Trending Auto Retail News
Edmunds.com: Consumers Spend Only Half of Recommended Down Payment on New Car Purchases
SANTA MONICA, Calif. — U.S. consumers averaged an 11 percent down payment on new car purchases in 2011, according to Edmunds.com, the premier online resource for automotive information. The average is only slightly more than half of Edmunds.com's recommended 20...
New Start-Up Rewards Lease Customers for Returning Their Cars to Select Dealers
NEW YORK -- CashBackLease.com, a website dedicated to assisting franchised car dealers increase their pre-owned inventory, officially launched last month. The site offers BMW/Audi/Lexus lease customers a cash incentive for returning their leased vehicle to a...
AutoNation Reports All-Time Record Quarterly EPS from Continuing Operations
FORT LAUDERDALE, Fla. -- AutoNation, Inc., America's largest automotive retailer, has reported 2012 first quarter net income from continuing operations of $74 million, or $0.56 per share, compared to net income from continuing operations of $70 million, or $0.46 per...
Study: For Display Ads, Being Seen Matters More than Being Clicked
SAN FRANCISCO and RESTON, VA – comScore, Inc., a leader in measuring the digital world, and Pretarget, the intent targeting company, today released results of an online advertising study which found that ad viewability and hover time are more strongly correlated with...
The Conference Board Consumer Confidence Index® Virtually Unchanged
NEW YORK -- The Conference Board Consumer Confidence Index®, which had declined slightly in March, was virtually unchanged in April. The Index now stands at 69.2 (1985=100), down slightly from 69.5 in March. The Expectations Index declined to 81.1 from 82.5, while the...
Mobile Local Search Volume Will Surpass Desktop Local Search in 2015
CHANTILLY, Va. – Mobile local search volume will surpass desktop local search for the first time in 2015, according to BIA/Kelsey. By 2016, the firm expects mobile local search to exceed desktop local search by more than 27 billion annual queries. “Among the drivers...
FEX Announces Integration with TCN
Rancho Santa Margarita, CA -- Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that they have built an integration with TCN within their FEX DMS platform. TCN, a leader in hosted...
Analysts Predict Redesigned Nissan Altima Could Be Best-Selling Family Sedan by End of 2012
CHICAGO -- Analysts at Cars.com, the premier online resource for buying and selling new and used vehicles, are predicting a significant increase in sales for the newly redesigned 2013 Nissan Altima, which could make the Altima the best-selling sedan in the U.S. Based...
Today’s Dealership Demand Outstrips Supply
How long will this imbalance last? Over 340 people attended my NADA workshop dedicated to the current buy/sell market. Based on that attendance level and the confident mood at NADA, it appears deal making is back. So, if dealers are in deal mode, why aren’t we hearing...
US Auto Lease Volume Growing Rapidly as Consumers Return to Dealers’ Lots
ATLANTA and NEW YORK-- New separate auto loan and lease data from CreditForecast.com, a leading provider of consumer credit data and forecasts, shows that most consumers looking to buy a new vehicle are still financing their purchases with loans rather than leases,...
Chevrolet Delivers Record First Quarter Global Sales
DETROIT – Chevrolet sold 1.18 million vehicles worldwide in the first three months of 2012, a 6.5 percent increase over the first quarter of 2011, marking the sixth consecutive quarter of record-breaking sales for the brand. In the last two calendar years, Chevrolet...
Sonic Automotive, Inc. Profits up 24%
CHARLOTTE, N.C. --Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, today reported 2012 first quarter earnings from continuing operations of $19.5 million for a 24% increase over the prior year results. Earnings from continuing...
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