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Study Reveals that Dealer-Branded Prepaid Maintenance Programs Boost Customer Retention and Service Up-sell

San Ramon, CA – Dealer-branded prepaid maintenance (PPM) programs that are 100 percent funded by customers are boosting service revenue by 15 percent and customer retention to 60 percent (and even higher). These findings and other auto dealer repor
Jun 7, 2013
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Auto Dealer Salespeople Consider Price Most Troubling Part of Sales Negotiation According to Joe Verde Sales and Management Training Poll

ORANGE COUNTY, CA – Joe Verde Sales & Management Training, Inc., (JVSMT) today announced that according to a recent poll of auto dealer salespeople, price is perceived to be the most troubling part of the sales negotiation process. An informal
Jun 7, 2013
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PORSCHE, CADILLAC LEAD AUTOMOTIVE BRAND LOYALTY IMPROVEMENTS IN FIRST QUARTER, ACCORDING TO POLK

SOUTHFIELD, MI – Recent analysis of repeat buying behavior from Polk during the first quarter of 2013 finds average new vehicle brand loyalty rates increasing to 51.5 percent, up more than 2 percentage points over the same time period last year. Th
Jun 7, 2013
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KBB.com Named Online Auto Shopping Brand Of The Year In 2013 Harris Poll EquiTrend® Study For Second Consecutive Year

IRVINE, CA – For the second year in a row, KBB.com was awarded Online Auto Shopping Brand of the Year by the 2013 Harris Poll EquiTrend study, announces Kelley Blue Book www.kbb.com, the leading provider of new and used car information. The Har
Jun 7, 2013
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New Credit for Auto Loans Currently at Highest Level in Eight Years, Equifax Reports

ATLANTA – According to Equifax’ latest National Consumer Credit Trends Report, $69.6 billion in new credit for auto loans was originated in January and February 2013, the highest level in more than eight years and more than 70% higher tha
Jun 7, 2013
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Chrysler Recalls 630,000 SUVs & Jeeps Worldwide

According to NBC News, Chrysler recalls 630,000 SUVs and Jeeps worldwide. Just two days after refusing a government request to recall 2.7 million older-model Jeeps, Chrysler has decided to do two other recalls totaling 630,000 vehicles worldwide. The
Jun 7, 2013
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Compliance Certification Program

FORT WORTH, TX – The National Automotive Finance Association (NAF) Association is offering a Consumer Credit Compliance Officer Certification Program to assist finance companies in meeting the increasingly difficult challenge of complying with
Jun 7, 2013
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Experian Automotive: Auto leasing reaches record high

Schaumburg, IL — Experian Automotive today announced that new vehicle leasing rose by 12.5 percent to achieve the highest level since it began tracking the data in 2006. According to its State of the Automotive Finance Market report, leasing accoun
Jun 7, 2013
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Colorado Governor Signs Dealer Protection Bill

According to F&I and Showroom, Colorado governor signs dealer protection bill. DENVER — Colorado Gov. John Hickenlooper signed into law Wednesday a Senate bill that better empowers dealers when negotiating their franchise agreements with manufa
Jun 7, 2013