Trending Auto Retail News
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...
BMW Pre-Owned Sales Down 3%
In November, sales of BMW used vehicles (including certified pre-owned and pre-owned) totaled 12,196, a decrease of 3.1% from the 12,580 sold in November 2010. Year-to-date, BMW used vehicle sales are down 5.3% on volume of 144,882 compared to 153,048 in the first...
GM Plans World Premieres of Four Vehicles in Detroit
DETROIT – The all-new 2013 Cadillac ATS compact luxury rear wheel drive sedan will be among four General Motors’ concept or production vehicles making world premieres at the 2012 North American International Auto Show in January. “ATS is a crucial part of Cadillac's...
TD Bank Group completes acquisition of MBNA Canada’s credit card business
TORONTO - TD Bank Group (TD) announced it has completed the acquisition of substantially all of MBNA Canada's credit card portfolio, as well as certain other assets and liabilities, from Bank of America Corporation (NYSE: BAC). "The completion of this transaction...
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