Dealer OPS & Leadership
Kbb.com Analyst: New-Vehicle Sales Increase at Expense of Used Cars
According to Alec Gutierrez, senior market analyst of automotive insights, Kelley Blue Book, the gap between new- and used-vehicle pricing in many segments has narrowed significantly, with new vehicles, on average, selling for only 11.5 percent more than a comparable...
GM Reports CPO Sales Totaled 23,224 in July 2012
Below please find sales numbers for General Motor's certified pre-owned vehicles for the month of July 2012: Chevrolet, Buick, GMC July 2012: Month end total sales: 22,039 Month over month percent change vs. June 2012: -8.5% Year over year percent change July...
Toyota Financial Services Announces Expansion of its “Making Life Easier” Scholarship Program to $1 Million
TORRANCE, Calif. -- Toyota Financial Services (TFS) today announced the expansion of its Making Life Easier scholarship program to $1 million for 2013, which will provide scholarships to underserved students through Boys & Girls Clubs of America as well as other...
July Bankruptcy Filings Fall 12% from 2011
Alexandria, Va.— Total bankruptcy filings in the United States for July 2012 decreased 12 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 97,073, down from the 110,173 filings registered in July...
Manufacturers Getting More Comfortable in Court
Dealers more frequently finding themselves on the receiving end of a surprise lawsuit In the past 18 months, there has been a clear trend of manufacturers going on the offensive against dealers. In a number of unrelated matters, manufacturers have brought claims for...
GM’s $460 Million Investment Adds Flexibility to Spring Hill Engine
SPRING HILL, Tenn. – General Motors literally started from the ground up in building its new $460 million engine plant where the Ecotec 2.5L engine that debuts in the 2013 Chevrolet Malibu will be assembled. It is the latest milestone in the plant’s 23-year history of...
P-F clamps enhance body shop versatility, speed
WEST BOYLSTON, MA -- Porter-Ferguson offers pull clamps to fit the needs and increase the versatility and throughput of large and small auto body repair shops. The rugged, drop forged clamps were designed by body repair professionals for maximum performance and long...
Dollar Thrifty Automotive Group Reports Record Second Quarter Earnings
Diluted Earnings Per Share Increases 24 percent TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) last week reported results for the second quarter ended June 30, 2012. Net income for the 2012 second quarter was $49.4 million, or $1.69 per diluted...
Ally Financial’s SmartAuction Reaches Milestone with Sale of 4 Millionth Vehicle
DETROIT -- SmartAuction, Ally Financial's online used vehicle auction, just sold its 4 millionth vehicle. Established in 2000, SmartAuction is a wholesale internet remarketing channel for dealers, rental car companies and other consignors seeking to sell or purchase...
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