Sales & Variable OPS
Hyundai Turns Up the Heat on Toyota and Honda in the Certified Pre-Owned (CPO) Arena
ATLANTA -- The rise of the Korean automakers in the wake of Toyota and Honda's struggles earlier in the year has been well documented on the new-car front, but it appears that these Japanese automakers may soon be facing stiff competition in the certified pre-owned...
Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today’s Economy
ATLANTA -- Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. Auto finance lenders haveoutpaced bank and credit union lending to subprime borrowers*over...
Audi CPO Reports 8th Consecutive Record Sales Month
Audi Certified Pre-Owned sales of 2,776 vehicles mark the best October on record and the eighth-consecutive record month. Year-to-date sales of 31,165 put Audi on track to deliver one of the best CPO years on record. Audi Certified Pre-Owned sales and news notes Audi...
CarGurus Used Car Price Index Down 1.7% This Fall
CAMBRIDGE, Mass. -- CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used car prices peaked last...
Ally Financial Reports Net loss of $210 million
NEW YORK -- Ally Financial Inc. (Ally) reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pre-tax income, which reflects...
Dollar Thrifty Automotive Group Reported Net Income of $66.6 Million
TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2011. Net income for the 2011 third quarter was $66.6 million, or $2.13 per diluted share, compared to net income of $49.2 million, or...
Luxury Automaker Reports 17% Increase in CPO Sales
For the month of October 2011, Porsche's Approved Certified Pre-Owned vehicle sales were 652, compared to 565 last year. The year-to-date total is 7,241, compared to 6,210 in the previous year – a 17% increase.
International Nameplate Automobile Dealers Announce Monthly Sales
Alexandria, VA – The American International Automobile Dealers Association (AIADA) released October 2011 sales figures for the international nameplate automobile industry. AIADA represents America’s approximately 10,000 international nameplate franchises whose brands...
BMW Certified Pre-Owned Sales Down
In October, sales of BMW used vehicles (including certified pre-owned and pre-owned) totaled 13,262, a decrease of 4.4% from the 13,867 sold in October 2010. Year-to-date, BMW used vehicle sales are down 5.5% on volume of 132,686 compared to 140,468 in the first ten...
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