Dealer OPS & Leadership
Wholesale Depreciation Slows in August
According to September’s edition of Guidelines, NADA Used Car Guide's monthly market update, used vehicle demand is still firm. Light vehicle highlights include: Wholesale Depreciation Slows in August Market average slips by a better-than-expected 1.9%; gasoline surge...
Hertz Commences Tender Offer to Acquire Dollar Thrifty
PARK RIDGE, N.J. -- Hertz Global Holdings, Inc. (NYSE: HTZ) this week commenced a cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). As previously announced on August 26, 2012, Hertz and Dollar...
What to Know When Buying Used
DETROIT – As a leader in vehicle connectivity, OnStar provides valuable services to not only owners of new General Motors vehicles, but to owners of used vehicles as well. Approximately 3.3 used cars are sold for every one new car sold, which makes understanding the...
Cadillac CPO Sales Up 8%
Cadillac certified pre-owned sales were up 8.4% in August 2012 vs. July 2012. For Chevrolet, Buick, GMC certified pre-owned vehicles, sales were up 5.7% vs. July. Chevrolet, Buick, GMC August 2012: Month end total sales: 23,305 Month over month percent change vs. July...
President of DrivingLoyalty.com Discusses How Data Drives Customer Loyalty and Retention
Today’s educated consumers seek information relevant to them and their ongoing ownership experience versus simply researching their next vehicle purchase. Scott Davis, president of DrivingLoyalty.com, will share with you technology driven solutions and processes...
Reality TV Can Help You Sell Cars
For better or worse, reality TV has taken network programming by storm. Like you, I have gotten hooked on “Storage Wars”, “American Pickers”, “Desert Car Kings” and others. I am convinced by the booming success of reality shows that a lot of Americans love to watch...
Comerica Bank Reports Auto Affordability Improves In Second Quarter
DALLAS -- The purchase and financing of an average-priced new vehicle took 22.9 weeks of median family income in the second quarter of 2012, according to Comerica Bank's Auto Affordability Index. Consumers on average spent roughly the same amount on new cars in the...
Five Great Car Lease Deals Under $200 Per Month Identified By KBB.com
Auto Leasing May Make More Sense for Some 2012 Car Shoppers, Finds Kelley Blue Book IRVINE, Calif. -- Leasing makes sense for car shoppers looking for the best bang for the buck on a monthly payment versus buying a car. During September 2012, consumers can find a...
Kbb.com: Used-Car Values Continue to Decline
According to Kbb.com’s Blue Book Marketing Report for September 2012 , used-car values continue to decline. Kbb.com said even as fuel prices approached record highs this year, values of fuel-efficient vehicles have continued to lead market declines during the past...
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