NEW YORK — Forbes.com recently published a list of what it considers to be the most affordable 2010 luxury vehicles, and taking the top spot was the Volvo C70 T5, which was estimated to have a five-year ownership cost of $51,140. Volvo led the way with three units making the list — S80 T6 at No. […] [Read More]

CHICAGO — Automotive Internet Media on Tuesday launched a revamped version of Autosales.com to help get dealers' sites to rank higher when a consumer conducts a search via Google or Yahoo. The newest edition of Autosales.com is geared to deliver more potential leads that dealers might not catch because search results, perhaps, were not in their favor. Company officials contend […] [Read More]

TORRANCE, Calif. — Honda joined the long list of automakers Tuesday that have pledged a significant donation toward earthquake relief efforts in Haiti. The manufacturer has earmarked a donation to the American Red Cross of more than $300,000. Furthermore, the company has given portable generators, water pumps and other Honda products for use during humanitarian relief […] [Read More]

IRVINE, Calif. — While the industry's lease penetration rates haven't been at their typical 20- to 22-percent levels and might not necessarily return to the "high-flying days," Kelley Blue Book's James Bell suggested that smart's announcement that it is entering the leasing market could be indicative of some good signs. Bell, executive market analyst for Kbb.com, […] [Read More]

CHICAGO — In an effort to pinpoint specific vehicles that best match typical consumer behaviors and tastes, Cars.com recently made choices for its 2010 Lifestyle Awards. The vehicle the site picked as its Family Car of the Year is the 2010 Ford Flex, while its Work Car of the Year was another vehicle from Ford, the 2010 […] [Read More]

FRANKLIN, Tenn. — Similar to other organizations in the auction industry, ServNet Auction Group applauded and unanimously supported the National Auto Auction Association's revamped arbitration policy at its annual business meeting last month and adopted it at its auctions effective Jan. 1.  "While all of the ServNet auctions agreed to adopt the Arbitration Policy in principal following […] [Read More]

SANTA MONICA, Calif. — During this time of year, when the auto market is in the midst of a traditionally slow season and automakers are less apt to offer incentives, dealers are often more inclined to include discounts to help spur sales, according to TrueCar. In light of this environment, TrueCar, as part of its monthly TrueTrends […] [Read More]

DEARBORN, Mich. — Late last week, the Automotive Hall of Fame honored five industry executives with 2010 Distinguished Service Citations and announced its 2009 Industry Leader of the Year. Among all the recipients, chief executive officers at two automakers were honored, as Hyundai Motor America president and CEO John Krafcik earned a Distinguished Service Citation and […] [Read More]

BURLINGTON, Vt. — Last year was enormously successful for Dealer.com, according to company officials. In fact, the company posted the highest growth rate in its 12-year history, they said. To be specific, company executives calculated that Dealer.com's five-year revenue growth rate spiked to a whopping 675 percent in 2009. Besides the financial standing, Dealer.com also touted its […] [Read More]

COLUMBUS, Ohio — A total of five Ohio credit unions have decided to integrate an online vehicle shopping solution from Aimbridge Indirect Lending of Ohio into their list of available services. Among the organizations that opted to make WhereMembersBuy.com accessible to members are Directions Credit Union, Cintel Credit Union, CME Credit Union, Champion Credit Union and […] [Read More]