Several automakers used descriptions such as “record” and “best since” to highlight their October new-vehicle sales performance. But such lofty words are why analysts from Edmunds.com, TrueCar and J.D. Power and Associates sounded cautious when discussing what October’s sales numbers mean in the near term and beyond. “High prices and inventory shortages in late April […] [Read More]

Less than a day after one of the most well-known men in auto retailing and motorsports and  his wife were involved in a crash landing at the Key West International Airport in Florida, Rick and Linda Hendrick — along with the two pilots also aboard the jet — were back safely in North Carolina on […] [Read More]

As the flooding in Thailand continues, automakers with plants in the area, as well as suppliers, are being forced to reevaluate their production schedules, and in some cases, suspend it entirely. Honda and Nissan were two of the manufactures to provide updates on production levels this week due to the natural disasters. [Read More]

The National Highway Traffic Safety Administration revealed three different recalls by one domestic and two European automakers, covering more than 85,000 vehicles. The largest of the three is for the 2012 Chevrolet Equinox and GMC Terrain. NHTSA officials indicated General Motors is summoning 33,964 units manufactured between July 18 and Sept. 6. These vehicles failed […] [Read More]

Toyota revealed Friday that Scott Heyer, a long-time corporate manager of fleet/TRAC/TCUV for Toyota, has moved on to a new position. Taking on Heyer’s former role will be Dave Depew, former corporate manager — distribution. Heyer is moving into the role of corporate manager — sales administration/Toyota division, where he will focus on retail sales. […] [Read More]

Third-quarter results are showing the alliance between Chrysler and Fiat is not only working — it’s thriving because the relationship is producing vehicles analysts believe consumers want. On Thursday, Chrysler Group reported preliminary net income of $212 million for the third quarter, compared with a net loss of $84 million a year ago as the […] [Read More]

Ford Motor Co. of Canada will officially have a new president and chief executive officer on Tuesday to replace David Mondragon, who is moving on to serve as general marketing manager in the U.S. for Ford and Lincoln. Stepping into the role is Dianne Craig, who has been with the company since 1986. Her most recent […] [Read More]

Since it was judged against the company’s best performance ever, Ford accentuated the positives although the automaker watched its third-quarter net income drop by $38 million or 2 cents per share year-over-year. The Blue Oval said Wednesday that its third-quarter net income totaled $1.6 billion, or 41 cents per share, but Ford president and chief […] [Read More]

In a period that saw the dealership group’s same-store used- and new-vehicle sales climb double-digits, Lithia Motors enjoyed nearly a 70-percent spike in income from continuing operations during the third quarter, the retailer reported Wednesday. Specifically, Lithia posted income from continuing operations of $16.3 million, up from $9.6 million a year ago. Quarterly revenues from […] [Read More]

Asbury Automotive Group established another record used-to-new sales ratio during the third quarter, when the group saw its used-vehicle retail revenues shoot up 19 percent, including 14 percent from same-store results. Asbury reported adjusted income of $14.3 million Wednesday, or 44 cents per diluted share. In the same quarter a year earlier, the company’s adjusted […] [Read More]