SARASOTA, Fla. — Auto Dealer Monthly recently named the winners of its 2010 Dealers' Choice Awards, a program that honors the auto industry's top product and service providers, as well as finance organizations. To determine the winners, dealers and their personnel rate companies in various categories based on quality, customer service/support and value of the product […] [Read More]

CALGARY, Alberta — Quorum Information Technologies was recently chosen by the Co-Auto Co-Operative — a cooperative buying group in Woodbridge, Ontario that includes more than 1,200 dealer members — to serve as its exclusive dealership management system provider.    The company began providing its XSELLERATOR DMS product to these dealers through the Co-Auto purchasing channel on Thursday. Officials said Co-Auto, […] [Read More]

TORONTO, Ontario — The Ontario Motor Vehicle Industry Council has hit Empire Auto Sales — an unregistered dealership — and its three owners (Dinesh Gathani, Alpa Gathani and Ankit Gathani) with a $7,000 fine for not disclosing the history of salvage vehicles it sold to unsuspecting consumers. OMVIC conducted an investigation and filed charges under the Consumer Protection […] [Read More]

MISSISSAUGA, Ontario — Mitsubishi Motor Sales of Canada is donating $100 from every vehicle it sells during April, May and June in the hope of raising more than $500,000 for Right to Play, an international charity based in Toronto that reaches out to children and communities via sports and play programs. Basically, Right to Play's programs aim […] [Read More]

RICHMOND, Va. — Though facing a challenging environment during its fiscal fourth quarter, CarMax saw its earnings and unit sales rise on a year-over-year basis for the third consecutive quarter, the company announced Thursday. Specifically, reporting on the fourth quarter ending Feb. 28, CarMax said its net income for the period was $75.4 million, up from […] [Read More]

DAYTON, Ohio, and SCHAUMBURG, Ill. — Reynolds and Reynolds and Experian Automotive announced this week that AutoCheck Plus vehicle history reports now have been integrated into the POWER dealership management system. Company officials highlighted that now dealership personnel can review AutoCheck Plus Reports from any POWER workstation. They stressed that easy access to vehicle history reports […] [Read More]

OAK BROOK, Ill. — The perception of not being able to source hot vehicles for the right money is understandable but wrong. The reason that it's understandable is that we never knew how good we had it. When the market delivered 17 million new cars, dealers stood on their lots and people threw trade-ins at them. […] [Read More]

MONTREAL, Quebec — Of the Big 3 automakers, the one that appears to be in the "best shape" is Ford, while General Motors is still dealing with a few quality issues and Chrysler remains in a "holding pattern," according to the Automobile Protection Association, a Canadian nonprofit association. In its Annual Review of the Auto Industry released […] [Read More]

EDMONTON, Alberta — In the midst of one of the more difficult auto environments in history, AutoCanada Inc. finished the year on a high note. Specifically, AutoCanada reported net earnings of $1.7 million in the fourth quarter of 2009, compared to a net loss of $67.1 million in the prior-year period. Quarterly revenue was $182.4 million, […] [Read More]

EDMONTON, Alberta — With record net earnings in each of the final three quarters of the year, Carfinco Income Fund said it set an all-time high for full-year net earnings in 2009. The company posted net earnings of $7.3 million, which is $1 million stronger than the prior high that was recorded in 2006. This also represents a significant improvement […] [Read More]