DETROIT — Giving its dealers another used-car selling point, GM Certified Used Vehicles rolled out a new nationwide incentive earlier this week on GM Certified Pontiac G6 models through GMAC Financial Services. In a program that began Tuesday and runs through March 31, GMAC is providing 3.9 percent APR financing for up to 60 months on 2005-2010 certified […] [Read More]

MEDFORD, Ore. — Sharing some preliminary results from the fourth quarter, Lithia Motors said Wednesday that it is expecting improvement in its adjusted earnings per share, but also noted that the company was downwardly impacted by product shortage and low inventory levels. Specifically, Lithia expects adjusted fourth-quarter diluted earnings per share to be between $0 and […] [Read More]

CARY, N.C. — Readers of AutoRemarketing.com came in droves to learn more about what further recommendations the National Auto Auction Association made concerning vehicles that should no longer be sold at auction. NAAA's recommendations stemmed from the ongoing turmoil surrounding certain Toyota units. Readers also were interested in General Motors officials giving their stance that the Pontiac […] [Read More]

RICHMOND, Va. — Halfway through a campaign utilizing Twitter, CarMax executives hailed the growth of followers they now have through the social networking site. CarMax indicated that its audience through Twitter has more than tripled since the campaign "Tweet Yourself to a New Ride" launched on Jan 4. The company has more than 5,700 new followers. Executives said that […] [Read More]

CARMEL, Ind. — ADESA announced that its information services subsidiary, AutoVIN, reached a new marketing agreement. The deal with Sword Apak is meant to join the companies' resources to raise awareness of each other's products and services, as well as referring prospective customers. Part of the Sword Group, Sword Apak has more than 30 years of […] [Read More]

LAKE SUCCESS, N.Y. — When the National Automobile Dealers Association Conference and Expo kicks off late next week, DealerTrack said is providing dealers with an additional benefit on top of the "Stimulus Package" that NADA is offering. As some may know, NADA is providing attending dealers and managers at the conference with a $200 voucher during registration […] [Read More]

HAYWARD, Calif. — In what is being called a double homicide, two men — including one Manheim employee — were killed this week outside of Manheim San Francisco Bay, The Oakland Tribune reported. Apparently, close to 5:30 Tuesday morning, someone called police about a possible hit-and-run victim at the auction. A security guard — which Manheim confirmed to Auto Remarketing was […] [Read More]

DETROIT — Dealership closings hit an all-time high last year, as the attrition level was eight times as high as the normal rate, according to Urban Science's Franchise Activity Report. Specifically, the number of dealers in the U.S. dwindled down to 18,841, an 8-percent decline, or 1,605 closings. Comparatively, 1 percent is what's typically considered a "normal" […] [Read More]

BLOOMFIELD HILLS, Mich. — In an early look at the company's fourth-quarter results, Penske Automotive Group's chairman said he is encouraged by a "strong" performance during the period that was boosted by the company's brand mix, solid results in its United Kingdom operations and cost-cutting strategies. Based on preliminary results, Penske predicts its income from continuing operations […] [Read More]

IRVINE, Calif. — Autobytel recently announced it brought back a former executive who will now serve as executive vice president of corporate development. Making his return to the company is Steve Lind, who has a total of almost 15 years of industry experience. For almost a decade, Lind worked at Autobytel, helping the company secure what […] [Read More]