While also sharing its latest market forecast that now includes projected used-vehicle sales, TrueCar.com Wednesday revealed its new president and chief operating officer. Stepping into the role is Stephen Hansen, who will be expected to lead the company’s strategic planning, product and technology development, marketing and management to accelerate its growth. Hansen will report directly […] [Read More]

BMW of North America announced Tuesday that it conducting two separate recalls that, when combined, affect about 150,800 units. With regards to the larger of the two recalls — which is an emissions recall — the company said it told the U.S. Environmental Protection Agency that it plans to recall certain 2007 through 2010 BMW […] [Read More]

Chevrolet has turned to major league’s baseball pinnacle event — the World Series — to kick off its latest ad campaign. The “Chevy Runs Deep” campaign showcases models like the Cruze and Volt, spotlights the history and potential of the brand and discusses the brand’s association with American life as well as with baseball. The […] [Read More]

Group 1 Automotive’s double-digit revenue lift during the third quarter — including substantial gains on the used-vehicle side — helped push the auto retailer’s quarterly earnings to a considerable increase. Specifically, Group 1 had adjusted net income of $19.3 million, up 14.6 percent from $16.8 million in the year-ago period. Net income for the recent […] [Read More]

AutoTrader.com chief executive officer Chip Perry believes the acquisition of Kelley Blue Book means a significant upgrade in how dealers can harness the Internet to sell vehicles. Soon after Tuesday’s acquisition announcement, Perry shared in an exclusive interview with Auto Remarketing how the online resources of AutoTrader and KBB can thrive. “Our strength is classified […] [Read More]

Thanks to gains in retail revenue — especially for used vehicles — Sonic Automotive posted an uptick in third-quarter adjusted earnings from continuing operations. Company executives reported Tuesday the earnings climbed to 27 cents per diluted share, up from 26 cents during the same quarter last year. “Our total revenues were up approximately 9 percent over […] [Read More]

Swapalease.com sees the sales performance of luxury brands becoming a new sweet spot for improved leasing activity in the coming future. The website noted eight luxury nameplates that posted anywhere from 8- to 19-percent increases in sales to date as compared to the same time last year. The growth Swapalease.com highlighted includes: —Audi: 19.1 percent. […] [Read More]

Volkswagen of America touted the half dozen new elements associated with  the completely redesigned website that the automaker launched on Monday. It’s all meant to augment the brand’s global digital business strategy to enhance the user experience in both shopping for and owning a VW. The automaker noted the redesigned site is on a globally hosted […] [Read More]

Ford hopes its Western region franchise dealers benefit from another campaign not only meant to promote the 2011 Fiesta but also undiscovered musical talent. The promotion called “Gimme the Gig” is branded as a multimedia campaign integrating experiential, social and digital interactions while building awareness around the Fiesta. Unsigned musicians throughout the U.S. are currently […] [Read More]

Sparked by what top management described as a reinvigorated focus on increasing used-vehicle sales, Penske Automotive Group posted significant gains in third-quarter income. Sharing their financial report late last week, Penske executives said third-quarter income from continuing operations attributable to common shareholders came in at $31 million or 34 cents per share. During the same […] [Read More]