Subaru of America bested its previous record for October sales by more than 25 percent and appears like it is headed for a best-ever year, as well, according to the company. Specifically, Subaru moved 22,720 vehicles in the U.S., a year-over-year gain of a little more than 25 percent from October 2009, which was when the prior […] [Read More]

The previous sales and service agreements General Motors had with the its dealer body expired on Sunday and the new agreements came into effect Monday. So despite the outspokeness of several lawmakers in opposition, the dealer body of GM will now include about 4,500 stores, a figure the automaker had revealed back in August and was […] [Read More]

The previous sales and service agreements General Motors had with the its dealer body expired on Sunday and the new agreements came into effect Monday. So despite the outspokeness of several lawmakers in opposition, the dealer body of GM will now include about 4,500 stores, a figure the automaker had revealed back in August and was […] [Read More]

In less than one week, the Auto Remarketing Forum Series will be welcoming attendees to the 2010 CPO Forum in San Diego. The conference is the first in a weeklong conference event that brings both the CPO Forum and the 2010 National Remarketing Conference to the Manchester Grand Hyatt in San Diego. The two conferences […] [Read More]

Dodge revealed details about MSRP and more for its six all-new or significantly updated vehicles designed to generate substantially more traffic in dealer showrooms for the 2011 model year. The two units that appear the strongest standouts for the OEM are the 2011 Dodge Durango with an MSRP of $29,195 and the all-new Dodge Charger that starts […] [Read More]

For the second time this year, Nissan North America unveiled a new comprehensive training center for franchise dealer service personnel. The opening of the new Ontario Training Center — located about 40 miles east of Los Angeles — is geared to provide technician product training on both Nissan and Infiniti products for service center personnel […] [Read More]

Nissan North America revealed the extent of a voluntary safety recall to replace an electrical relay for the engine control module. The recall is connected with certain Nissan and Infiniti truck and SUV models in the U.S and Canada. The automaker said approximately 747,000 potentially affected vehicles are in the U.S. and approximately 23,000 are […] [Read More]

General Motors made several moves Thursday meant to reduce its debt by as much as $11 billion as well as unveiled a strategy to shore up its balance sheet as an initial public offering approaches. Chris Liddell, GM vice chairman and chief financial officer, described the actions as decisions that will bring down the manufacturer’s […] [Read More]

Along with revealing the six states where it will operate Fiat dealerships, AutoNation discussed how a lower overall third quarter net income figure still resulted in an improvement on a per-share basis. The company shared Thursday that its third quarter net income from continuing operations came in at $59 million, or 39 cents per share. […] [Read More]

Thanks largely to stronger vehicle sales, Lithia Motors said it saw a double-digit improvement during the third quarter in revenue from continuing operations. Specifically, the company posted $582.7 million quarterly revenue from continuing operations, a 15-percent upswing from the third quarter of 2009. Adjusted net income came from continuing operations $0.37 per diluted share, versus […] [Read More]