Sales & Variable OPS
GM to Buy Back Stock from U.S. Treasury Department
U.S. intends to fully exit GM investment within 12-15 months DETROIT - General Motors today said it will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is part of the...
J.D. Power and LMC Automotive Report: New-Vehicle Retail Sales Expected to Close Out 2012 with Strong Performance
WESTLAKE VILLAGE, Calif. -- December's new-vehicle retail selling rate remains robust near the close of 2012, with potential buyers unfazed by the current level of economic uncertainty generated by the fiscal cliff negotiations in Washington, D.C., according to a...
New Research on QR Codes and Mobile Apps: What Consumers Want
Auto service customers demand tangible value and efficiencies such as coupons and online appointment scheduling -- not generic, sales-y info, according to DMEautomotive DAYTONA BEACH, Fla. -- DMEautomotive (DMEa), the leader in science-based, results-driven automotive...
AAIA Joins Coalition in Urging President to Prevent East and Gulf Coast Port Strike
BETHESDA, MD – The Automotive Aftermarket Industry Association (AAIA) joined 107 local, state and national trade associations today in a letter to President Obama, expressing concern over a potential East and Gulf Coast port strike. The letter urges immediate action...
FIS Selected by VW Credit, Inc. to Support North American Loan and Lease Processing
JACKSONVILLE, Fla. − FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, announced that VW Credit, Inc. (VCI) will deploy FIS’ AutoSuite™ automotive finance solution for its North American loan and lease processing. VCI will also deploy...
Goldman Sachs Affiliate Acquires Safe-Guard
Atlanta, GA – Safe-Guard Products International, LLC (“Safe-Guard” or the “Company”), a leading provider of finance and insurance (“F&I”) products to the automotive industry, announced today that an affiliate of Goldman Sachs, in partnership with management, has...
Congress Repeals Obsolete Insurance Booklet Mandate at Dealerships
WASHINGTON – Senators approved today a bipartisan bill, H.R. 5859, which eliminates an unnecessary mandate that requires new-car dealerships to keep an obsolete insurance booklet on hand or face a hefty fine. The legislation, endorsed by the National Automobile...
Create a 2013 Digital Marketing Strategy While You Are Home for the Holidays
While you enjoy the holiday season this year, if you find yourself with a few moments of downtime, you can always learn how to sell and service more vehicles more profitably. The live portion of the Digital Dealer Virtual Exposition ended last week, but the top eleven...
Lithia Motors Increases Credit Facility to $800 Million
MEDFORD, OR-- Lithia Motors, Inc. (NYSE: LAD) announced today that it has increased its existing revolving syndicated credit facility by $150 million, bringing the total availability to $800 million. The facility includes 10 institutions and will expire in April 2017....
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