Trending Auto Retail News
In April, BMW Pre-Owned Vehicle Sales fell 7%
In April, sales of BMW used vehicles (including certified pre-owned and pre-owned) fell 7.0 percent to 13,511 vehicles from the 14,521 vehicles sold in April 2011. January through April, BMW used vehicle sales are up 2.1 percent on volume of 54,862 compared to 53,735...
Through Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 6,368 vehicles in April
MONTVALE, N.J. — Mercedes-Benz USA (MBUSA) has reported April sales of 22,336 for its Mercedes-Benz models, a 23.8 % improvement over April 2011, delivering a year-to-date total of 83,849 new vehicles to customers, up 17.5%. Combined sales of Mercedes-Benz passenger...
J.D. Byrider announces asset-backed securitization
INDIANAPOLIS - J.D. Byrider, the nation’s leading used car sales and finance enterprise, closed its first asset-backed securitization today. “Entering the securitization market has been our focus for almost a year, and this deal allows us to access a much larger pool...
Automotive M&A Activity Gained Momentum Despite Challenges in 2011, According to PwC
DETROIT-- Automotive mergers and acquisitions (M&A) activity was strong in the first half of 2011 and then tapered off in the second half of the year followingEurope's sovereign debt crisis and the natural disasters in Japan and Thailand, according to a new PwC...
AIADA Releases April 2012 Sales Figures for International Nameplate Automobile Industry
Alexandria, VA – The American International Automobile Dealers Association (AIADA) has released April 2012 sales figures for the international nameplate automobile industry. AIADA represents America’s approximately 10,000 international nameplate franchises whose...
Interview with Joe Healy, Internet Director, Lone Star Chevrolet
Lone Star Chevrolet is the number one Chevrolet dealership in overall sales volume nationwide. As for Internet sales units, last year, Lone Star Chevrolet was in the top 100 dealerships nationwide among all brands – boasting 3,000 new and used Internet sales units....
Manheim Promotes Joe George to Senior Vice President, Digital and In-Lane Product Development
ATLANTA – As part of its continuing focus on serving customers in any way they choose, Manheim announced the promotion of Joe George to senior vice president, digital and in-lane product development. The new position is an expansion of George’s previous role as group...
Hyundai Implements Throttle Override Capability in Advance of Pending Government Mandate
COSTA MESA, Calif. -- Hyundai continues its practice of providing critical safety technologies to its customers well before government mandates come into effect with all models now offering brake pedal electronic throttle override capability. With virtually all cars...
NADAguides Highlights Top Ten Most Versatile New Cars Under $20,000
COSTA MESA, Calif.-- With gas prices rising, NADAguides, the leading provider of vehicle pricing and information, has identified the top ten most versatile vehicles under $20,000 that take value and feature sets into account. New car shoppers in the market for...
Car Tag App Adds Sizzle to Windshield Marketing
CHARLOTTE, NC – Toss the grease pens, markers, die-cut decals and paper hang tags you use to mark pre-owned vehicle inventory. There’s a new idea in town – the first-ever app for creating highly customized, automated windshield marketing -- from AULtec, Inc., the...
DealerRater’s Powerful New 360Certified™ Program Launches Nationwide
WALTHAM, Mass. - DealerRater®, the world’s premier car dealer review web site, has announced national availability of its new comprehensive online reputation and social monitoring platform, 360Certified™. The premium platform is now available to new dealership...
GM Reports April Sales of 213,387 Vehicles
DETROIT – General Motors Co. (NYSE: GM) has reported April sales of 213,387 vehicles in the United States. Retail sales were essentially equal to April 2011. GM’s fleet sales declined 25 percent due to the timing of rental customer deliveries, as previously...
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