Auto Retail News
Today’s Dealership Demand Outstrips Supply
How long will this imbalance last? Over 340 people attended my NADA workshop dedicated to the current buy/sell market. Based on that attendance level and the confident mood at NADA, it appears deal making is back. So, if dealers are in deal mode, why
Apr 24, 2012
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US Auto Lease Volume Growing Rapidly as Consumers Return to Dealers’ Lots
ATLANTA and NEW YORK— New separate auto loan and lease data from CreditForecast.com, a leading provider of consumer credit data and forecasts, shows that most consumers looking to buy a new vehicle are still financing their purchases with loans
Apr 24, 2012
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Chevrolet Delivers Record First Quarter Global Sales
DETROIT – Chevrolet sold 1.18 million vehicles worldwide in the first three months of 2012, a 6.5 percent increase over the first quarter of 2011, marking the sixth consecutive quarter of record-breaking sales for the brand. In the last two calen
Apr 24, 2012
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Sonic Automotive, Inc. Profits up 24%
CHARLOTTE, N.C. –Sonic Automotive, Inc. (NYSE: SAH), one of the nation’s largest automotive retailers, today reported 2012 first quarter earnings from continuing operations of $19.5 million for a 24% increase over the prior year results.
Apr 24, 2012
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Survey: Men Prefer Flashy Vehicles; Women Prefer Import Brands and Smaller Vehicles
SANTA MONICA, Calif. — TrueCar.com, the authoritative voice in new car pricing and industry trend information, has released its third annual demographic study based on car-buying behavior in 2011, examining gender differences in auto buy
Apr 24, 2012
Rick Case Honda in Davie Doubles Used Car Sales in Just Five Months
In order to survive the past four years, the entire industry had to rethink the way it conducted business. Not only was customer traffic down but with the tsunami hitting Japan, inventory levels were at an all time low. However, while many dealership
Apr 24, 2012
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Kbb.com Highest Ranked Brand in Survey Results of More Than 38,500 U.S. Consumers
IRVINE, Calif. — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, announces it recently was awarded Online Auto Shopping Brand of the Year by the 2012 Harris Poll EquiTrend® study. Kelley Blue Book&#
Apr 24, 2012
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Auto/Mate Dealership Systems Recognized with a “Top Workplaces” Award by the Albany Times-Union
CLIFTON PARK, N.Y. – Auto/Mate Dealership Systems announced that the company has been recognized with a “Top Workplaces in the Capital Region” award by the Albany Times-Union newspaper. Auto/Mate was featured in a write-up announcing the awar
Apr 23, 2012
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Consumer Reports Finds High Prices & Shoddy Repairs among Car Owner’s Biggest Repair-Shop Gripes
YONKERS, NY — Prices that are too high and the inability to perform repairs properly are the main reasons that car owners become dissatisfied with auto repair shops, according to a Consumer Reports subscriber survey regarding their experience with
Apr 23, 2012