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OPENLANE: Overall U.S. Auction Prices Increased in August
Highlights from the September OPENLANE Market Index report include: for the U.S. market index, overall US auction prices in August increased 2 percentage points from the prior month, and ended 4 percentage points above August 2010. Highlights from th
Sep 8, 2011
ALG: Rental Fleet Penetration Impact on Resale Values
ALG, a subsidiary of DealerTrack, has found through its proprietary modeling and research that high rental fleet penetration levels not only have had a negative impact on residual values, but on perceived quality and brand image as well. According to
Sep 8, 2011
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
Manheim Used Vehicle Index Falls for Third Straight Month
Manheim Consulting’s monthly auto industry brief reported August 2011 wholesale used vehicle prices decreased when compared with July 2011’s numbers, down 1.7%. The Manheim Used Vehicle Value Index is still up 4.1% (123.7) over August 2010 w
Sep 8, 2011
Military.com Launches New Auto Buying Service Powered by TrueCar
MCLEAN, Va. and SANTA MONICA, Calif. — Buying a car has just gotten much easier for the 10 million registered users of Military.com. The membership organization, which serves active duty personnel in all branches of the U.S. Armed Forces, re
Sep 8, 2011
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
vAuto Sales Director Teaches The Value of the New Transparent Selling Process
One of the greatest challenges that has occurred in the used vehicle industry is the recognition that a vehicle needs to be priced to sell rather than to negotiate. As dealers have come to this enlightened recognition, they have experienced a great d
Sep 8, 2011
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
Digital Marketing and Performance Improvement Consultant Discusses Specific Tips for ‘Customer-first’ Selling
If you’re a pilot, you love a good 10,000 foot view. If you’re a dealer, you need meaty, actionable insight you can bring back to the dealership and apply ASAP. The Cobalt 2010-2011 Automotive EShopper Experience study delivers just that. What ar
Sep 8, 2011
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Dealer/GM NewsFinance & Insurance NewsFixed Operations NewsPre-Owned Sales & Marketing Strategies
F-150 Safety Investigations Closed at Ford
According to The Detroit News, the National Highway Traffic Safety Administration has decided to close an investigation it opened to examine some Ford F-150 trucks. The story said the investigation was originally opened to inspect the fuel tank strap
Sep 8, 2011
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HookLogic Secures $9.5 Million in Growth Funding from Bain Capital Ventures
NEW YORK –HookLogic today announced a $9.5 million round of financing from Bain Capital Ventures. It is the first institutional investment accepted by HookLogic after six years of profitable growth. The funding will be used to expand the organiza
Sep 8, 2011
GM: Cadillac Meets New Customers Where They Live and Play
DETROIT – In the hotly contested battle for luxury car buyers, personal experience matters most. So Cadillac is putting potential customers behind the wheel of a 556-horsepower Cadillac CTS-V on a private racecourse. It’s an experience few would
Sep 8, 2011