Dealer OPS & Leadership
What is your Manufacturer’s Credit Score? You Should Know, it Matters
Dealers are exceptional at tracking their financials. They often recite from memory their monthly new car PVRs and net income, sometimes to the penny! They know their net to gross and net to sales ratios, as well as key balance sheet figures such as total inventory,...
Auto Loan Default Rates Go Up
NEW YORK-- Data through August 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 the bank card default rates decreased in August to...
CarMax Wholesale Unit Sales Increase 23%
RICHMOND, Va. -- CarMax, Inc. this week reported results for the second quarter ended August 31, 2011. Net sales and operating revenues increased 11% to $2.59 billion from $2.34 billion in the second quarter of last year. Comparable store used unit sales declined 2%...
Will September Auto Sales Reach Above 10 Million Units?
WESTLAKE VILLAGE, Calif. — New-vehicle retail sales for September continue to improve, with the selling rate expected to be much stronger than in August, according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 retail...
RoadVantage Taps F&I Administration Solutions For F&I Software Administration
AUSTIN, Texas – RoadVantage, the first aftermarket company to offer dealers the advantage of 90-days free aftermarket programs, today announced a partnership with F&I Administration Solutions, LLC that was signed in August 2011. They recently went live with...
Which City Claimed the Title of Fastest-Growing New Car Market?
SANTA MONICA, Calif. — Atlanta is the hottest U.S. market for new car buyers, reports Edmunds.com, the premier online resource for automotive information. An Edmunds.com analysis of automotive registration data reveals that new retail car registrations in the Atlanta...
NADAguides Announces Top Recommended Current Buys
COSTA MESA, Calif., -- NADAguides, the leading vehicle pricing and information provider on the Internet, recently released its Quarterly Car Buyers Market Report, which features nine current models from nine different manufactures – Audi, BMW, Chevrolet, Ford, GMC,...
National Automotive Experts to Connect to Provider Exchange Network for e-Contracting
TROY, Mich. – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, has announced it has launched an integration project with National Automotive Experts (NAE) to offer dealers the ability to electronically contract Vehicle Service Contracts and...
Zurich’s James Noble wins Risk & Insurance’s Innovator award for Zurich Fleet Intelligence
Schaumburg, Ill. – Coming up with a comprehensive fleet telematics program that not only focuses on driver safety, but also fleet safety, costs and efficiency has earned Zurich and one of its risk engineers national recognition. James Noble, Line of Business Director,...
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