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Sales Are Up, But Net Profits Are Down: How Can That Be?

The average dealership parts and service department brought in more annual revenue than the previous year, and yet took less money to the bank. According to NADA DATA 2011, the average dealership saw their year over year parts and labor sales grow by
Oct 21, 2011

Used Prices to Drive New Car Sales in Fourth Quarter

MCLEAN, Va. — Above average trade-in values for used cars are expected to increase new vehicle sales in the fourth quarter, says Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. “We ex
Oct 21, 2011

Chase Partners with Aston Martin on New Financing Program

GARDEN CITY, NY – Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin’s first U.S. retail subvention program. Chase’
Oct 21, 2011

Deloitte Consumer Spending Index Sinks to Lowest Level Since May 2009

NEW YORK — The Deloitte Consumer Spending Index (Index) plunged in September to its lowest level since May 2009, primarily due to a significant fall in home prices and deterioration in real wages.  The Index tracks consumer cash flow as an
Oct 20, 2011

Inspect What you Expect (and Other Clichéd Lessons your Managers have Forgotten)

Last month I visited a dealer-client to conduct a full-day, deep-dive into their digital marketing and Internet sales processes. The store had been reporting erratic results (up a little one month, down a lot the next), which is usually indicative of
Oct 20, 2011

AutoAlert® Inc. Will Receive Two New Patents for Revolutionary Solution That Helps Auto Dealers Sell More Cars and Services to Existing Customers

IRVINE, CA – AutoAlert,® Inc., the innovator in providing data analytic and lead-generation solutions to auto dealers, said today it had received formal “notice of allowance” for two new U.S. patents. AutoAlert enables auto dealers to uniquely
Oct 19, 2011

Helping Used Vehicle Managers Efficiently Find the ‘Right’ Vehicles

It’s no mystery why many dealerships can’t effectively move the sales needle in their used vehicle departments. The fact is, it’s harder than ever to find used units that are “right” for a store’s market area and profit goals, let alone f
Oct 19, 2011

GM Develops Mobile Technology That Watches Road Ahead

DETROIT – New technology being developed by General Motors researchers could alert drivers of potentially dangerous driving situations in advance by using small, portable devices to create a wireless safety net. These portable devices are designed
Oct 19, 2011

Chevy Sonic to Launch ‘Let’s Do This’ Digital Campaign

DETROIT – Donating blood in a vampire costume and working out in a grocery store are two of the offbeat ways Chevrolet is trying to get its 18- to 30-year-old target audience to play along in the launch of the all-new 2012 Chevy Sonic. “Let’s
Oct 19, 2011