Sales & Variable OPS
Southside Financial Group Launches National Subprime Loan Portfolio Program to Help Franchised and Independent Auto Dealers Achieve Greater Liquidity
Arlington, Texas -- Southside Financial Group, an active purchaser of auto finance receivables, today announced the launch of a nationwide program to purchase existing near prime and subprime auto loan portfolios from franchised and independent auto dealers. Southside...
Sales Are Up, But Net Profits Are Down: How Can That Be?
The average dealership parts and service department brought in more annual revenue than the previous year, and yet took less money to the bank. According to NADA DATA 2011, the average dealership saw their year over year parts and labor sales grow by 5.2%, while net...
DMEautomotive Makes Customer Loyalty Easy for Dealerships
DAYTONA BEACH, Fla. -- DMEautomotive, the industry leader in science-based, results-driven automotive marketing, today announced a new affordable "card-free" customer loyalty program for auto dealerships designed to eliminate the usual administrative hassles...
Alliance Financial’s Indirect Auto Loan Balances Down
SYRACUSE, N.Y. -- Alliance Financial Corporation ("Alliance" or the "Company") (NasdaqGM: ALNC), the holding company for Alliance Bank, N.A., announced an 18.7% increase in net income for the quarter endedSeptember 30, 2011 compared with the third quarter of 2010....
Used Prices to Drive New Car Sales in Fourth Quarter
MCLEAN, Va. -- Above average trade-in values for used cars are expected to increase new vehicle sales in the fourth quarter, says Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. "We expect consumer demand for...
GM: Record 1.2 Million Chevrolets Sold in Third Quarter of 2011
DETROIT – Chevrolet sold 1.2 million vehicles globally in the third quarter, the best July-to-September results in the brand’s 100-year history. In the first nine months of 2011, Chevrolet sold 3.6 million vehicles globally, positioning the brand for its best-ever...
Chase Partners with Aston Martin on New Financing Program
GARDEN CITY, NY - Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin’s first U.S. retail subvention program. Chase's arrangement with the British...
AutoNation’s Retail Used Vehicle Revenue Increased 7%
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN),America's largest automotive retailer, today reported 2011 third quarter net income from continuing operations of $71 million, or $0.48 per share, compared to net income from continuing operations of $59 million,...
AuctionTime.com Conducting 9 Online Auctions Through the End of 2011
LINCOLN, Neb. -- AuctionTime.com, your source for farm equipment, construction equipment, truck and trailer online auctions, is hosting 9 online auctions on Wednesdays throughout the rest of 2011. Auctions end every Wednesday on AuctionTime.com and new auctions are...
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