored auction, a relationship in which State Line AA says it has moved almost 240,000 GM units.  Late last month, during the GM sponsored sales, there was a celebration honoring dealers who had gone to the first GM sale on […] [Read More]

SCHAUMBURG, Ill. — Since events of last year so greatly altered how the industry behaves, Experian Automotive planned a free Webinar to share analysis about how much of an impact 2009 has left. The Webinar that will feature Experian's director of consulting and analytics Jeffrey Anderson is scheduled for May 5 at 2 p.m. ET. Anderson […] [Read More]

McLEAN, Va. — Capital One Auto Finance recently completed a survey to learn more about how truly interested consumers are in fuel-efficient and alternative-fuel vehicles. Turns out, the majority of consumers who participated are concerned about these attributes of their future unit. In fact, Capital One indicated that its survey revealed that more than half of […] [Read More]

DEARBORN, Mich. — Describing first-quarter results, Mike Bannister, chairman and chief executive officer of Ford Credit, said net income was bolstered in part by improvements in the used-vehicle auction markets. The company witnessed lower depreciation expense for leased vehicles thanks to higher auction values and a lower provision for credit losses, offset somewhat by lower volume. Specifically, the […] [Read More]

DETROIT — While perhaps not surprising, Toyota is highlighting the way with strong deals in financing this month, while General Motors and Chrysler are apparently not far behind, according to Gary Hoffman, a correspondent for AOL Autos. "In much of the country, for example, there are long-term contracts with zero-percent rates on Toyota's Avalon, Camry, Corolla […] [Read More]

MEDFORD, Ore. — Though Lithia Motors' net income fell by almost 5 percent in the first quarter, the company said it still saw improvement in adjusted earnings per share and enjoyed a significant lift in quarterly revenue, especially on the used side. Specifically, Lithia recorded first-quarter net income of $1.27 million, down from $1.33 million in […] [Read More]

TULSA, Okla. — Just days after Hertz Global Holdings signed an agreement to buy it, Dollar Thrifty Automotive Group reported on Wednesday that the company posted its most profitable first quarter in its history. Company executives revealed in an abbreviated conference call that Dollar Thrifty's net income for the first quarter was $27.3 million, or $0.91 […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana this week named a new chief financial officer to replace Marty McFarland, who became the company president back on Jan. 1. Taking on the role with more than two decades of experience is David Horan. "After an in depth search, we landed on a solid fit as David […] [Read More]

WALTHAM, Mass. — DealerRater, a dealer review Web site, recently conducted a poll to learn the most important element to consumers among six common vehicle shopping factors. Choosing from hassle-free shopping, low price, prompt attention, location of dealer, service promise and dealer reputation, site officials indicated that the majority selection was hassle-free shopping. DealerRater revealed that […] [Read More]