Sales & Variable OPS
Lithia Motors Reports New Vehicle Same Store Sales Increased 29%
MEDFORD, OR -- Lithia Motors, Inc. reported the highest fourth quarter net income in company history, and more than doubled earnings for the fourth quarter and full year 2011 over the prior year periods. 2011 fourth quarter adjusted income from continuing operations...
Comerica Bank Reports: Auto Affordability Improves in Fourth Quarter 2011
DALLAS -- The purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009. Consumers on average spent $1,050 less (a decrease of 4.0...
Report: Small and Fuel-Efficient Cars Make Big Gains as Gas Prices Increase
ATLANTA — As gas prices crept up to a national average of nearly $3.40 per gallon in January, shoppers quickly turned their attention to smaller and more fuel-efficient vehicles, according to the New Car Insights Report, which provides analysis of consumer shopping...
Global ad revenues at Facebook to reach $6.1 billion in 2012
NEW YORK —Facebook passed Yahoo! last year to become the top display advertising seller in the US, but the company’s lead may be short-lived. Google’s display business is growing faster than anticipated—and is set to surpass Facebook’s next year, according to a new...
General Motors Selects NCM® Associates as its Exclusive 20 Group Program Provider to its Minority Automobile Dealer Network
Overland Park, Kan.: NCM Associates, a leading provider of automotive 20 Group, Retail Consulting, Education, and operations Benchmark®analysis services to franchised and independent auto dealers, announced today it has again been selected by General Motors as the...
Incentive Spending Down 9% in January
According to the NADA Official Used Car Guide Update for February 2012, overall incentive spending for the month decreased by -9% on a month-over-month basis to reach an industry average of $2,435 per unit. Highlights from February 2012 NADA Guidelines include: • New...
DealerTrack Holdings, Inc. Reports Results for Fourth Quarter and 2011, and Issues Guidance for 2012
Lake Success, N.Y. – DealerTrack Holdings, Inc. reported financial results for the fourth quarter and year ended December 31, 2011. GAAP Results for the Fourth Quarter 2011 Revenue for the quarter was $91.3 million, as compared to $62.0 million for the fourth quarter...
Dealer Services Corporation Appoints New Vice President of Customer Service
CARMEL, IN - Dealer Services Corporation (DSC) has announced the promotion of Randy Dohse to the newly created position of Vice President of Customer Service. Dohse, who previously held the position of Regional Director, will be responsible for all customer service...
Equifax: Americans Owe Less on Their Credit Cards
ATLANTA -- Equifax recently reported that nearly 60 of the top 100 metropolitan statistical areas (MSAs) hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies—nearly 24 percent in some areas*. The...
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