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Audi April Certified Pre-Owned Sales Hindered by Reduced Availability of Models to Sell

HERNDON, Va. – Audi has reported record-setting April sales with a 15% increase to 11,521 new vehicles sold, marking the 16th consecutive month of record sales in the U.S.  April sales also marked the fourth-best month ever for the brand and set
May 3, 2012

In April, BMW Pre-Owned Vehicle Sales fell 7%

In April, sales of BMW used vehicles (including certified pre-owned and pre-owned) fell 7.0 percent to 13,511 vehicles from the 14,521 vehicles sold in April 2011.  January through April, BMW used vehicle sales are up 2.1 percent on volume of 54,862
May 3, 2012

Through Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,368 vehicles in April

MONTVALE, N.J. — Mercedes-Benz USA (MBUSA) has reported April sales of 22,336 for its Mercedes-Benz models, a 23.8 % improvement over April 2011, delivering a year-to-date total of 83,849 new vehicles to customers, up 17.5%.  Combined sales of Mer
May 3, 2012

J.D. Byrider announces asset-backed securitization

INDIANAPOLIS – J.D. Byrider, the nation’s leading used car sales and finance enterprise, closed its first asset-backed securitization today. “Entering the securitization market has been our focus for almost a year, and this deal allows us t
May 3, 2012

GM Reports April Sales of 213,387 Vehicles

DETROIT – General Motors Co. (NYSE: GM) has reported April sales of 213,387 vehicles in the United States.  Retail sales were essentially equal to April 2011.  GM’s fleet sales declined 25 percent due to the timing of rental customer deliverie
May 2, 2012

All-New 2013 Dodge Dart Debuts on Chrysler Group LLC’s World Headquarters’ Building

AUBURN HILLS, Mich.– The all-new 2013 Dodge Dart will soon begin to arrive at Dodge dealers across the country and the Dodge brand is announcing its compact car entry to all by placing the Dart’s image on the front of Chrysler Group LLC&#
May 1, 2012

Beyond Price: A Holistic Approach to Used Vehicle Profitability

Many dealers have come to understand that if they price a used vehicle too high, today’s market-conscious used vehicle shoppers won’t give the car a second look. This understanding has pushed some dealers in a positive direction. They are more ma
May 1, 2012

MANHEIM PROMOTES JOE GEORGE TO SENIOR VP Digital and In-Lane Product Development

 ATLANTA – As part of its continuing focus on serving customers in any way they choose, Manheim announced the promotion of Joe George to senior vice president, digital and in-lane product development. The new position is an expansion of George’s
Apr 30, 2012

Group 1 Automotive Reports Retail Used Vehicle Unit Sales Surged 24%

HOUSTON — Group 1 Automotive, Inc., a Fortune 500 automotive retailer, has reported record first-quarter 2012 net income of $23.1 million, a 49.1 percent increase, and record first-quarter diluted earnings per common share of $0.97, a 51.6 per
Apr 26, 2012