Dealer OPS & Leadership
Polk: Average Age of Vehicles Reaches Record High
SOUTHFIELD, Mich. -- The average age of cars and light trucks currently in operation in the U.S. has increased to 10.8 years, according to Polk, a leading global automotive market intelligence firm. Passenger cars showed a modest increase in age since 2010, from 11...
Consumers Spend Money to Fix Older Vehicles
A story from the Sentinel and Enterprise.com said an auto repair shop owner out of Massachusetts said auto repair business is picking up due to the fact people are keeping their vehicles longer. The owner said his customers are spending time and money to make sure...
Nissan North America Appoints New Vice President for Midwest Region
FRANKLIN, Tenn. -- Nissan North America recently announced thatBryan Dumais has been named regional vice president, Midwest region, Nissan Sales Division, effective immediately. He will report to Al Castignetti, vice president, Nissan Sales Division, Nissan North...
Implement a Compliance Program
A few months back I posed the question, “Can you pass a compliance audit?” The response was heartening. Most of you believe you have the appropriate processes in place, some of you submitted relevant questions, a few of you requested we help you further. The article...
CarFinance.com Launches to Empower Credit-Challenged Car Shoppers
IRVINE, Calif. -- CarFinance.com launches today with a mission to empower the more than 1 in 3[1] car buyers (36%) who have less-than-prime credit. Unlike other websites that promise to provide financing, only to then sell loan applicants' information elsewhere,...
S&P/Experian Credit Default Indices: Auto Loans Default Rates Increased to 1.27%
NEW YORK -- Data through December 2011, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that most loan types saw an increase in default...
Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels
NEW YORK -- Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two years ago, Mercedes-Benz Financial Services (MBFS) has received over $50 million in payments via mobile channels -- and the number is...
SureSale™ Certified Launches in Phoenix: More Vehicles Eligible for CPO Programs
VENICE, Calif. -- Mota Motors, a leading provider of online vehicle certification and selling platforms, today announced that SureSale™Certified, a comprehensive certified pre-owned (CPO) marketing program launched today in Phoenix. SureSale expands the range of...
Kelley Blue Book Reports Used-Car Values to Jump 3 to 5% in First Quarter
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that buyers in the market for a used car should purchase sooner rather than later, as Kelley Blue Book anticipates used-car values to increase 3 to...
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