Sales & Variable OPS
‘Diamond Rings’ Shine on Chevrolet Sonic, Cruze
DETROIT – The diamond-hard technology that enables razor blades to shave closer and last longer also allows the piston rings of the Ecotec 1.4L turbo engine, available on the 2012 Chevrolet Sonic and Cruze, to operate with less friction for better fuel efficiency and...
Dealerships Adding Services and Lowering Prices to Compete with Independent Repair Services
According to The Detroit News, Dealerships whose warranty business is waning are adding services and lowering prices at their service counters to compete with independent shops and remain profitable. To read this story, visit: The Detroit News
Flagship Credit Acceptance Announces Inaugural Issuance fo $109 Million Asset-Backed Securitization
CHADDS FORD, PA –Flagship Credit Acceptance LLC (“Flagship”), a national indirect automobile finance company, announced the issuance of its first asset-backed securitization of $109 million, which was completed on July 12, 2012. The securitization will increase...
NCM® Associates to Host an Open House for Auto Dealers Attending The NAMAD 2012 Member Conference in Las Vegas This Month
Overland Park, Kan.: NCM® Associates, a leading provider of 20 Group, retail operations consulting, management training, and Benchmark® analysis services to retail automotive dealers and managers, today announced it will be hosting an open house for auto dealer...
New Forward Lift Website Features Vehicle Lift Specs and Service Manuals
Madison, Ind. – Forward Lift has updated its website, www.forwardlift.com, to help customers find the vehicle lift product and service information they need more quickly and efficiently. ...
Ford Motor Company Declares Third Quarter Dividend
DEARBORN, Mich. – The Board of Directors of the Ford Motor Companytoday declared a third-quarter dividend of $0.05 per share on the company’s Class B and common stock. This is the same level of dividend paid in the first and second quarters of 2012.The third-quarter...
Group 1 Automotive Board Authorizes New $50 Million Share Repurchase Program
HOUSTON -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, recently announced that its board of directors authorized a program to repurchase up to $50.0 million of the company's common stock. Purchases may be made from time to time, based on...
Credit Acceptance Announces Final Results of Tender Offer
Southfield, Michigan -- Credit Acceptance Corporation (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced recently the final results of our tender offer, which expired at 5:00 p.m., New York City time, on June 29, 2012. We commenced...
Survey: Banks Will Expand Lending to Car Buyers with Damaged Credit
Bankers expect credit delinquencies to stabilize but student lending troubles to persist MINNEAPOLIS — In FICO’s quarterly survey of bank risk professionals, lenders said they are expecting an increase in the availability of car loans for consumers with damaged...
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