Trending Auto Retail News
Mitsubishi Motors Reports May Sales
Mitsubishi Motors North America (MMNA) reported May 2012 sales of 5,575 units. This represents Mitsubishi second best month of sales since September 2011. “For several more months our year-over-year sales will continue to be impacted by our models whose production...
Jaguar Land Rover North America sales increase 8% for May
MAHWAH, NJ – Jaguar Land Rover North America reported May 2012 sales: Land Rover sales for the month were 3,438 up 19 percent from 2,891 in 2011; Jaguar sales for the month were 1,075 down 15 percent from 1,271 in 2011; Jaguar Land Rover North America sales for the...
Experian Automotive Ranks Huntington Auto Finance Number One Among Banks In Auto Dealer Loyalty
Huntington Auto Finance, a division of Huntington Bank (NASDAQ: HBAN; www.huntington.com), has been ranked number one among banks in Auto Dealer Loyalty by Experian Automotive. The annual ranking is based on customers who financed their vehicle loan through Huntington...
Edmunds.com: Automotive Incentives Tick Up in May After Hitting Seven-Year Low
SANTA MONICA, Calif. — Auto manufacturers upped incentives in May, just one month after spending hit its lowest level in almost seven years, reports Edmunds.com, the premier online resource for automotive information. According to Edmunds.com’s True Cost of...
Four Ways to Keep More Trades and Maximize Profitability
Many dealers correctly recognize the need to keep more trade-ins to feed their used vehicle inventories. This trend raises an age-old tension at many dealerships: the new vehicle department typically wants to set the highest trade-in value possible to satisfy the...
DealerTrack Launches FinanceDriver to Help Enable and Enhance the Online Financing Process for Automotive Retailers
New Financing Solution Delivers Digital Retailing Workflow for Today’s Progressive Automotive Dealers, Portals and OEMs Lake Success, N.Y. ─ To help automotive retailers generate more quality finance leads and streamline online vehicle purchasing, DealerTrack today...
Easily Fix Heater Core Leaks with Bar’s Leaks® Liquid Aluminum™
Holly, Mich. — Heater core leaks are becoming more common and increasingly expensive to repair. Bar’s Leaks® Liquid Aluminum™ Radiator & Heater Core Stop Leak can save your customers money by chemically repairing many heater core leaks, without the time-consuming...
NADA Used Car Guide: Used-Car Prices Hit the Skids in June
NADA Used Car Guide: Toyota Prius to drop $900 in value from May to June McLEAN, Va. – After double-digit percentage gains from January through May 2012, prices on many popular used compact and midsize cars are expected to drop up to 5 percent in June compared to May,...
NADA to Appeal Court Decision on FTC’s Risk-Based Pricing Rule
D.C. District Court upholds FTC interpretation concerning the scope of the Risk-Based Pricing Rule WASHINGTON – The U.S. District Court for the District of Columbia on May 22 granted the Federal Trade Commission’s motion for summary judgment against an action brought...
Experian Automotive: Consumer credit scores for auto loans drop to near prerecession levels
SCHAUMBURG, Ill. -- Experian Automotive today announced that average credit scores for consumers buying a vehicle have dropped to near prerecession levels. According to its quarterly automotive credit analysis, the average credit score for financing a new vehicle...
Eight Reasons your Dealership Facebook Page isn’t Working
"Why isn't our Facebook page taking off? We need more fans!" This phrase is something I hear on a regular basis from dealers. Growing a community on Facebook is an elusive task for some dealerships. We used to advertise and the community would come to us...now we...
Mercedes-Benz Financial Services Canada Ranks highest in Dealer Satisfaction in the Retail Leasing and Retail Prime Credit segments
MISSISSAUGA, Ontario -- Mercedes-Benz Financial Services Canada captured the highest satisfaction ranking in two of the three major categories of the recently-released J.D. Power and Associates 2012 Canadian Dealer Satisfaction Study (SM). In the Prime Retail Credit...
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