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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.

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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.

Albany Times-Union 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.

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.

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.

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.

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.

Swapalease.com: 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.

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.

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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.

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