TULSA, Okla. — Dollar Thrifty Automotive Group said Wednesday it achieved record fourth-quarter profit to close 2009, as the company celebrated its fourth straight quarter of making strides in its financial performance compared to the prior-year period.  Specifically, Dollar Thrifty's net income during the fourth quarter was $11.5 million, up from a net loss of $72.2 million the […] [Read More]

AUBURN HILLS, Mich. — Chrysler executives cheered for an Arkansas dealer who recently received the coveted Time Dealer of the Year Award. The 2010 winner is Scott Wood, owner of Scott Wood Chrysler, Jeep, Dodge in Batesville, Ark. Wood has been in the retail industry his entire career. He recounted that it began "with a broom, […] [Read More]

SEATTLE — Cobalt recently unveiled the first of several enhancements to its dealership Web site platform that are designed to help dealers and automakers take advantage of social media's rising prominence and use it to promote brand enthusiasm and engage dealers with their respective communities. Officials explained that this upgrade offers dealers a pragmatic approach to connect with […] [Read More]

DETROIT — GM Certified Used Vehicles announced Tuesday that it has expanded its CPO lineup to include Saturn. Certified Saturn units from model years 2005 through 2010 can now be bought at the 3,400 Buick, Chevrolet and GMC GM Certified Used Vehicles dealers throughout the U.S., and these vehicles will include the 12-month/12,000-mile (whichever comes first) bumper-to-bumper warranty from […] [Read More]

WASHINGTON, D.C. — In a new development in what seems to be an ever growing saga surrounding Toyota, the National Highway Traffic Safety Administration came out Tuesday saying that it is launching a probe to discover if the automaker launched three of its recent recalls in a timely fashion. The NHTSA said it is calling upon […] [Read More]

ATLANTA — Used retail prices continued to surge in January, according to AutoTrader.com, which said that 18 of the top 20 most searched-for used units on the site saw their average prices increase from the year-ago period.  Moreover, 12 of the 20 most popular used vehicles on AutoTrader.com showed double-digit price gains from the prior year. […] [Read More]

SANTA MONICA, Calif. — In the February TrueTrends data from TrueCar, the company touched upon a wide array of industry topics, but one of the key features this month was the Toyota recall and how other automakers may have gained from Toyota's troubles. Apparently, almost all models that can be considered in Corolla's competitive set gained more […] [Read More]

ANDERSON, S.C. — Executives from Carolina Auto Auction enjoyed the chance to celebrate in Denver recently when CitiFinancial Auto presented them with its Auction of the Year Award. Owners Henry and Patty Stanley accepted the honor with much gratitude in light of a conversation with Layne Weber of CitiFinancial Auto. The Stanleys promised Weber and CitiFinancial […] [Read More]

SAN FRANCISCO and CAMBRIDGE, Mass. — In the wake of widespread recalls by Toyota, consumers have become much more apt to consider rival brands, especially those from domestic automakers. And it appears the two brands gaining the most interest at Toyota's expense are Chevrolet and Ford. In fact, a recent Jumpstart Automotive Media survey indicates that […] [Read More]

CARMEL, Ind. — Under a new agreement between the companies this week, Autoniq, a service provider of used-car information over smartphones, will now provide ADESA run list information to its subscribers. "We are extremely excited to be working together," stated Thomas Marr, president of Autoniq. "Dealers specifically ask for ADESA run list information because it gives them […] [Read More]