LAKE SUCCESS, N.Y. — When the National Automobile Dealers Association Conference and Expo kicks off late next week, DealerTrack said is providing dealers with an additional benefit on top of the "Stimulus Package" that NADA is offering. As some may know, NADA is providing attending dealers and managers at the conference with a $200 voucher during registration […] [Read More]

HAYWARD, Calif. — In what is being called a double homicide, two men — including one Manheim employee — were killed this week outside of Manheim San Francisco Bay, The Oakland Tribune reported. Apparently, close to 5:30 Tuesday morning, someone called police about a possible hit-and-run victim at the auction. A security guard — which Manheim confirmed to Auto Remarketing was […] [Read More]

DETROIT — Dealership closings hit an all-time high last year, as the attrition level was eight times as high as the normal rate, according to Urban Science's Franchise Activity Report. Specifically, the number of dealers in the U.S. dwindled down to 18,841, an 8-percent decline, or 1,605 closings. Comparatively, 1 percent is what's typically considered a "normal" […] [Read More]

BLOOMFIELD HILLS, Mich. — In an early look at the company's fourth-quarter results, Penske Automotive Group's chairman said he is encouraged by a "strong" performance during the period that was boosted by the company's brand mix, solid results in its United Kingdom operations and cost-cutting strategies. Based on preliminary results, Penske predicts its income from continuing operations […] [Read More]

IRVINE, Calif. — Autobytel recently announced it brought back a former executive who will now serve as executive vice president of corporate development. Making his return to the company is Steve Lind, who has a total of almost 15 years of industry experience. For almost a decade, Lind worked at Autobytel, helping the company secure what […] [Read More]

ORLANDO, Fla. — As Toyota dealers scramble to respond to all the customer inquiries about potential pedal problems for their vehicles, ActivEngage announced it is providing stores with another way to communicate the latest news as it comes out from the automaker. Basically, via the company's live chat platform, dealers can now share recall information with their […] [Read More]

ST. LOUIS — Enterprise Holdings announced that it has now removed 83 percent of the approximately 35,000 recalled Toyota and Pontiac Vibe vehicles from its North American rental fleet on behalf of its Alamo Rent A Car, Enterprise Rent-A-Car and National Car Rental brands. Meanwhile, the company has also suspended sales of the affected models and […] [Read More]

SOUTH AMBOY, N.J. — The DCH Auto Group is looking for a healthier company outlook beyond just retail sales figures. The group recently launched a comprehensive wellness program for its employees and families. The program, called DCH Life Roads, incorporates a variety of strategies and plans intended to boost wellbeing. It also encourages employees to get […] [Read More]

PHILADELPHIA — VINtek enjoyed record growth during 2009 in numerous aspects of providing automotive collateral management and electronic lien and title services for lenders. As compared to last year's figures, company executives indicated that 2009 revenue jumped 67 percent and earnings spiked a whopping 161 percent. Aiding in those increases was a 20-percent rise in clients. […] [Read More]

DEARBORN, Mich. — Ford Motor Credit revealed specifics of its 2009 revenue turnaround and how a nearly $3 billion improvement occurred. The company posted a net income total of $1.3 billion last year. It calculated into an improvement of $2.8 billion, stemming from a net loss of $1.5 billion in 2008. Looking at the numbers on […] [Read More]