Dealer OPS & Leadership
After Strong 2012, This Year Likely ‘Even Bigger’ for Sonic’s Used Operations
In what was a strong year for the retailer’s pre-owned department, Sonic Automotive increased its used-vehicle retail sales by more than 6 percent for both full-year 2012 and the final quarter of the year. Specifically, Sonic moved 23,943 used retail units in the...
Lithia Focused on Reaching 75 Monthly Used Retail Sales Per Store
As the company closed the year with the highest fourth quarter adjusted net income in company history, Lithia Motors watched its used-vehicle division continue to work toward the goal of turning 75 units per store monthly. On Wednesday, Lithia reported that its...
Westlake Remarketing Announces 2012 Top Auctions
LOS ANGELES, CA - Westlake Financial Services Remarketing Department names their top auctions for 2012. Rawls Auto Auction (Leesville, SC) is named the Eastern Region Auction of the Year, Kansas City Independent Auto Auction (Kansas City, MO) takes top honors for the...
KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2012 Results
Board Announces Quarterly Dividend of $0.19 per Common Share CARMEL, IN - KAR Auction Services, Inc. reported its fourth quarter financial results for the period ended December 31, 2012. For the fourth quarter of 2012, the company reported revenue of $493.7 million as...
Auto Dealerships in 2025 – A Strategic Vision
After surviving what was quite possibly some of the worst economic conditions in automotive retailing in modern times, dealerships are regaining their footing with solid profitability and are now looking forward to the future. To begin looking at what the future may...
Customer’s Choice: What do successful baseball players, fishermen, restauranteurs and F&I managers have in common?
Adapting your dealership and office to the customer's experience is still a go-to tactic for good Customer Relations. Sources at F&I and Showroom talk missed opportunities and making up for lost time in this lively analysis: The best hitter on every professional...
Ally Financial Beefs Up Dealer Services
According to an article on F&I Magazine, Ally Financial beefs up dealer services. DETROIT — Ally Financial has enhanced services offered to dealers through its Performance Development Center and Relationship Management Center. Dealers will be offered more training...
Sonic: SIMS Can Help Push Monthly Per-Store Used Sales to New Heights
Sonic Automotive finished rolling out its Sonic Inventory Management System this month and believes that once the company is fully acclimated to using the centralized inventory management tool, monthly per-store used unit sales can eclipse 100, eventually beating the...
9 cars with small price tag and big surprises
The average price of a new vehicle was $30,803 in 2012, according to automotive information company Edmunds.com. So what could you get for about half of that amount? The answer is: more than you might expect. There are nine new cars with prices starting at less than...
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