Sales & Variable OPS
GMAC-SAIC Celebrates Seventh Anniversary with 55 Percent Year-Over-Year Growth
SHANGHAI -- GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC), a joint venture between Ally Financial Inc., Shanghai Automotive Group Finance Co., Ltd. and Shanghai General Motors Co. Ltd. (SGM), announced today that after seven years of doing business in China, the...
What’s Your Favorite Chevy?
DETROIT: Nearly 125,000 Chevrolet fans have spoken, naming the 1969 Camaro the "Best Chevy of All Time." As part of Chevrolet's Centennial celebration, fans were asked to vote for their favorite vehicle from Chevrolet's 100-year history. During the four-round,...
CPS Completes $237 Million Portfolio Acquisition
IRVINE, Calif. -- Consumer Portfolio Services, Inc. ("CPS") announced that today it purchased a $237 million portfolio of performing automobile receivables from Fireside Bank, a wholly owned subsidiary of Kemper Corporation (formerly known as Unitrin, Inc.). "We are...
Ritchie Bros. Auctioneers breaks ground on permanent auction site in Raleigh-Durham
RALEIGH-DURHAM, NORTH CAROLINA – Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, broke ground on its new 107±-acre permanent auction site in Butner, North Carolina (Granville County) just north of Raleigh-Durham yesterday (September 13, 2011)....
Dealership Plans for EPA Oil Spill Prevention Due Nov. 10
CRYSTAL LAKE, IL – Yet another federal regulation auto dealers must comply with is rapidly approaching. Automotive Compliance Consultants reminds dealers that this regulation requires them to complete a Spill Prevention Plan by Nov. 10 if their dealership is near a...
Warranty Direct Expands Extended Auto Warranty Coverage For Customers At No Extra Charge
CHARLOTTE, NC -- Warranty Direct, a leading provider of extended vehicle service contracts, has announced expanded coverage for its major policies at no additional cost, in response to customer requests. “We are increasing the coverage for our most popular contracts...
Automotive Lenders, Retailers Better Positioned to Weather Economic Downturn
Even as the United States began to emerge from recession in 2010, many economists were wary. With a tepid recovery at best, many economists warned that the United States could be headed for a double-dip recession. This summer’s debt ceiling debate, continued high...
Why Would you Ever Price a Used Car at $14,995 Again?
While working with one of my clients covering a strategy on changing the price of a vehicle he had priced at $15,298, my first reaction was to tell him to reduce it to $14,995 so he wouldn’t miss any searches done up to $15,000 because of his $298. Then it dawned on...
OVE.com’s Independent Auction Summit Helps Partners Exchange Ideas and Grow Online Sales
ATLANTA – OVE.com – the leading 24/7 bid or buy now wholesale vehicle marketplace – brought independent auctions together again this year for its second annual summit. During the summit, attendees learned how to take advantage of OVE.com to grow their digital...
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