CARY, N.C. — Whether or not they were dealers for that automaker, readers went to AutoRemarketing.com this past week to learn more about Chrysler's decision to begin reinstating some franchise operations. Also drawing plenty of attention last week was news about a new online program enhancement rolled out by Manheim. The top five stories from AutoRemarketing.com last […] [Read More]

CHICAGO and BANDON, Ore. — The Cars.com Consumer Search Index demonstrated again that aggressive incentives given by Toyota in March paid off for the automaker. Meanwhile, CNW Research evaluated how much other manufacturers would have to give in order to capture the same incentive effect Toyota has enjoyed recently. Cars.com officials indicated that all but one […] [Read More]

CARMEL Ind. — ADESA Seattle executives noted that consistent outstanding customer service was the reason they received the 2009 Wells Fargo Auto Finance Award. ADESA Seattle explained that criteria used to select the winner was based on specific survey performance ratings collected from Wells Fargo team members. "I'm pleased to be able to recognize ADESA Seattle for their […] [Read More]

NEW YORK — On Thursday morning, the World Car of the Year awards were unveiled at the New York International Auto Show, and highlighting the awards program was Volkswagen, which earned top honors for the second straight year. VW's Polo model was named 2010 World Car of the Year, while the 2010 World Green Car was given […] [Read More]

CALGARY, Alberta — Quorum Information Technologies was recently chosen by the Co-Auto Co-Operative — a cooperative buying group in Woodbridge, Ontario that includes more than 1,200 dealer members — to serve as its exclusive dealership management system provider.    The company began providing its XSELLERATOR DMS product to these dealers through the Co-Auto purchasing channel on Thursday. Officials said Co-Auto, […] [Read More]

TORONTO, Ontario — The Ontario Motor Vehicle Industry Council has hit Empire Auto Sales — an unregistered dealership — and its three owners (Dinesh Gathani, Alpa Gathani and Ankit Gathani) with a $7,000 fine for not disclosing the history of salvage vehicles it sold to unsuspecting consumers. OMVIC conducted an investigation and filed charges under the Consumer Protection […] [Read More]

MISSISSAUGA, Ontario — Mitsubishi Motor Sales of Canada is donating $100 from every vehicle it sells during April, May and June in the hope of raising more than $500,000 for Right to Play, an international charity based in Toronto that reaches out to children and communities via sports and play programs. Basically, Right to Play's programs aim […] [Read More]

RICHMOND, Va. — Though facing a challenging environment during its fiscal fourth quarter, CarMax saw its earnings and unit sales rise on a year-over-year basis for the third consecutive quarter, the company announced Thursday. Specifically, reporting on the fourth quarter ending Feb. 28, CarMax said its net income for the period was $75.4 million, up from […] [Read More]

BROOKFIELD, Wis. — Fiserv announced this morning that it has launched enhanced risk management capabilities in its next-generation Automotive Loan Origination System. Basically, the enhanced program is designed to empower auto lenders to provide fast, consistent customer credit decisions. "We have incorporated business rules management technology into the software to reduce operational risk for automotive loan […] [Read More]

IRVINE, Calif. — Along with revealing its operating results for the fourth quarter and all of 2009, Consumer Portfolio Services announced it entered into another new financing facility worth $50 million. Company executives indicated that the facility is structured similarly to an unrated term securitization transaction with an extended pre-funding period. They explained that it allows […] [Read More]