CINCINNATI — Dealer Specialties recently launched Mobile Marketing Solutions, a Web site and text messaging lead generator for dealers that can be integrated into an existing marketing strategy. Company officials explained that Mobile Marketing Solutions can deliver an informed and relevant lead resulting in a more profitable and faster sale. They noted that the solution includes […] [Read More]

CHICAGO — A trio of Chevrolet dealerships already have participated in a philanthropic program the brand is spearheading in Illinois. The program is aimed at connecting Chevrolet vehicles and volunteer manpower with charitable organizations through what's being called 2010 Illinois Chevy: Your Mission. Our Drive. The automaker explained that it's asking state residents to submit […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack will be hosting a Webinar on Tuesday to discuss what the company highlighted as five critical compliance issues that can pose liability risks for dealers. The five points that are to be covered during the sessions are: —Identity Theft Risks and the Red Flags Rule. —Safeguarding customer information and data breach […] [Read More]

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]