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NewsJune 14, 2011

CNW: Key Data Points Point to a Rough June

Several indicators in the first few weeks of June, including floor traffic, incentives levels and closing ratios, point to a rough road ahead for sales this month, according to CNW Research’s latest Retail Automotive Summary.

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NewsJune 14, 2011

Former Ford Motor Co. Exec Releases Book on Automaker’s Corporate Turnaround

Former Ford executive Gerhard Geyer’s book, "Ford Motor Company: The Greatest Corporate Turnaround in U.S. History," explains how the automaker avoided bankruptcy during the recent recession.

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NewsJune 14, 2011

Toyota Lowers Outlook for Fiscal Year 2012

Effects of the March 11 earthquake on Japan’s east coast reflected in the automaker’s FY2012 estimates.

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NewsJune 13, 2011

Ally Partners with TIME on Prestigious Dealer of the Year Honor

Ally Financial Inc. announced that it will be partnering with TIME’s Dealer of the Year awards program for 2012.

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NewsJune 13, 2011

Cadillac Unveils New Luxury Design for Dealerships

The new showroom layout includes well-lit displays, a customer lounge, a coffee bar, and contemporary architecture made with premium materials.

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NewsJune 9, 2011

AIADA, NADA UCG Announce Free Appraisal Webinar

The American International Automobile Dealers Association (AIADA) and its Affinity Partner NADA Used Car Guide will offer a free Webinar this month that focuses on the appraisal process.

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NewsJune 9, 2011

DealerTrack Canada Adds Desjardins Group to Network

DealerTrack Canada Inc. today announced the addition of Desjardins Group onto the DealerTrack Canada Network. Cooperative financial group Desjardins will now be able to receive electronic credit applications from all of its authorized automotive, RV and powersport dealers throughout Québec.

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NewsJune 9, 2011

GM Financial Announces $1 Billion Asset-Backed Securities Offering

GM Financial announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities.

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NewsJune 7, 2011

May Sales Reflect Effects of Parts, Production Shortages

May saw sales increases for Chrysler, GM and Mercedes-Benz, while Ford sales stayed consistent with the year-ago period. Due to parts and production shortages in Japan, import brands Honda, Nissan North America and Toyota Motor Sales all saw decreases compared with May 2010 sales.

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NewsJune 7, 2011

Ally Shifts Top Executives; President Postpones Retirement

As its president delays retirement, Ally Financial shuffled its top management structure late last week as four executives received new appointments. Ally said the changes are meant to leverage the senior leadership capability within the organization as the company continues its “transformation,” including an initial public offering.

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