Trending Auto Retail News
Auto Dealer Social Media Marketing Program Offered by Social Media Consulting Firm Maximize Social Media LLC
Social media consulting firm Maximize Social Media LLC announced its social media marketing program today for auto dealers, providing support to auto dealerships nationwide. The firm will offer complete social media management services including Facebook, Twitter, and...
Michigan is Costliest State for Car Insurance According to New State-by-State Research
SAN FRANCISCO – Michigan residents face the steepest car insurance cost burden in the nation, according to new research released this week by CarInsuranceQuotes.com, a Bankrate (NYSE: RATE) company. The typical Michigan household pays a whopping eight percent of its...
GM Financial Reports June Quarter Operating Results
FORT WORTH, Texas -- GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $136 million for the quarter ended June 30, 2012, compared to $96 million for the quarter ended June 30, 2011. Net income for the six months ended...
Kbb.com: High Used-Car Values Contribute Heavily to Higher Demand for New Vehicles
According to Alec Gutierrez, senior market analyst of Automotive Insights for Kelley Blue Book, with some one- and two-year-old used vehicles commanding as much as 90% of original MSRP, many consumers have opted to purchase a new vehicle rather than used. In some...
The Changing Landscape of Auto Inventory Insurance
There is no question that the dealership insurance market is tightening up. Prices are going up along with deductibles including an ever-growing list of coverage limitations. Dealers’ physical damage or auto inventory insurance premiums and deductibles are rising even...
3 Ways to Reduce the Risk of Used Vehicle Market Volatility
I like the analogy a Midwest dealer recently shared as we discussed recent declines in wholesale used vehicle values: “I try to manage my used vehicle inventory like a bobber on a lake. When wholesale values drop, it’s like a wave washes over the bobber. We’re...
U.S. News & World Report Launches Used Car Rankings
WASHINGTON -- U.S. News & World Report, one of the most trusted sources for consumer recommendations, today expanded its Best Cars rankings to include used vehicles. The Used Car Rankings include nearly 600 cars, SUVs and minivans from the 2009-2011 model years....
Luxury Pre-Owned Brand Sales Up in July
For most of the luxury brands, pre-owned sales in July were up, except for BMW. Click below to find out full Certified Pre-owned sales for July: BMW Used Vehicle Sales Down 5.9% Mercedes-Benz CPO Sales Up 10% Porsche Approved Certified Pre-Owned Vehicle Sales Up 10%...
J.D. Power and Associates Reports: Relationships Fostered under Preferred Programs Significantly Increase Dealer Satisfaction
BMW Financial Services Ranks Highest in Dealer Satisfaction in Prime Retail Credit and Retail Leasing Rankings; Mercedes-Benz Financial Services Ranks Highest in Floor Planning WESTLAKE VILLAGE, Calif. -- Satisfaction with automotive finance providers is significantly...
Penske Automotive Reports Used Unit Retail Sales Up 16.4%
Record Q2 Income from Continuing Operations and Earnings per Share BLOOMFIELD HILLS, Mich.-- Penske Automotive Group, Inc. (NYSE:PAG): Second Quarter 2012 First Half 2012 Revenue Increases 19.2% to $3.4 Billion Revenue Increases 18.6% to $6.6 Billion Same-store Retail...
Ford Celebrates Production Launch of the Only Front-Wheel- Drive Hybrid Transmission To Be Made in North America
STERLING HEIGHTS, MICH. – Ford launches a new era of clean tech and job growth with today’s debut of a new flexible assembly line at Van Dyke Transmission Plant, making Ford North America’s only producer of front-wheel-drive hybrid transmissions. Ford’s Van Dyke...
The All-Electric Toyota RAV4 EV First Drive
Newport Beach, Calif. – Toyota Motor Sales, USA, Inc. (TMS) offered news media first drive opportunities today for the Toyota RAV4 EV, an all-new, all-electric SUV arriving in select California dealerships later this summer. During the media event, Toyota engineers...
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