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Dealer Surveys: Annual Used Sales Projected to Rise, Fueling Franchised Store’s Most Profitable Department
Survey results discovered by Ally Financial and KeyBanc Capital Markets through the recent National Automobile Dealers Association Convention & Expo reiterated how important the used-vehicle department is to franchised dealers. In its surve
Feb 20, 2013
Cheapest New Cars to Own for 5 Years
Kelley Blue Book, the car-pricing guide, has released its 2013 5-Year Cost to Own Awards. Their picks are based on the vehicles’ Kelley Blue Book Fair Purchase Price, expected depreciation, financing, gas, maintenance and insurance costs over the f
Feb 19, 2013
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Dealer/GM NewsDigital DealerEveryoneFinance & Insurance NewsFixed Operations NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
Bipartisan Bill to Repeal Obsolete Paperwork Requirement at Auto Dealerships Introduced
Legislation, H.R. 724, was introduced late yesterday in the U.S. House of Representatives that would eliminate a mandate that requires dealers to certify if a new vehicle has an emissions system. Under the Clean Air Act, dealers are required to prese
Feb 19, 2013
comScore Releases the “2013 U.S. Digital Future in Focus” Report
comScore, Inc. (NASDAQ: SCOR), a global leader in digital measurement and analytics, today released the 2013 U.S. Digital Future in Focus report. This annual report examines how the prevailing trends in social media, search, online video, digital adv
Feb 19, 2013
Budget cuts may affect air travel, but not car safety
Washington — The U.S. Transportation Department faces a $1 billion budget cut if mandatory spending cuts take affect March 1, which would reduce U.S. air travel, but not curtail vehicle safety programs. Transportation Secretary Ray LaHood told the
Feb 19, 2013
U.S. Auto Dealer Network Rose in 2012
U.S. Auto dealers on pace to break all-time record of sales and dealership networks. According to The Detroit News, annual dealership growth is up: and the current not likely to change. Learn more about the likely turnaround and exciting sales succes
Feb 19, 2013
Auto Industry to Drive Capital in Bearings
Automotive Industry set to revive capital investments for future Bearings market; next five (5) years forecast promising growth, GIA analytics team says. Sources at PRWeb Online examine the impact of changing technology and materials in essential cap
Feb 18, 2013
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Finance & Insurance News
Ally Bank Reaches Agreement to Sell Business Lending Mortgage Operation
Ally Bank, the direct banking subsidiary of Ally Financial Inc., today announced that it has reached an agreement to sell its Business Lending mortgage operation to Walter Investment Management Corp. Ally Bank announced that it would pursue alterna
Feb 18, 2013
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Finance & Insurance News
Total Auto Loans, Balances at 40-Month Highs, Equifax Reports
According to an article on F&I and Showroom… ATLANTA — According to Equifax’s latest National Consumer Credit Trends Report, balances on outstanding auto loans at the end of January totaled $782 billion, the highest level since January
Feb 15, 2013