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FTC Charges that Auto Loan Schemes Falsely Promised They Could Stop Consumers’ Cars from Being Repossessed
WASHINGTON — The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate o
Apr 6, 2012
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Data: Higher Gas Prices and Easier Credit for Less-Qualified Buyers Means Shift to Smaller Vehicles
WESTLAKE VILLAGE, Calif. — While sales of new light vehicles in the United States continued at a brisk pace in March 2012, the types of vehicles being purchased, as well as the types of buyers and the average transaction price are rapidly chan
Apr 6, 2012
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Pre-owned Front End Gross
When we look at pre-owned department gross (front end only) we need to remember that F&I income is a separate entity. The F&I department is responsible for F&I income. Pre-owned managers are primarily responsible for the front end gross.
Apr 5, 2012
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Gear Up for Higher Gross Profits per Sale with Driving From the Desk
Driving From the Desk offers an innovative yet simple way of increasing gross profits for each car sale by training the sales desk with non-confrontational tools in negotiating. Auto sales have been in a slump for the past four years. While sales hav
Apr 5, 2012
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ContactAtOnce! VP of Sales Explains How To Connect with Customers in Every Moment of Truth
Ed Parkinson,VP of sales, automotive solutions at ContactAtOnce!, is sharing his expertise with automotive dealers and managers on how to connect with customers in every moment of truth. As the concept of ZMOT (Zero Moment of Truth) gains traction wi
Apr 5, 2012
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Ford Motor Company and Dealers to Raise Record-Setting $1 Million for High Schools in April
DEARBORN, Mich. — Educational budget cuts are common, forcing schools in every state to either eliminate valued programs or search for other means of funding. To address these needs at a local level and empower communities to support and prote
Apr 5, 2012
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Ray Huffines, Huffines Auto Dealerships
Ray Huffines, 59, is the dealer principal for the Huffines Auto Dealerships, with eight dealership locations in the suburban Dallas market, begun in 1924 as the Huffines Motor Company by Huffines’ grandfather, J.L. Huffines, Sr., and later operated
Apr 5, 2012
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Jerry Rocco, General Manager, Partner and Vice President & Lance Lewis, General Sales Manager, Joe Myers Toyota
Extremely low turnover, promoting from within, and the long tenure of top managers combine to make Joe Myers Toyota a powerhouse for success. Joe Myers Toyota is among the top 15 dealers nationwide in Internet sales, with 2,531 new and used car Inter
Apr 5, 2012
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Group Cars Senior Vice President Discusses The Mobile Revolution: Yesterday, Today and Tomorrow
Ronald Collier, senior vice president of Group Cars, is sharing his expertise with automotive dealers and managers on the mobile revolution: yesterday, today and tomorrow. When we spend a few minutes reflecting on the changes that have transpired in
Apr 5, 2012