Dealer OPS & Leadership
Four Ways to Shift your Dealership Performance into ‘Overdrive’
“Dale, remember this. As the used vehicle department goes, so goes the entire dealership.” My dad offered this advice as I was taking over the used vehicle department at our Cadillac store. I don’t think his guidance was unusual for dealers of his era. In my dad’s...
AutoNation Announces December 2012 Retail New Vehicle Unit Sales of 27,958
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced that its retail new vehicle unit sales in December 2012, as reported to the applicable automotive manufacturers, totaled 27,958, an increase of 15% as compared...
SFG Finance Announces Program Changes for 2013
ARLINGTON, Texas — SFG Finance LLC, a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced two major changes in SFG’s business model for 2013. First, a new scoring model for bulk purchases...
December Deals and Incentives Got a Head Start in November, Reports Edmunds.com
SANTA MONICA, Calif. — Even as automakers swarmed airwaves with year-end deals and promotions, automotive incentives remained stable in December, reports Edmunds.com, the premier resource for car shopping and automotive information. According to Edmunds.com’s True...
Transaction Prices in December 2012 Rise To Record High; Industry Incentives Decline Nine Percent From Last Year According to TrueCar
Industry Transaction Prices Highest Ever in December 2012; Industry Incentives Continue to Decline from 2011 SANTA MONICA, Calif. -- TrueCar, Inc. the authority on car pricing information, trends and forecasts, estimated today that the average transaction price for...
Avis Budget Group to Acquire Zipcar for $12.25 Per Share in Cash
PARSIPPANY, N.J. and CAMBRIDGE, Mass. -- Avis Budget Group, Inc. (NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per share in cash, a 49% premium over...
Direct Auto Loan Delinquencies Rise
Consumer Delinquencies Continue Decline in Third Quarter 2012 WASHINGTON – Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their financial base amid economic...
IIHS Names Safest Cars For 2013
New TOP SAFETY PICK+ award goes to 13 cars; 117 additional vehicles earn TOP SAFETY PICK ARLINGTON, Va. -- To reward 2013 models with superior crash protection, the Insurance Institute for Highway Safety (IIHS) is awarding its new Top Safety Pick+ accolade to 13 cars....
Toyota Motor Sales Reports December Sales Increase
Annual Sales Top Two Million on Strength of New Products TORRANCE, Calif. – Toyota Motor Sales (TMS), U.S.A., Inc., today reported December 2012 sales of 194,143 units, up 13.2 percent compared to the same period last year on a daily selling rate (DSR) basis. ...
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