Dealer OPS & Leadership
Study Finds Car Buyers Increasingly Rely on Social Networks and Review Sites during Dealership Selection Process
Digital Air Strike study of more than 1,600 car buyers and 600 automotive dealerships found that nearly 70 percent of recent car buyers said review sites influenced where they shopped. Many buyers were also willing to drive long distances to purchase vehicles from...
Ford Credit Earns $355 Million Net Income In The Third Quarter Of 2012
DEARBORN, Mich. -- Ford Motor Credit Company reported net income of $355 million in the third quarter of 2012, compared with $350 million a year earlier. On a pre-tax basis, Ford Credit earned $393 million in the third quarter, compared with $581 million a year...
TD to Donate $500K to American Red Cross to Support Hurricane Sandy Relief Efforts
CHERRY HILL, N.J., and PORTLAND, Maine -- TD Bank Group and the TD Charitable Foundation, funded by TD Bank, America's Most Convenient Bank®, will donate a combined $500,000 to the American Red Cross to support Hurricane Sandy relief efforts. "Our thoughts go out to...
Ally Financial Repays $2.9 Billion of Debt Issued under TLGP
Company expects full repayment in December 2012 DETROIT -- Ally Financial Inc. (Ally) today announced it has repaid $2.9 billion in debt issued under the FDIC's Temporary Liquidity Guarantee Program (TLGP). The company issued this debt on Oct. 30, 2009 with a maturity...
Dataium ASI Shows Chevy Silverado Tops Holiday Shopping List
ASI echoes housing sector with slow, but positive growth Nashville, TN — 10/31/2012 — Dataium, the largest aggregator of online automotive shopper behavior, today released its monthly ASI report. The ASI (Automotive Shopper Intensity) index, a leading predictive...
DealerFire wins Small Business of the Year Award
OSHKOSH, Wis. -- DealerFire, a custom automotive website design company and digital marketing agency located in Oshkosh, WI was presented the Small Business of the Year award from the Oshkosh Chamber of Commerce during the 105th Annual Meeting on Monday. Owner/Founder...
Digital Dealer Launches Virtual Exposition
Digital Dealer Conference & Exposition set to debut the Digital Dealer Virtual Exposition – extending the DD13 Exhibit Hall December 5-11, 2012 The producers of the Digital Dealer Conference & Exposition, the industry’s premier automotive digital strategy...
NADA: Rise in New-Vehicle Demand Helps Stabilize Used Prices
McLEAN, Va. -- After three years of dramatic growth, the average price of used cars and light trucks will rise a modest 1 percent to almost $14,500, the National Automobile Dealers Association (NADA) Used Car Guide predicts in its latest special report. This is part...
Edmunds.com on Used Car Market and Hurricane Sandy
According to Edmunds.com Director of Analysis Dr. Ray Zhou offers his assessment how the USED car market will be affected by Sandy’s devastation: “Used vehicle prices will increase $700 to $1,000 in the impacted area short term due to the damages done to dealer...
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