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Dollar Thrifty Automotive Group Reports Record Second Quarter Earnings

Diluted Earnings Per Share Increases 24 percent TULSA, Okla. — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) last week reported results for the second quarter ended June 30, 2012.  Net income for the 2012 second quarter was $49.4 million,
Aug 9, 2012

Kbb.com: High Used-Car Values Contribute Heavily to Higher Demand for New Vehicles

According to Alec Gutierrez, senior market analyst of Automotive Insights for Kelley Blue Book, with some one- and two-year-old used vehicles commanding as much as 90% of original MSRP, many consumers have opted to purchase a new vehicle rather than
Aug 3, 2012

3 Ways to Reduce the Risk of Used Vehicle Market Volatility

I like the analogy a Midwest dealer recently shared as we discussed recent declines in wholesale used vehicle values: “I try to manage my used vehicle inventory like a bobber on a lake. When wholesale values drop, it’s like a wave washes over the
Aug 3, 2012

U.S. News & World Report Launches Used Car Rankings

WASHINGTON — U.S. News & World Report, one of the most trusted sources for consumer recommendations, today expanded its Best Cars rankings to include used vehicles. The Used Car Rankings include nearly 600 cars, SUVs and minivans from the 2
Aug 3, 2012

Luxury Pre-Owned Brand Sales Up in July

For most of the luxury brands, pre-owned sales in July were up, except for BMW. Click below to find out full Certified Pre-owned sales for July: BMW Used Vehicle Sales Down 5.9% Mercedes-Benz CPO Sales Up 10% Porsche Approved Certified Pre-Owned Vehi
Aug 3, 2012

Your Inventory Merchandising Must Come Full Circle

As we better understand the evolving needs, expectations and behaviors of online car shoppers, it becomes necessary to continually refine inventory presentation, contact methods and provide an intuitive shopping experience to set the dealership’s i
Aug 2, 2012

Mercedes-Benz CPO Sales Up 10%

Through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,519 vehicles in July; an increase of 10.6% when compared to July 2011 (sales of 5,895 vehicles).  On a year-to-date basis, MBCPO sold 45,938 vehicles, an increase of 0.4% ov
Aug 2, 2012

Audi Certified Pre-Owned Sales Set Sales Record in July

Audi Certified pre-owned sales of 3,136 vehicles set a record as the second-best July despite the reduced inventory of available models for the program.
Aug 1, 2012

BMW Used Vehicle Sales Down 5.9%

In July, sales of BMW used vehicles (including certified pre-owned and pre-owned) decreased 5.9 percent to 12,658 vehicles from the 13,449 vehicles sold in July 2011.  January through July, BMW used vehicle sales are up 2.1 percent on volume of 94,9
Aug 1, 2012