Wholesale
Reynolds Extends Exclusive DMS Agreement with BMW Canada
Friday, Feb. 19, 2010, 11:58 AM
Auto Remarketing
DAYTON, Ohio — Under its recently extended partnership with BMW Group Canada, Reynolds and Reynolds will remain the exclusive provider of dealership management systems and other related services and products to the entire Canadian BMW and Mini dealer body. Reynolds and BMW Canada began their exclusive partnership in 2001. Officials said 40 BMW and 26 Mini dealers […] [Read More]
Pre-Owned is Big Topic at NADA
Friday, Feb. 19, 2010, 01:58 AM
Auto Remarketing
ORLANDO, Fla. — Dealers attending the National Automobile Dealers Association Convention in Orlando, Fla., recently spent a lot of time engaged with vendors and suppliers in the profitable pre-owned side of the business. Chip Perry, president and chief executive officer of AutoTrader.com, shared some feedback about what dealers can do to enhance their online marketing efforts. […] [Read More]
Experian: Ford, Hyundai Brand Loyalty on the Rise
Wednesday, Feb. 17, 2010, 11:59 AM
Auto Remarketing
SCHAUMBURG, Ill. — Ford's strengthening retail position received another boost Wednesday when Experian Automotive released its customer brand loyalty analysis for the third quarter of 2009. Of the top five vehicles highlighted, Ford had four units in this contingent with a brand loyalty percentage of 56 percent or higher. The four vehicles in this cluster included […] [Read More]
Dollar Thrifty Auto Group Shows Four Straight Quarters of Improvement
Wednesday, Feb. 17, 2010, 11:58 AM
Auto Remarketing
TULSA, Okla. — Dollar Thrifty Automotive Group said Wednesday it achieved record fourth-quarter profit to close 2009, as the company celebrated its fourth straight quarter of making strides in its financial performance compared to the prior-year period. Specifically, Dollar Thrifty's net income during the fourth quarter was $11.5 million, up from a net loss of $72.2 million the […] [Read More]
Arkansas Dealer Named Time Dealer of the Year
Wednesday, Feb. 17, 2010, 11:57 AM
Auto Remarketing
AUBURN HILLS, Mich. — Chrysler executives cheered for an Arkansas dealer who recently received the coveted Time Dealer of the Year Award. The 2010 winner is Scott Wood, owner of Scott Wood Chrysler, Jeep, Dodge in Batesville, Ark. Wood has been in the retail industry his entire career. He recounted that it began "with a broom, […] [Read More]
GM Certified Adds Saturn to Lineup
Wednesday, Feb. 17, 2010, 02:00 AM
Auto Remarketing
DETROIT — GM Certified Used Vehicles announced Tuesday that it has expanded its CPO lineup to include Saturn. Certified Saturn units from model years 2005 through 2010 can now be bought at the 3,400 Buick, Chevrolet and GMC GM Certified Used Vehicles dealers throughout the U.S., and these vehicles will include the 12-month/12,000-mile (whichever comes first) bumper-to-bumper warranty from […] [Read More]
CNW: Toyota Needs Long-Term Plan to Regain Market Share
Tuesday, Feb. 16, 2010, 01:58 AM
Auto Group Editor Jennifer Reed
BANDON, Ore. — Based on its ongoing daily survey of shoppers, CNW Research discovered used Toyota sales plummeted by more than 39 percent in the first three days after the recall. Taking the hardest hit were private party sales and independent dealer sales. The reason? No access to repair parts, according to Art Spinella, of CNW. […] [Read More]
Chrysler Financial Recognizes Top Canadian Auctions
Friday, Feb. 12, 2010, 12:00 PM
Auto Remarketing
MISSISSAUGA, Ontario — Chrysler Financial recently announced its 2009 Platinum Pentastar Award Winners to honor the Canadian auctions that had the top performances this past year in its Canadian Auction Scorecard program, which was introduced in early 2008. The winners were determined based on which auctions — divided into Tier I and Tier II facilities — had […] [Read More]
ADESA Canada: Used Values Unseasonably Low
Friday, Feb. 12, 2010, 11:59 AM
Auto Remarketing Editor Joe Overby
MISSISSAUGA, Ontario — January marked the fourth straight month of sequential declines for the ADESA Canada Used Vehicle Price Index, as the anticipated seasonal upswing in values never came to fruition. Resale prices were pushed downward by dealers' excess inventory of both new and used vehicles, officials pointed out. Specifically, ADESA's data — powered by ALG Canada — indicated […] [Read More]
Canadian Auto Journalists Name 2010 Canadian Car, Utility Vehicle of Year
Friday, Feb. 12, 2010, 11:58 AM
Auto Remarketing
TORONTO, Ontario — The Automobile Journalists Association of Canada announced the winners in its 2010 Canadian Car of the Year program Thursday at the Canadian International Auto Show in Toronto. Taking the spot as Canadian Car of the Year was the Volkswagen Golf GTI, while the Canadian Utility Vehicle of the Year award went to […] [Read More]