Despite some mixed results for foreign nameplates, the American International Automobile Dealers Association declared March as another successful month for the recovering U.S. market. AIADA pointed out new-vehicle sales of both international and domestic models exceeded many analysts’ predictions, finishing the month up 16.9 percent from March of last year. The association indicated some of […] [Read More]

In nine years since Edmunds.com analysts started to track average incentive amounts, never have they seen a dramatic drop like this. Edmunds.com estimated that the average automaker incentive in the U.S. was $2,346 per new vehicle sold in March. That figure is down $469 — or 16.7 percent — from March of last year and […] [Read More]

American Honda Motor Co. recently honored 118 of its franchise dealerships as recipients of the President’s Award for 2010. The automaker emphasized the annual award is presented to top-ranking Honda dealerships throughout the country based on their achievement of excellence in all areas of operation — customer service and satisfaction, sales, training and facility. Officials pointed […] [Read More]

Earlier this month, Chrysler Canada celebrated the official return of the Fiat brand to the country by parading more than 200 Fiat 500 vehicles from the Quebec Business Centre along the TransCanada Highway to their respective dealerships. “We are thrilled that the first highly anticipated Fiat 500s have started to land on Canadian soil because […] [Read More]

Because Marcus Breitschwerdt accepted a new company position in the United Kingdom, Daimler AG tapped a new president and chief executive officer for Mercedes-Benz Canada. Succeeding Breitschwerdt in this role effective today is Tim Reuss, who has been with Daimler for the past 24 years. Company officials made the decision since Breitschwerdt has taken on […] [Read More]

CarMax established a myriad of financial performance records during its 2011 fiscal year as the company reported net sales and operating revenues, comparable-store used unit sales and total used unit sales all climbed by double digits. Executives shared Thursday that their fourth-quarter net sales and operating revenues increased 23 percent to $2.25 billion from $1.83 […] [Read More]

In an update on Thursday, Honda announced that it is now anticipating that production disruptions in the U.S. and Canada will go beyond April 15. The automaker said it is doing everything it can to keep its plants operating without extensive interruptions. “The vast majority of Honda’s parts and materials are sourced here in North America. […] [Read More]

Chevrolet is enjoying total sales numbers for Cruze that are more than more than triple those of the Cobalt, the unit the new 2011 model replaced in the brand’s lineup. The automaker declared Thursday that the Cruze is on track to exceed 50,000 total sales during the first quarter. Chevrolet also calculated retail sales are […] [Read More]

FordDirect claims its lead volume for both the new and used vehicles has climbed by more than 20 percent year over year while the remainder of the industry has stayed flat. How can company leadership make such an assertion? Executive vice president of marketing Stacey Coopes says it stems from slightly changing the value proposition […] [Read More]

While not an exact predictor of used- or new-vehicle sales, the Business Roundtable’s first quarter CEO Economic Outlook Survey released Wednesday shared some uplifting sentiments that could eventually lead to more buyers at dealer showrooms. The survey that gathers opinions of chief executive officers of America’s leading companies indicates these business leaders anticipate higher sales […] [Read More]