Mercedes-Benz Certified Pre-Owned (MBCPO) program sold 5,895 vehicles in July 2011, a decrease of 14.7%.  On a year-to-date basis, MBCPO sold 45,750 vehicles, a decrease of 5.1 % over the comparable period last year. BMW announced in July, sales of

VW Credit, Inc., the financial services arm of Volkswagen Group of America, has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts. Through this new relationship, VW Credit, Inc. will provide Wolters

The road to the sale has changed. Meet and greets are now done electronically either through e-mail or over the phone. Ninety percent (90%) of prospects search nine different web sites and e-mail or call five different dealerships before ever walking

Audi Certified Pre-Owned sales reported July CPO sales set fifth consecutive monthly record with 3,506 vehicles sold. Audi CPO sales up around 26.8% versus 2010, the previous best July on record. A4 models continue to make up the majority of the sale

FARMINGTON HILLS, MICH — Mercedes-Benz Financial Services USA LLC announced today changes in the leadership of its Marketing operations. Andreas Hinrichs, Vice President of Marketing for Mercedes-Benz Financial Services USA since June, 2008, wi

ATLANTA – Despite the pressures of an uncertain world economy and natural disasters that disrupted the automotive industry, the used vehicle market proved to be a bright spot during the first half of 2011. Retail used car sales volumes and dealer

NEW YORK — Ally Financial Inc. (Ally) this week reported net income of $113 million for the second quarter of 2011, compared to $146 million in the prior quarter and $565 million for the second quarter of 2010.  Core pre-tax income, which refl

I used to wrongly believe that all urgency was good urgency, and was certainly better than no urgency at all. Not quite. Without question, a healthy sense of urgency is an essential ingredient in a high performance culture. But contrary to popular be

It’s been a long hot summer. Especially for Japanese-branded dealers with earthquake-driven inventory constraints that have stunted sales opportunity during some of the most critical months of the year. And all dealers have weathered the effects of