Dealer OPS & Leadership
Nicholas Financial Reports Record 2nd Quarter Results & Quarterly Dividend
Clearwater, Florida - Nicholas Financial, Inc., that for the three months ended September 30, 2011 net earnings increased 39% to $5,520,000 as compared to $3,982,000 for the three months ended September 30, 2010. Per share diluted net earnings increased 35% to $0.46...
Chrome Systems Offers Newly Expanded Image Gallery for Automotive Retailing Websites
Portland, Ore. ─ Chrome Systems, Inc., a subsidiary of DealerTrack Holdings, Inc., and a leader in managing automotive data, announced the availability of its newly expanded Image Gallery solution, a comprehensive and cost-effective library of vehicle photographs for...
Jeff Schmitt Auto Group’s Six Dealerships in Ohio Selected as Motor Trend® Certified Dealerships
Norcross, GA – MOTOR TREND®, a publication of Source Interlink Media, LLC, a subsidiary of media and marketing services company Source Interlink Companies, Inc, and EasyCare® (www.easycare.com), the leading independent provider of automotive benefits specifically...
Hyundai Turns Up the Heat on Toyota and Honda in the Certified Pre-Owned (CPO) Arena
ATLANTA -- The rise of the Korean automakers in the wake of Toyota and Honda's struggles earlier in the year has been well documented on the new-car front, but it appears that these Japanese automakers may soon be facing stiff competition in the certified pre-owned...
Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today’s Economy
ATLANTA -- Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. Auto finance lenders haveoutpaced bank and credit union lending to subprime borrowers*over...
Audi CPO Reports 8th Consecutive Record Sales Month
Audi Certified Pre-Owned sales of 2,776 vehicles mark the best October on record and the eighth-consecutive record month. Year-to-date sales of 31,165 put Audi on track to deliver one of the best CPO years on record. Audi Certified Pre-Owned sales and news notes Audi...
CarGurus Used Car Price Index Down 1.7% This Fall
CAMBRIDGE, Mass. -- CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used car prices peaked last...
Ally Financial Reports Net loss of $210 million
NEW YORK -- Ally Financial Inc. (Ally) reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pre-tax income, which reflects...
Dollar Thrifty Automotive Group Reported Net Income of $66.6 Million
TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2011. Net income for the 2011 third quarter was $66.6 million, or $2.13 per diluted share, compared to net income of $49.2 million, or...
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