Retail

AUBURN HILLS, Mich. — Despite some reports that Chrysler was considering a lawsuit to stop the arbitration process, the automaker released a statement Thursday announcing that it will comply with the legislation. "The company looks forward to expeditious completion of the process. A robust dealer network is a critical component of the group's strategy of rebuilding […] [Read More]

DEARBORN, Mich. — In what was one of the most tumultuous and unprecedented years in automotive history that saw the bankruptcy of its domestic rivals, Ford recorded positive full-year net income for the first time in four years and closed 2009 on a high note with a strongly profitable fourth quarter.  What's more, Ford executives expect to see another […] [Read More]

McLEAN, Va. — The National Automobile Dealers Association on Wednesday revealed its initial list of industry experts and trainers set to be a part of its new initiative, NADA University. The free online education and training resource for dealers known as the Learning Hub will include five respected, well-known individuals who cover a wide range of […] [Read More]

TORRANCE, Calif. — Following last week's safety recall for sticking accelerator pedals, Toyota has told its U.S. and Canadian dealer bodies to stop selling the eight vehicles that were involved for the time being, and is planning to temporarily halt production on these units in North America, as well.  On Thursday, Toyota originally announced it was recalling roughly […] [Read More]

ATLANTA — A senior vice president with the American Arbitration Association told Auto Remarketing Tuesday that about 1,550 to 1,560 Chrysler and General Motors dealers are seeking reinstatement via arbitration. The deadline for dealers to file for arbitration was Monday at midnight, and the AAA is acting as administrator for the process.   "It seems to […] [Read More]

DETROIT — General Motors has struck a deal to sell its Saab brand to Spyker Cars NV, which plans to form a new company named Saab Spyker Automobiles as it moves forward with the Swedish brand. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans […] [Read More]

DETROIT — Edward Whitacre Jr. is keeping his post as both chairman and chief executive officer of General Motors, he announced to reporters Monday morning during a press conference at GM's Renaissance Center headquarters in Detroit. He also said that GM will repay its loans from the U.S. Treasury and Canada/Ontario by June at the latest. And while acknowledging […] [Read More]

SOUTH AMBOY, N.J. — DCH Auto Group asked its dealerships to be creative to generate funds for relief efforts in earthquake-hit Haiti. Some stores responded with a campaign centered on carnations; another focused on the chance to dress down. At DCH Tustin Acura in Tustin, Calif., the dealership ran a campaign called, "Carnations for Donations." Customers […] [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates projected a sluggish new-vehicle retail selling rate for January, especially in light of a relatively strong performance during the final month of 2009. Company analysts predicted that January's sales total would come in at 500,900 units. They indicated that represents a seasonally adjusted annualized rate of 7.9 million […] [Read More]

SANTA MONICA, Calif. — While the expected year-over-year upswing in January's new-vehicle sales is a good sign for the industry, what TrueCar found more encouraging is the projected upswing in luxury sales, as these often reflect the state of consumer confidence. Specifically, the company anticipates that there will 728,019 new vehicles (including fleet) sold in the […] [Read More]