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NADA Predicts Used-Car Prices to Drop 3% in July
MCLEAN, Va. — Moderate seasonal demand will drive down prices in all used-vehicle segments over the coming months, says Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. This short-term sale
Jun 18, 2012
iAutopayment Introduced to Increase Sales and Profit for CPO Dealer
Chicago – As the auto industry continues to set strides of recovery just as our economy has, taking advantage of new opportunities is necessary for continuing to assist car buyers in getting the vehicles they desire. This is the best time for d
Jun 14, 2012
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Digital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales ManagementSales Strategies
How to Integrate Yesterday’s Personal Touch with Today’s Technology
In today’s market, many dealerships are leaking money. They are unknowingly minimizing, rather than maximizing the effectiveness and profitability of their marketing efforts. It is also the technological innovation used for endless marketing effort
Jun 14, 2012
Penske Automotive Group to Give Customers a 3-Month SiriusXM Subscription on Any Pre-Owned Vehicle with Factory-Equipped Satellite Radio
NEW YORK — Sirius XM Radio (NASDAQ: SIRI) and Penske Automotive Group, Inc. (NYSE: PAG), an international automotive retailer, this week announced that Penske Automotive customers will get a 3-month SiriusXM subscription when they purchase any
Jun 13, 2012
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
FTC Charges Businesses Exposed Sensitive Information on Peer-to-Peer File-Sharing Networks, Putting Thousands of Consumers at Risk
Settlements Require Companies to Establish Comprehensive Information Security Programs In its ongoing efforts to safeguard consumers’ private information, the FTC has charged two businesses [complaint 1 | complaint 2] with illegally exposing the se
Jun 13, 2012
Kia Recalls 72,500 Vehicles
According to the National Highway Traffic Safety Administration’s website, Kia Motors Corporation is recalling 72,500 Kia Rios to fix an issue with the front passenger air bag system. According to NHTSA’s website, the sensor might not be able to
Jun 11, 2012
CarGurus Study Concludes: Get Out of the ’Burbs for the Best Used-Car Deals
Used-Car Shopping at City Dealerships Yields Greater Savings Than in the Suburbs CAMBRIDGE, Mass. — A recent study by auto research and shopping site CarGurus (www.cargurus.com) found that consumers shopping for a used car will find better-pric
Jun 8, 2012
Mercedes-Benz CPO Program Sales Down 4%
Through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,534 vehicles in May; a decrease of 4.1% when compared to May 2011 (sales of 6,816 vehicles). On a year-to-date basis, MBCPO sold 32,826 vehicles, a decrease of 1.9% over th
Jun 7, 2012
BMW Pre-Owned Vehicle Sales Up 7%
In May, sales of BMW used vehicles (including certified pre-owned and pre-owned) increased 7.4 percent to 13,930 vehicles from the 12,975 vehicles sold in May 2011. January through May, BMW used vehicle sales are up 3.1 percent on volume of 68,792 co
Jun 7, 2012