Sales & Variable OPS
U.S. Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned Year-to-Date Sales Increase in September
Through the month of September 2011, Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned dealers report a 2 percent increase of vehicle sales, reaching 231,349 units, compared to September 2010. Combined sales of certified pre-owned vehicles reached 24,694 this...
AutoTrader.com Introduces Android App to Create a Seamless “PC-to-Pocket” Experience for Car Shoppers
ATLANTA -- AutoTrader.com has released a free app to give Android users a powerful and personalized mobile car shopping experience. Using the Android app, shoppers can find cars and dealers near them, utilize location-based features and access everything they need to...
Manheim Used Vehicle Index Falls for Fourth Straight Month
Manheim Consulting's monthly auto industry brief reported September 2011 wholesale used vehicle prices decreased for the fourth consecutive month down to 122.9. The Manheim Used Vehicle Value Index is still up 3.4% (122.9) over September 2010 when it was 118.9....
Stan Masamitsu, Tony Group Autoplex
For Tony Group Autoplex, just about everything a dealership needs to operate – from pre-owned inventory to parts – is 2,500 miles away. Everything costs more. There’s no such thing here as a road trip, yet sell vehicles this auto group does and profitably too. Dealer...
August used truck prices higher than expected
According to the latest edition of Guidelines, NADA Used Car Guide's monthly market update, August used truck prices higher than expected. Click here to access the full report. Highlights from this month's edition include: September new vehicle sales reached 1.05...
Huntington Expands Auto Dealer Financing Business Into Wisconsin And Minnesota
COLUMBUS, Ohio — Huntington has announced that it is expanding its successful auto dealer financing business into Wisconsin and Minnesota. “We have top market share in many of the states we serve, and auto dealers in Wisconsin and Minnesota want to be affiliated with...
Credit Acceptance Announces Completion of $200.5 Million Asset-Backed Financing
Southfield, Michigan -- Credit Acceptance Corporation (the "Company", "we", "our", or "us") announced the completion of a $200.5 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, we contributed loans having a net book...
2,500 Lenders Choose VINtek’s Automotive Collateral Management Technology
PHILADELPHIA -- VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, announced that it has signed its 2,500th customer for its VINtekTIME® cloud-based automotive...
Dollar Thrifty Announces Completion of Solicitation Process
TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. announced that it has formally concluded its process to solicit definitive proposals regarding a potential business combination. On August 21, 2011, Dollar Thrifty issued a letter advising parties of the Company's...
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