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Research: Does Facebook Work for Auto Dealerships?

Market Research Sheds Light on New Car Buyers and Social Networking CINCINNATI — More than one in four new car buyers visit social networking sites at least weekly, according to research released today by Friedman-Swift Associates, a national
Nov 6, 2012
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Interview with Jim Seavitt, Dealer Owner, Village Ford, Dearborn, MI

Not many dealerships can say their original showroom’s façade was designed by Henry Ford, or that the chandelier hanging there now was a gift from him. Then again, not many dealerships are candidates for the national registry of historic buildings
Nov 6, 2012
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Are Your Advertisements in Compliance with Federal and State Law?

Earlier this year the Federal Trade Commission (“FTC”) began to crack down on several dealerships in South Dakota, North Carolina, Connecticut and West Virginia who were running advertisements which may have violated the Truth in Lending Act. Add
Nov 6, 2012
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Special Report: 2012 Chrysler Group LLC U.S. Sales Archive

Chrysler Group LLC Reports October 2012 U.S. Sales Increased 10 Percent; Best October Sales in Five Years Auburn Hills, Mich.  – Chrysler Group LLC reported U.S. sales of 126,185 units, a 10 percent increase compared with sales in October 201
Nov 6, 2012
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10 Traits of a Top-notch Leader

Every couple of years or so, I enjoy presenting a compelling list of leadership traits for reader-evaluation. While there is no perfect list of great leadership traits—and I could never fit a complete inventory into the confines of this column even
Nov 6, 2012
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Consumer Reports Index: Americans’ Financial Woes Lessen Dramatically

Rising Sentiment, Higher Planned Spending Portends  a Busy Holiday Season for Americans and Retailers YONKERS, N.Y. — The Consumer Reports Index, an overall measure of Americans’ personal financial health, revealed a major decline in the
Nov 6, 2012
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Penske Automotive Reports Used Unit Retail Sales Increased 20.4%

BLOOMFIELD HILLS, Mich. —Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today record third quarter adjusted income from continuing operations and related earnings per share. For the third quarter 2012,
Nov 6, 2012
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Do your Due Diligence

A little effort now can save a lot of money later The most common calls I get are usually related to new managers or major obsolescence issues, but every so often I am asked to review the inventory of a prospective buy-sell dealership. I have to admi
Nov 6, 2012
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Edmunds.com on American Suzuki Filing for Bankruptcy

American Suzuki announced late yesterday that it is filing for bankruptcy and will withdraw from the U.S. market. Edmunds.com Senior Analyst Jessica Caldwell offers the following reaction: “No one should be surprised by this announcement, given
Nov 6, 2012