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Leading Automotive CRM DealerSocket Selected by AlwaysOn as an OnDemand Top 100 Winner
SAN CLEMENTE, Calif. — Leading auto dealer CRM DealerSocket (DealerSocket.com) announced today it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners. Inclusion in the OnDemand 100 signifies leadership amongst its peers and game
Apr 25, 2012
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Edmunds.com: Consumers Spend Only Half of Recommended Down Payment on New Car Purchases
SANTA MONICA, Calif. — U.S. consumers averaged an 11 percent down payment on new car purchases in 2011, according to Edmunds.com, the premier online resource for automotive information. The average is only slightly more than half of Edmunds.comR
Apr 25, 2012
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AutoNation Reports All-Time Record Quarterly EPS from Continuing Operations
FORT LAUDERDALE, Fla. — AutoNation, Inc., America’s largest automotive retailer, has reported 2012 first quarter net income from continuing operations of $74 million, or $0.56 per share, compared to net income from continuing operations o
Apr 25, 2012
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The Conference Board Consumer Confidence Index® Virtually Unchanged
NEW YORK — The Conference Board Consumer Confidence Index®, which had declined slightly in March, was virtually unchanged in April. The Index now stands at 69.2 (1985=100), down slightly from 69.5 in March. The Expectations Index declined to 8
Apr 25, 2012
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Analysts Predict Redesigned Nissan Altima Could Be Best-Selling Family Sedan by End of 2012
CHICAGO — Analysts at Cars.com, the premier online resource for buying and selling new and used vehicles, are predicting a significant increase in sales for the newly redesigned 2013 Nissan Altima, which could make the Altima the best-selling s
Apr 24, 2012
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