Dealer OPS & Leadership
Used Cars Sales Estimated to be Up 4.5% from 2010
SANTA MONICA, Calif. -- TrueCar.com, the authority on new car pricing, trends and forecasting, today released its September 2011 sales and incentives forecast. The forecast shows the following: For September 2011, new light vehicle sales in the U.S. (including fleet)...
VW Credit, Inc. Names New President and CEO…
HERNDON, Va. -- Andrew Stuart has been appointed President and CEO of VW Credit, Inc., effective January 2012. He will report to Frank Witter who is Chairman of the Board of Directors for VW Credit, Inc. Stuart will succeed Kevin Kelly, 65, the current President and...
BMW Financial Services Targets College Graduates and Young Professionals
Woodcliff Lake, NJ – BMW Group Financial Services has opened the door for college graduates and young professionals to increase their purchase power through the company’s College Graduation Program. The Program encompasses both leases and loans and applies to new and...
Report: Facebook Refers 6% of New-Vehicle Buyers to Automaker Websites
WESTLAKE VILLAGE, Calif. -- Social networking site Facebook refers nearly as much new-vehicle buyer traffic to automaker websites as do major independent automotive content providers (for example, Autotrader.com, Cars.com and Edmunds.com), according to the 2011...
Inspection Finds 30% of Off-Lease Vehicles with Rolled Back Odometers
LONG BEACH, Calif. – AiM Mobile Inspections, evaluators of new and used vehicles, has identified a growing trend among off-lease vehicles in the Northeast: tampered digital odometers. AiM which reviews up to 9,000 off-lease vehicles each month in the region, has seen...
2011 Auto Dealer Internet Marketing Survey Results
Fort Lauderdale, FL – AutoUSA Internet Sales Solutions recently announced the results of its 2011 auto dealer Internet marketing survey. The survey results reveal the economy is having a significant influence on customers’ abilities to buy cars, and that staffing...
Dollar Thrifty Automotive Group Amends Senior Secured Credit Facility
TULSA, Okla.-- Dollar Thrifty Automotive Group, Inc. announced the completion of an amendment to its senior secured credit facility that increased the aggregate amount of share repurchases permitted under the facility. The Company simultaneously announced that the...
Report: Electric Vehicle Penetration Rates to be Highest in Smaller States
Sales of plug-in electric vehicles (PEVs) are expected to accelerate rapidly over the next several years, posting a compound annual growth rate of 43% between 2011 and 2017, with annual sales reaching almost 360,000 vehicles by 2017. Adoption of PEVs will vary...
vAuto Senior VP of Performance Management Explains Key Performance Indicators For Managing and Succeeding in Today’s Used Car Market
Over the past couple of years, dealership inventory and sales operations have gone through significant changes. And while these new ways of doing business have been met head on and with much enthusiasm, the benchmarks against which your sales and inventory has...
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