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Sales Are Up, But Net Profits Are Down: How Can That Be?
The average dealership parts and service department brought in more annual revenue than the previous year, and yet took less money to the bank. According to NADA DATA 2011, the average dealership saw their year over year parts and labor sales grow by
Oct 21, 2011
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DMEautomotive Makes Customer Loyalty Easy for Dealerships
DAYTONA BEACH, Fla. — DMEautomotive, the industry leader in science-based, results-driven automotive marketing, today announced a new affordable “card-free” customer loyalty program for auto dealerships designed to eliminate the usu
Oct 21, 2011
Alliance Financial’s Indirect Auto Loan Balances Down
SYRACUSE, N.Y. — Alliance Financial Corporation (“Alliance” or the “Company”) (NasdaqGM: ALNC), the holding company for Alliance Bank, N.A., announced an 18.7% increase in net income for the quarter endedSeptember 30, 20
Oct 21, 2011
Used Prices to Drive New Car Sales in Fourth Quarter
MCLEAN, Va. — Above average trade-in values for used cars are expected to increase new vehicle sales in the fourth quarter, says Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. “We ex
Oct 21, 2011
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GM: Record 1.2 Million Chevrolets Sold in Third Quarter of 2011
DETROIT – Chevrolet sold 1.2 million vehicles globally in the third quarter, the best July-to-September results in the brand’s 100-year history. In the first nine months of 2011, Chevrolet sold 3.6 million vehicles globally, positioning the brand
Oct 21, 2011
Chase Partners with Aston Martin on New Financing Program
GARDEN CITY, NY – Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin’s first U.S. retail subvention program. Chase’
Oct 21, 2011
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AutoNation’s Retail Used Vehicle Revenue Increased 7%
FORT LAUDERDALE, Fla. — AutoNation, Inc. (NYSE: AN),America’s largest automotive retailer, today reported 2011 third quarter net income from continuing operations of $71 million, or $0.48 per share, compared to net income from contin
Oct 21, 2011
AuctionTime.com Conducting 9 Online Auctions Through the End of 2011
LINCOLN, Neb. — AuctionTime.com, your source for farm equipment, construction equipment, truck and trailer online auctions, is hosting 9 online auctions on Wednesdays throughout the rest of 2011. Auctions end every Wednesday on AuctionTime.com
Oct 21, 2011
SideCars Inc. Offers a Clarification on Western Insurance Company’s Liquidation
JOPLIN, Mo. — SideCars, Inc., a leading reinsurance administrator for CPI program for dealers who operate their own captive insurance companies, released its statement today in light of recent news regarding Western Insurance Company’s c
Oct 21, 2011