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The Changing Landscape of Auto Inventory Insurance
There is no question that the dealership insurance market is tightening up. Prices are going up along with deductibles including an ever-growing list of coverage limitations. Dealers’ physical damage or auto inventory insurance premiums and deducti
Aug 3, 2012
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3 Ways to Reduce the Risk of Used Vehicle Market Volatility
I like the analogy a Midwest dealer recently shared as we discussed recent declines in wholesale used vehicle values: “I try to manage my used vehicle inventory like a bobber on a lake. When wholesale values drop, it’s like a wave washes over the
Aug 3, 2012
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U.S. News & World Report Launches Used Car Rankings
WASHINGTON — U.S. News & World Report, one of the most trusted sources for consumer recommendations, today expanded its Best Cars rankings to include used vehicles. The Used Car Rankings include nearly 600 cars, SUVs and minivans from the 2
Aug 3, 2012
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Luxury Pre-Owned Brand Sales Up in July
For most of the luxury brands, pre-owned sales in July were up, except for BMW. Click below to find out full Certified Pre-owned sales for July: BMW Used Vehicle Sales Down 5.9% Mercedes-Benz CPO Sales Up 10% Porsche Approved Certified Pre-Owned Vehi
Aug 3, 2012
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J.D. Power and Associates Reports: Relationships Fostered under Preferred Programs Significantly Increase Dealer Satisfaction
BMW Financial Services Ranks Highest in Dealer Satisfaction in Prime Retail Credit and Retail Leasing Rankings; Mercedes-Benz Financial Services Ranks Highest in Floor Planning WESTLAKE VILLAGE, Calif. — Satisfaction with automotive finance pro
Aug 3, 2012
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Penske Automotive Reports Used Unit Retail Sales Up 16.4%
Record Q2 Income from Continuing Operations and Earnings per Share BLOOMFIELD HILLS, Mich.– Penske Automotive Group, Inc. (NYSE:PAG): Second Quarter 2012 First Half 2012 Revenue Increases 19.2% to $3.4 Billion Revenue Increases 18.6% to $6.6 Bi
Aug 2, 2012
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Ford Celebrates Production Launch of the Only Front-Wheel- Drive Hybrid Transmission To Be Made in North America
STERLING HEIGHTS, MICH. – Ford launches a new era of clean tech and job growth with today’s debut of a new flexible assembly line at Van Dyke Transmission Plant, making Ford North America’s only producer of front-wheel-drive hybrid transmission
Aug 2, 2012
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The All-Electric Toyota RAV4 EV First Drive
Newport Beach, Calif. – Toyota Motor Sales, USA, Inc. (TMS) offered news media first drive opportunities today for the Toyota RAV4 EV, an all-new, all-electric SUV arriving in select California dealerships later this summer. During the media event
Aug 2, 2012
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Dealer.com Celebrates Manhattan Beach Office Expansion
Company Brings Together Customers, and Community and Industry Leaders for “Rock the Block” Party Manhattan Beach, CA – Dealer.com, the global leader in online marketing solutions for the automotive industry, is celebrating its newly expanded We
Aug 2, 2012