Trending Auto Retail News
GMAC-SAIC Auto Finance Receives Two Golden Engine Awards
Shanghai – GMAC-SAIC, the largest auto finance company in China, received the “Golden Engine Award” as “Best Automotive Finance Company” for the second year in a row. The Award by business magazine Money Weekly honors outstanding companies and services in the Chinese...
Experian Automotive: 21.87 percent of new vehicle loans went to nonprime, subprime and deep subprime customers
Schaumburg, Ill. — Experian Automotive today announced that lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis, 21.87 percent of all new vehicle loans went to customers in the nonprime, subprime and deep...
Audi CPO Sales Set Annual Record, Up 32% in November
With just over a month remaining in 2011, Audi of America achieved a new annual sales record over the hectic holiday shopping weekend. With 102,055 sales of premium cars and SUVs already reported this year, the Audi brand eclipsed the previous sales record of 101,629...
Kbb.com: Used-Vehicle Values to Increase up to 6% in Early 2012
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, reports that car shoppers are encouraged to buy their next used vehicle before the end of the year, as values are expected to increase 4 to 6 percent in early 2012. Used-vehicle values have dropped 2.6 percent overall in...
Index: Customer Satisfaction with the New-Vehicle Sales Experience Improves Significantly from 2010
WESTLAKE VILLAGE, Calif. -- Satisfaction with the new-vehicle sales process has improved notably from 2010, according to the J.D. Power and Associates 2011 U.S. Sales Satisfaction Index (SSI) Study(SM). The study is a comprehensive analysis of the new-vehicle purchase...
Edmunds.com: Car Discounts in November Were More Flash than Cash
SANTA MONICA, Calif. — Last month’s incentives spending on new car sales increased month-over-month but still came in at the lowest November level since 2002, according to an analysis of Edmunds.com’s True Cost of Incentives® (TCISM). According to Edmunds.com, the...
Luxury Automaker’s Certified Pre-Owned Sales Down 12% in November
Through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, MBUSA sold 5,530 vehicles in November 2011, a decrease of 12%. On a year-to-date basis, MBCPO sold 68,459 vehicles, a decrease of 8% over the comparable period last year.
Truecar.com: Average Transaction Prices Up 4% over 2010
SANTA MONICA, Calif. -- TrueCar.com, the authority on new car pricing, trends and forecasts, estimated today that the average transaction price for light vehicles in the United States was $30,317 in November 2011, up $1,163 (4.0 percent) from November 2010 and up $164...
Ford Adds Pandora to its 2012 Truck Line-up
OAKLAND, Calif. -- Pandora, the leading personalized radio service, announced today that Ford Motor Company is now rolling out the SYNC AppLink capability in the company's 2012 line of Ford F-series trucks, making voice control of Pandora an available feature across...
Automaker’s CPO Sales Up 14% Year-to-Date
For the month of November 2011, Porsche's Approved Certified Pre-Owned vehicle sales were 556, compared to 642 last year. The year-to-date total is 7,797, compared to 6,852 in the previous year – a 14 percent increase.
Major Metropolitan Cities Report Auto Sales Gains
According to The Federal Reserve Board’s Beige Book, released November 30, 2011, auto sales gains were reported in the cities of Philadelphia, Cleveland, Richmond, Atlanta, St. Louis and Minneapolis. The Beige Book also found New York dealers located upstate stated...
Report: All Signs Point To Increased Shopper Interest In CPO Luxury Vehicles
ATLANTA -- October was the month of luxury vehicles for shoppers on AutoTrader.com, as data from the recently released New Car Insights Report and in the just-released Used/CPO Car Insights Report shows that consumer interest in luxury vehicles spiked during the...
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