Sales & Variable OPS
Group 1 Retail Used Vehicle Gross Profit Increased 4.9%
HOUSTON -- Group 1 Automotive, Inc. a Fortune 500 automotive retailer, reported a third-quarter adjusted net income increase of 23.6 percent to $23.8 million, or $1.04 per diluted share, for the period ended Sept. 30, 2011. This compares to adjusted net income of...
Study Finds Notable Increase in Use of Smartphones for Automotive Shopping on the Internet
WESTLAKE VILLAGE, Calif. -- The proportion of vehicle shoppers who use smartphones to access automotive information on the Internet has increased by more than 40 percent from 2010, according to the J.D. Power and Associates 2011 Automotive Mobile Site Study(SM). The...
2012 Urban Vehicles of the Year Announced
DETROIT -- Decisive magazine has announced "The 2012 Urban Vehicles of the Year"; after their selection by an esteemed panel of independent automotive journalists. The Urban Wheel Awards judging panel spent several months determining the most stylish, practical and...
kbb.com Reveals Best Total Cost of Ownership Vehicles
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports the vehicles with the best Total Cost of Ownership among cross-shopped models for the Chevrolet Cruze and Honda CR-V, two of the most researched...
Ford’s New MyKey Do Not Disturb Technology Helps Teens Stay Connected to Driving, Not the Phone
DEARBORN, Mich. -- Ford will become the first automaker to allow parents to block their teens from receiving phone calls and deter text messages while driving with a new MyKey® Do Not Disturb technology that launches on the Ford Explorer in early 2012. Parents have...
Online Auto Insurance: Allstate Acquisition Signals Shift in Sales Approach
LOS ANGELES -- Allstate Insurance's recent announcement that it has wrapped up its acquisition of Esurance and Answer Financial highlights ongoing changes in the way consumers are shopping for auto coverage—and the opportunities those changes present for coverage...
UAW-Chrysler Group National Labor Agreement Ratified by Members
Auburn Hills, Mich. - Chrysler Group LLC confirmed this week that a new national labor agreement, covering 26,000 employees, has been ratified by the UAW-represented workforce in the U.S. New four-year labor agreement continues Company’s forward progress Chrysler...
Mobile Banking App Usage in the U.S. Increases 45%
RESTON, VA - comScore, Inc., a leader in measuring the digital world, released an analysis of mobile financial services usage in the U.S. showing that 32.5 million Americans accessed mobile banking information on their devices at the end of Q2 2011 in June,...
The Conference Board Consumer Confidence Index® Declines
NEW YORK -- The Conference Board Consumer Confidence Index®, which had slightly improved in September, declined in October. The Index now stands at 39.8 (1985=100), down from 46.4 in September. The Present Situation Index decreased to 26.3 from 33.3. The Expectations...
Join us for Digital Dealer Las Vegas 2021