Wholesale

BANDON, Ore. — When explaining the softness in the used-vehicle market thus far in February, CNW Research pointed to the issues surrounding Toyota, suggesting that used sales and transaction prices seemed to "slip on Toyota's banana peel." Specifically, used-vehicle sales for February are expected to drop 1.8 percent from last year and used prices have dipped 1.3 compared to January. […] [Read More]

BOSTON — As Toyota owners see the value of their vehicles drop in connection with the automaker's recent recalls, many have sought legal action. Many are turning to Attorneys Toyota Action Consortium, which is a federation of consumer law firms filing lawsuits against the automaker. The group has already grown to 22 law firms, covering 16 […] [Read More]

ARLINGTON, Texas — Scott Lilja is taking his industry experience and background with the National Automobile Dealers Association to the National Independent Automobile Dealers Association. The NIADA has named Lilja as its new vice president of member services. He takes on this role as of March 1. NIADA is tasking Lilja with creating special programs for the association's […] [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]

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]

ORLANDO, Fla. — Dealers attending the National Automobile Dealers Association Convention in Orlando, Fla., recently spent a lot of time engaged with vendors and suppliers in the profitable pre-owned side of the business. Chip Perry, president and chief executive officer of AutoTrader.com, shared some feedback about what dealers can do to enhance their online marketing efforts. […] [Read More]

SCHAUMBURG, Ill. — Ford's strengthening retail position received another boost Wednesday when Experian Automotive released its customer brand loyalty analysis for the third quarter of 2009. Of the top five vehicles highlighted, Ford had four units in this contingent with a brand loyalty percentage of 56 percent or higher. The four vehicles in this cluster included […] [Read More]

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]