BENTONVILLE, Ark. — Buy-here, pay-here auto group America's Car-Mart enjoyed strong revenue and retail sales improvements along with decreases in charge-offs during both its fiscal third quarter and nine-month time spans. In the third quarter that wrapped up Jan. 31, Car-Mart executives indicated net income shot up to $6.3 million from $3.6 million in the prior-year […] [Read More]

SCHAUMBURG, Ill — While most new-car loans fall into the prime credit category, an Experian Automotive executive recently pointed out that loans for subprime customers are still out there, particularly in the used-vehicle market. "While the lion's share of the new-car market is being driven by prime lending, loans for subprime customers are still out there, […] [Read More]

DETROIT — In a SEC filing this week, GMAC reported that chief financial officer Robert Hull has decided to leave the company at the end of March. GMAC said in the SEC filing it will conduct an internal and external search for potential CFO candidates in the interim. A company spokesperson confirmed that Hull is leaving, […] [Read More]

FORT MYERS, Fla. — "We're trying to do more with less." That's the motto by which O'Brien Hyundai has thrived, as of late, as the auto environment and a downtrodden economy continue to present challenges, said the store's general manager, Gary Matern. "That's what most manufacturers and businesses are trying to do," he told Auto Remarketing in […] [Read More]

IRVINE, Calif. — Kelley Blue Book's Kbb.com released its list of Top 10 Family Cars for 2010 recently, and in some good news for domestics, six of the vehicles that made the rankings were from Ford or Chevrolet. Ford's 2010 Flex and Taurus models were on the list, as well as the 2010 Ford Fusion Hybrid. […] [Read More]

NEW YORK — The National Automobile Dealers Association revealed Tuesday that a speech by Chrysler Group chief executive Sergio Marchionne will kick off the Automotive Forum 2010. The event is sponsored by NADA and IHS Global Insight and hosted by the New York International Auto Show. It also will include more than 25 other top industry executives. […] [Read More]

STUTTGART, Germany — Daimler announced Tuesday that it has sold its equity interest in Tata Motors, and through this sale of its shares, the company will receive a cash inflow of roughly 300 million Euro. Daimler's 5.34 percent of the ordinary shares of the Indian auto company were bought by various groups of investors via the capital market. […] [Read More]

COSTA MESA, Calif. — Analysts from NADAguides.com recently picked their latest Car of the Month. The choice for March was a vehicle that's gained considered consumer interest during the last several weeks — the 2011 Hyundai Sonata. When making the selection, site analysts described the vehicle as the most innovative and fun-to-drive sedan Hyundai has ever built. […] [Read More]

ATLANTA — Used-vehicle demand and average asking prices were on a stable incline during February, according to AutoTrader.com. The company also indicated that due partly to wintry weather, most of the models showing the heaviest traffic increases via the site were heavy-duty 2500 series pickups. "The used-car market continued to hold steady, as both demand and […] [Read More]

CHICAGO — Mirroring trends from other industry outlets, officials from Cars.com spotted sharp declines in consumer interest sparking contact with dealers for several Toyota vehicles when analyzing February Web traffic. In fact according to the most recent Cars.com Consumer Search Index, six of the top 10 decreases were for Toyota models including RAV4, Corolla, Camry, Highlander, Prius and […] [Read More]