Trending Auto Retail News
Gimme a Reason to Stay
It’s no secret that service customer retention in new car dealerships is dismal, actually pathetic. Hang around a new car service reception area and note the age of the vehicles. They are relatively young compared to the average national fleet of some 10.8 years, give...
J.D. Power and LMC Automotive Report: July New-Vehicle Retail Sales Continue Strong Year-over-Year Growth
WESTLAKE VILLAGE, Calif. -- July's new-vehicle retail sales are expected to post the second strongest year-over-year growth rates during the past 12 months, according to a monthly sales forecast developed by J.D. Power and Associates' Power Information Network(R)...
CU Direct Appoints New Chief of Staff
New executive brings track record of strategy development, execution and organizational management experience Ontario, Calif. – CU Direct Corporation, leading provider of lending solutions to credit unions through its CUDL, Lending Insights, Lending 360, CUDL Retail...
Congressional Bill to Repeal ‘Obsolete’ Government Mandate on Dealerships Passes House
WASHINGTON – The House of Representatives this week passed legislation (unanimous voice vote) repealing a federal mandate that requires dealers to provide car buyers with a booklet comparing vehicle insurance repair costs upon request. The bill eliminates a potential...
Ford Credit Earns $296 Million Net Income
DEARBORN, Mich. – Ford Motor Credit Company reported net income of $296 million in the second quarter of 2012, compared with $383 million a year earlier. On a pre-tax basis, Ford Credit earned $438 million in the second quarter, compared with $604 million in the...
Used Car Sales Estimated to be Down 5.7% in July
SANTA MONICA, Calif. -- TrueCar.com, the authority on new car pricing, trends and forecasting information, today released its July 2012 sales and incentives forecast. The forecast shows the following: For July 2012, new light vehicle sales in the U.S. (including...
Marc Bland Honored with Local and National Awards for Excellence
SOUTHFIELD, Mich. – Marc Bland, head of diversity and inclusion at Polk, was recently honored by two different organizations for his significant professional and personal contributions to the African-American community. Bland received the Men of Excellence award from...
Vehicle Service Group (VSG) Invests in Manufacturing Updates and Expansions
New equipment purchased in North America; Asian plant to grow Madison, Ind. – Vehicle Service Group (VSG), parent company of leading vehicle service equipment manufacturers Rotary Lift®, Chief™ Automotive Technologies, Forward® Lift, Direct Lift®, Revolution® Lift,...
Sonic Automotive Reports: Used Vehicle Revenue Up 4%
CHARLOTTE, N.C. -- Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, today reported 2012 second quarter earnings from continuing operations of $27.5 million for an 20% increase over the prior year results. Earnings from continuing...
Test Drive Secrets: Do’s, Don’ts and Suggestions
Let’s talk about the processes, the playbooks and all the ABCs to closing. They all include how to identify and adjust to the natural tendencies of the three main personality profiles within in us all. In today’s market exclusive let’s stop relying on our dominant...
Auto Data Direct Offers Compliance Solutions for California Automobile Dealers
TALLAHASSEE, Fla. -- As of July 1, 2012, all California dealers who sell used cars are required to obtain a NMVTIS vehicle history report for every used car on their lot, and post a red warning label on the vehicle if a title brand or salvage history is found. While...
KBB.com: New-Car Sales Hold Steady at 14 Million SAAR
Pent-Up Demand, Affordable Pricing Continue to Drive Vehicle Sales in Slowing Economy IRVINE, Calif. -- New-vehicle sales are projected to hit 14 million seasonally adjusted annual rate (SAAR) in July 2012, consistent with the 14.3 million average pace maintained...
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