ATLANTA and WOODCLIFF LAKE, N.J. — As part of a new partnership with BMW Group Financial services, Manheim is distributing and remarketing all BMW and Mini company cars originating from the automaker's North American headquarters. And it appears to be paying off already, as the turn rate on these company vehicles has decreased from roughly 35 […] [Read More]

FAIRFIELD, Calif. — Copart recently announced that Willis Johnson will remain chairman of the company but will relinquish the title and responsibilities of chief executive officer to Jay Adair, who has been serving as the company's president. Moving up into the role as president will be Vincent Mitz, Copart's executive vice president. Copart also mentioned that […] [Read More]

HOFFMAN ESTATES, Ill. — Dealers who have lost their franchises have the opportunity to keep their businesses and facilities running through a new automotive program from Sears. Basically, through the Independent Sears Auto Center franchise program, dealers can run their own licensed Sears Auto Center, where they can center their operations on parts and services, over-the-counter […] [Read More]

BLOOMFIELD HILLS, Mich. — Penske Automotive Group noted strong gains during the fourth quarter in several areas, including income, total revenue and total retail units sold, when executives shared their most recent financials late last week. Penske revealed that its 2009 fourth quarter income from continuing operations was $19.3 million, which compares to an adjusted loss […] [Read More]

DETROIT — General Motors Fleet and Commercial Operation's Fleet Action Center reached a significant milestone at the beginning of last month. The center opened 2010 by responding to its 1 millionth call. Executives stressed that Fleet Action Center agents work quickly to respond and resolve fleet and commercial inquiries. They pointed out that the center is staffed […] [Read More]

HOFFMAN ESTATES, Ill. — The Dealer Services Group of Automatic Data Processing has rolled out four new solutions than can help dealers get the most out of mobile technology. Basically, ADP's Mobile Application suite allows dealers to capitalize on the growing usage of smart phones among consumers to improve how they reach out to shoppers and […] [Read More]

NEW YORK — Forbes.com recently named what it considers to be the safest 2010 small cars. The publication's list of seven vehicles was dominated by Asian brands, especially Honda, which had two of its models make the list. Explaining the list in more detail, Forbes.com's Hannah Elliot noted that the publication determined which vehicles made the […] [Read More]

CARMEL, Ind. — Automotive Finance Canada, which is the Canadian floor plan finance subsidiary of KAR Auction Services, recently entered into a securitization facility with a Canadian multi-seller conduit administered by an affiliate of a Canadian bank.   Thanks to this securitization, AFC Canada can access up to $75 million (CAD) in financing for loans to […] [Read More]

TORONTO, Ontario – A new board of directors for the Automotive Industries Association of Canada was elected by members at the recent 69th AIA Annual General Meeting in Toronto. The 14-member board is comprised of nine directors at large and the five members of the executive committee. The 2010 AIA Board of Directors includes the following: —President: […] [Read More]

DAYTON, Ohio — Under its recently extended partnership with BMW Group Canada, Reynolds and Reynolds will remain the exclusive provider of dealership management systems and other related services and products to the entire Canadian BMW and Mini dealer body. Reynolds and BMW Canada began their exclusive partnership in 2001. Officials said 40 BMW and 26 Mini dealers […] [Read More]