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May 23, 2013 - Industry News

J.D. Power, LMC Auto: May New-Car Sales on Pace to Exceed 1M Units

J.D. Power and LMC Automotive expect May retail sales to exceed 1 million units for the third consecutive month.

Tags: 2012, 2013, J.D. Power and Associates, May, retail, sales, vehicles

May 9, 2013 - Industry News

NADA Extends Deadline for Dealership Workforce Study

Dealers interested in participating now have until June 30 to provide feedback for the annual study. Association officials said the deadline was extended in response to dealer requests.

Tags: 2012, Dealer Workforce Study, dealers, extension, NADA

April 30, 2013 - Industry News

<em>Albany Times-Union</em> Names Auto/Mate a ‘Top Workplace’

For the second year in a row, the Albany Times-Union honored Auto/Mate as one of the 'Top Workplaces in the Capital Region.' The company took the honor in the 'Small Workplaces’ category.

Tags: 2012, Albany Times Union, Auto/Mate, top workplace

April 23, 2013 - Industry News

Experian Automotive: Hybrid Market Share Grew 41 Percent in 2012

Experian Automotive found that buyers of hybrid vehicles, which make up slightly more than 1 percent of total vehicles in operation, aren't just environmentally conscience, they are 'economically minded" as well.

Tags: 2012, 2013, automotive, Experian Automotive, Hybrid Vehicle, market share

February 26, 2013 - Industry News

Identity Theft Tops FTC's Complaint List for 2012

Last year was a record-breaking year for consumer complaints received by the FTC, and identify theft once again topped the list.

Tags: 2012, automotive, CFPB, Complaints, consumer, Federal Trade Commission, fraud, FTC, identity theft, Internet, Security, top consumer complaints, wage

February 21, 2013 - Industry News

Major Dealer Groups Prepare to Top Records Set in 2012

Most of the major dealer groups posted big gains in the fourth quarter and for the full-year 2012. One group reached an all-time high of $1,215 in F&I gross profit per retail unit.

Tags: 2012, annual, Asbury Automotive, AutoNation, F&I, Finance, Fourth Quarter, Group1 Automotive, insurance, Lithia Motors, Penske Automotive Group, Revenue, Sonic Automotive

January 17, 2013 - Industry News

Ford to Hire 2,200 Salaried U.S. Workers This Year

Ford announced it will hire 2,200 salaried workers in 2013 to support new products. The new employees will fill jobs in such areas as product development, manufacturing and IT.

Tags: 2012, 2013, add workers, employment, Ford Motor Co., job growth, jobs, Joe Hinrichs

January 15, 2013 - Industry News

Enterprise Car Sales Drives $380 Million in CU Auto Loan Volume

Enterprise touts relationships with credit unions, claims to have generated more than $380 million in loan volume for credit unions through used-car sales in 2012.

Tags: 2012, auto loan volume, credit unions, Enterprise Car Sales

January 15, 2013 - Industry News Auto-Related Credit Approvals Up 27.3 Percent in 2012

U.S. Bank data shows 27.3 percent more approvals in 2012 vs. 2011. December’s credit approval rate also jumped 55 percent from November.

Tags: 2012, car lease, credit approval rate, customer credit, data, leasing,, U.S. Bank

January 8, 2013 - Industry News

Kontos: Wholesale Prices Rise in December

According to ADESA’s Tom Kontos, wholesale used-vehicle prices rose by 3.1 percent in December vs. November.

Tags: 2012, ADESA, Tom Kontos, Wholesale Pricing, wholesale used average

January 3, 2013 - Industry News

December and Year-End Sales Spike

Carmakers reported a favorable December and year-end sales. Mercedes and BMW posted record sales for the year, while Mazda realized its best December since ’94. Volkswagen also posted its best month since 1970 and its best year since 1973.

Tags: 2012, Auto Industry, BMW, Car Sales, Chrysler, December, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Nissan, sales, Toyota, Vehicle Sales, Volkswagen

December 20, 2012 - Industry News

LoJack Releases Top 10 Auto Theft Recoveries for 2012

LoJack’s auto theft recovery system helped recover more than $100 million in stolen assets in 2012. Today, the company shared its Top 10 recovery stories.

Tags: 2012, auto theft recovery, LoJack, Top 10 Auto Theft Recoveries

December 20, 2012 - Industry News

<em>Albany Business Review</em> Names Auto/Mate 'Best Place to Work'

Auto/Mate Dealership Systems makes Albany Business Review’s “Best Places to Work” list for the third year in a row.

Tags: 2012, Albany Business Review, Auto/Mate, Award, Best Places to Work

December 20, 2012 - Industry News

J.D. Power, LMC: Luxury Share in December Highest Since 2009

In their monthly sales forecast, J.D. Power and Associates and LMC Automotive predict that December will record a SAAR of 12.2 million units. The two firms also expect luxury share to reach its highest level since 2009.

Tags: 2012, December, J.D. Power and Associates, LMC Automotive, luxury sales, SAAR, TransUnion

October 30, 2012 - Industry News

AutoNation Reports Rise in New-Vehicle Sales, Record-Setting F&I Performance

Stronger new-vehicle sales and a record performance by its F&I operations drove a 15 percent increase in AutoNation’s third-quarter profits.

Tags: 2012, AutoNation, earnings, Michael E. Maroone, Mike Jackson, Quarterly Earnings, Third Quarter

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