Sales & Variable OPS
DealerRater Hits Key Milestone of 700,000 Car Dealer Reviews; Reporting an Average 870 New Reviews Daily
As consumers continue to embrace the critical importance of dealer reviews in the car shopping process, DealerRater reports continued impressive growth in its consumer user base and car dealer reviews, solidifying DealerRater’s position as the world’s largest single...
Zeigler Chrysler Dodge Jeep Doubles Up Increasing Sales and Service 98%
Zeigler Chrysler Dodge Jeep in Downers Grove was once closed point Chrysler dealership, which Chrysler closed down for roughly 2 years while identifying a strong dealer group to take it over. When it reopened under the leadership of the Zeigler Auto Group in 2009,...
Massachusetts New Car Dealers and Right to Repair Coalition Agree to Compromise Bill to Avoid November Ballot Question
BOSTON -- Last week the Massachusetts State Automobile Dealers Association (MSADA) and the Massachusetts Right to Repair Coalition announced an agreement on compromise “right to repair” legislation that, if passed, would avoid the November ballot question fight. “At...
WASHDROPS®- Receives First Annual “Green Award – 2012 Product of the Year” From Nationally Syndicated Radio Program, AutoWorld
Solon, OH – Washdrops® the new hose-less, biodegradable car wash and shine solution from automotive aftermarket leader, Cequent Consumer Products, has received the inaugural 2012 Green Product of the Year Award from nationally syndicated radio program AutoWorld and...
Want Better Premium Pre-owned Inventory? Think Outside the Auction
Are you finding it difficult to stock enough of the high-gross vehicles you need? You’re not alone. A strong demand for used inventory is putting the squeeze on dealerships—driving up auction prices and pressuring profit margins. The National Automobile Dealers...
CarMax Reports Total Used Unit Sales Rose 3%
RICHMOND, Va. -- CarMax, Inc. (NYSE:KMX) this week reported results for the first quarter ended May 31, 2012. Net sales and operating revenues increased 4% to $2.77 billion from $2.68 billion in the first quarter of last year. Used unit sales in comparable stores were...
GM Financial Announces $1.2 Billion Senior Subordinate Asset-Backed Securitization
FORT WORTH, Texas -- General Motors Financial Company, Inc. (“GM Financial” or the “Company”), announced the pricing of a $1.2 billion offering of automobile receivables-backed securities through lead managers Barclays, Deutsche Bank Securities, J.P. Morgan, and...
Avis Budget Group Launches Ultimate Test Drive for Consumer Purchases of Off-Rental Vehicles
PARSIPPANY, N.J. -- Avis Budget Group, Inc. (Nasdaq:CAR) this week introduced the Ultimate Test Drive, a new program designed to respond to consumer demand for the purchase of well-maintained used cars. The initiative, in collaboration with AutoNation, Inc., America's...
NADA Introduces Fully Automated Online Energy Use Survey
Marks Important Step Toward ENERGY STAR Certification for Dealerships McLean, VA – The National Automobile Dealers Association (NADA) has introduced a fully automated online energy usage survey as part of a national effort to understand energy consumption trends...
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