Retail
Toyota Halts Sales, Production of Eight Models
Wednesday, Jan. 27, 2010, 12:00 PM
Auto Remarketing Editor Joe Overby
TORRANCE, Calif. — Following last week's safety recall for sticking accelerator pedals, Toyota has told its U.S. and Canadian dealer bodies to stop selling the eight vehicles that were involved for the time being, and is planning to temporarily halt production on these units in North America, as well. On Thursday, Toyota originally announced it was recalling roughly […] [Read More]
American Arbitration Association: About 1,550 Dealers Seek Reinstatement
Wednesday, Jan. 27, 2010, 02:00 AM
Auto Group Editor Jennifer Reed
ATLANTA — A senior vice president with the American Arbitration Association told Auto Remarketing Tuesday that about 1,550 to 1,560 Chrysler and General Motors dealers are seeking reinstatement via arbitration. The deadline for dealers to file for arbitration was Monday at midnight, and the AAA is acting as administrator for the process. "It seems to […] [Read More]
GM VP: Saab Relationship Expected to Continue for U.S. Dealers Now that Deal Reached
Wednesday, Jan. 27, 2010, 01:58 AM
Auto Remarketing Editor Joe Overby
DETROIT — General Motors has struck a deal to sell its Saab brand to Spyker Cars NV, which plans to form a new company named Saab Spyker Automobiles as it moves forward with the Swedish brand. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans […] [Read More]
Whitacre to Keep CEO Role, Says GM will Pay Back Loans by June
Tuesday, Jan. 26, 2010, 04:00 AM
Auto Remarketing Editor Joe Overby
DETROIT — Edward Whitacre Jr. is keeping his post as both chairman and chief executive officer of General Motors, he announced to reporters Monday morning during a press conference at GM's Renaissance Center headquarters in Detroit. He also said that GM will repay its loans from the U.S. Treasury and Canada/Ontario by June at the latest. And while acknowledging […] [Read More]
DCH Auto Group Dealers Raise Money for Haiti Relief
Tuesday, Jan. 26, 2010, 01:54 AM
Auto Remarketing
SOUTH AMBOY, N.J. — DCH Auto Group asked its dealerships to be creative to generate funds for relief efforts in earthquake-hit Haiti. Some stores responded with a campaign centered on carnations; another focused on the chance to dress down. At DCH Tustin Acura in Tustin, Calif., the dealership ran a campaign called, "Carnations for Donations." Customers […] [Read More]
J.D. Power: New Retail Sales to Slide; Inventory Levels Still Favorable
Monday, Jan. 25, 2010, 03:57 AM
Auto Remarketing
WESTLAKE VILLAGE, Calif. — J.D. Power and Associates projected a sluggish new-vehicle retail selling rate for January, especially in light of a relatively strong performance during the final month of 2009. Company analysts predicted that January's sales total would come in at 500,900 units. They indicated that represents a seasonally adjusted annualized rate of 7.9 million […] [Read More]
TrueCar: Upswing in Luxury Sales Likely Promising for Overall Market
Friday, Jan. 22, 2010, 01:56 AM
Auto Remarketing
SANTA MONICA, Calif. — While the expected year-over-year upswing in January's new-vehicle sales is a good sign for the industry, what TrueCar found more encouraging is the projected upswing in luxury sales, as these often reflect the state of consumer confidence. Specifically, the company anticipates that there will 728,019 new vehicles (including fleet) sold in the […] [Read More]
Denver GM Dealer Talks About Representing Hispanic Dealers, Volunteering in Community
Thursday, Jan. 21, 2010, 01:58 AM
Auto Remarketing
DETROIT — In a recent installment of the automaker's Faces of GM blog, General Motors spotlighted one of its Denver dealers, sharing the story of Ivette Dominguez, owner and president of Alpine Buick Pontiac GMC. In her post, she shared some of her history in the auto business, best-selling vehicles, favorite models and personal passions. For […] [Read More]
NADA Extends Early Registration Deadline for Convention
Thursday, Jan. 21, 2010, 01:57 AM
Auto Remarketing
McLEAN, Va. — The National Automobile Dealers Association is pushing back the advanced registration deadline for the NADA Convention & Expo to Jan. 27, which will allows dealers and their managers a few extra days to sign up early and save $50 to $75. Dealers and their managers can also enjoy a $200 voucher from NADA […] [Read More]
N.Y. Dealer Group Rolls Out New Saturn Service Center to Maintain Customer Loyalty
Thursday, Jan. 21, 2010, 01:56 AM
Auto Remarketing
BUFFALO, N.Y. — Though General Motors has eliminated the Saturn brand, a western New York dealership group is making significant efforts to service customers who purchased those vehicles as well as retain as much personnel as possible. West Herr plans to consolidate the resources of two Saturn dealerships and create a new Saturn service center in […] [Read More]