Trending Auto Retail News
Autobytel Reports 24% Year-over-Year Revenue Growth, Achieves Profitability for 2011 Fourth Quarter and Full Year
IRVINE, Calif.-- Autobytel Inc., a leading provider of online consumer purchase requests and marketing resources for the automotiveindustry, today reported increased revenues and the achievement of profitability for the fourth quarter and full year ended December 31,...
Ford Focus Electric Becomes America’s Most Fuel-Efficient Five-Passenger Vehicle with 110 MPGe EPA Rating
DEARBORN, Mich. – Ford’s all-new Focus Electric is now officially America’s most fuel-efficient five-passenger car with a certified 110 miles per gallon equivalent (MPGe) city rating and 99 MPGe on the highway. U.S. Environmental Protection Agency certifies the 2012...
J.D. Byrider opens Richmond location
RICHMOND, Va. – Richmond-area residents have another option for purchasing used cars now that a new J.D. Byrider location opened March 1 at 7400 Midlothian Turnpike in Richmond. The 10,000 square-foot location offers used car sales, financing, a service department and...
The Return of Domestic Blue Sky
For many years, domestic franchises were a challenge to sell. Buyers were unwilling to pay up for blue sky and were rightly concerned about declining market share and potential OEM bankruptcies. As a result, the prices offered for these franchises were very low,...
Dispelling the Myth of the ‘Perfect Used Car’
For the past few months, I’ve been monitoring dealer used vehicle inventories through vAuto’s new Provision inventory management engine, which assigns letter grades to prospective vehicles a dealer might acquire. An eye-opening finding: It’s very rare for the “perfect...
DealerTrack Brings Local Teams Together with New Office Space in Dallas
Lake Success, N.Y. ─ DealerTrack, a leading provider of technology solutions and services to the automotive retail industry, today announced the company will be leasing approximately 59,152 square feet of new office space at Dallas’ prestigious Galleria 1 building....
Luxury Pre-Owned Sales Up in February
For the month of February, certified pre-owned sales for BMW, Audi, Mercedes-Benz and Porsche were all up. BMW: In February, sales of BMW used vehicles (including certified pre-owned and pre-owned) increased 4.6 % to 13,375 vehicles from the 12,791 vehicles sold in...
TransUnion: National Auto Loan Delinquencies Continue Lower to Close 2011
CHICAGO, IL -- The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased on a year-over-year basis for the ninth consecutive quarter, dropping from 0.59% in Q4 2010 to 0.46% Q4 2011. On a quarter-over-quarter basis, auto...
Consumer Reports: Buying A Used Car May Be a Better Deal Than Ever
YONKERS, N.Y. -- With every passing year, buying a used car becomes less of a gamble according to a new analysis by Consumer Reports. Even the least reliable car-makers are gaining ground on the perennial reliability leaders, Toyota and Honda; Volvo has made the most...
DealerApp Vantage Executives Share How to Use Mobile Apps to Increase Customer Loyalty, Retention and Profits
Ed Louis, CEO and co-founder of DealerApp Vantage and Garland Webb, president and co-founder of DealerApp Vantage, are sharing their expertise with automotive dealers and managers on how to use mobile apps to increase customer loyalty, retention and profits. You will...
Manheim Completes Purchase of Dealers Services Corporation
ATLANTA – Manheim has completed, on schedule, its planned purchase of Dealer Services Corporation (DSC), which reinforces its commitment to provide inventory financing to independent dealers. DSC is a used vehicle floor plan company for independent dealers based in...
Kelley Blue Book Director Shares 90-Day Forecast for Used Vehicles
Juan Flores, director of vehicle valuation for Kelley Blue Book, is sharing his expertise with automotive dealers and managers on the health of the new and used car market. The tumultuous past few years have had a significant impact on new- and used-car markets, but...
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