Sales & Variable OPS
Industry Trainer, Rafi Hamid Acquires Partnership in AutoJini
Nationally recognized trainer Rafi Hamid, the owner of Dealers Technology Inc. has acquired ownership in AutoJini, one of the leading auto dealer website design and SEO Companies in the country Chicago, IL -- Rafi Hamid President and CEO of Dealers Technology has...
GM Reports First Quarter Net Income of $1.0 Billion
DETROIT – General Motors Co. (NYSE: GM) has announced first quarter net income attributable to common stockholders of $1.0 billion, or $0.60 per fully diluted share. These results include a net loss from special items related to goodwill impairment that reduced net...
U.S. Senator Blunt Visits Carfax Data Center
COLUMBIA, Mo. -- U.S. Senator Roy Blunt (R-MO) visited the Carfax Data Center on Wednesday, May 2, in support of one of Boone County's largest employers. Sen. Blunt toured the existing Carfax facility and the 15,000 sq. ft. expansion currently under construction. He...
Porsche’s April 2012 Approved Certified Pre-owned Vehicle Sales up 1.5% Compared to Last April
For the month of April 2012, Porsche’s Approved Certified Pre-Owned vehicle sales were 791, compared to 779 last year – a 1.5 percent increase. Year-to-date, Porsche’s CPO sales are up 9.1 percent (3,174 vs. 2,907). About Porsche Cars North America Porsche Cars North...
Audi April Certified Pre-Owned Sales Hindered by Reduced Availability of Models to Sell
HERNDON, Va. – Audi has reported record-setting April sales with a 15% increase to 11,521 new vehicles sold, marking the 16th consecutive month of record sales in the U.S. April sales also marked the fourth-best month ever for the brand and set the all-time sales...
In April, BMW Pre-Owned Vehicle Sales fell 7%
In April, sales of BMW used vehicles (including certified pre-owned and pre-owned) fell 7.0 percent to 13,511 vehicles from the 14,521 vehicles sold in April 2011. January through April, BMW used vehicle sales are up 2.1 percent on volume of 54,862 compared to 53,735...
Through Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,368 vehicles in April
MONTVALE, N.J. — Mercedes-Benz USA (MBUSA) has reported April sales of 22,336 for its Mercedes-Benz models, a 23.8 % improvement over April 2011, delivering a year-to-date total of 83,849 new vehicles to customers, up 17.5%. Combined sales of Mercedes-Benz passenger...
J.D. Byrider announces asset-backed securitization
INDIANAPOLIS - J.D. Byrider, the nation’s leading used car sales and finance enterprise, closed its first asset-backed securitization today. “Entering the securitization market has been our focus for almost a year, and this deal allows us to access a much larger pool...
Automotive M&A Activity Gained Momentum Despite Challenges in 2011, According to PwC
DETROIT-- Automotive mergers and acquisitions (M&A) activity was strong in the first half of 2011 and then tapered off in the second half of the year followingEurope's sovereign debt crisis and the natural disasters in Japan and Thailand, according to a new PwC...
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