Trending Auto Retail News
Passport Auto Group Announces Opening of the New Collision Repair Center
MARLOW HEIGHTS, Md. -- Passport Auto Group announced that their brand new state of the art Collision Repair Center will open for business on October 24, 2011, featuring the same outstanding service you have come to expect from the Passport Automotive Group. The...
Play Ball! Customer Service is Much like Baseball
Sometimes it’s easier for people to understand something if you can relate it to a game or activity that is commonly known or played; in this case I like to compare our customer service business to the game of baseball since there are so many similarities. Don’t...
Ford Explorer Hits the 100,000-Sales Mark
DEARBORN, Mich., Oct. 24, 2011 – America’s love affair with the Ford Explorer is stronger than ever with more than 100,000 Explorers sold this year – making it the fastest-growing midsize utility in the nation. “The Explorer continues to be one of the strongest...
GM Announces $325 Million Plant Investment in Michigan
WARREN, Mich. – General Motors said Friday it will invest $325 million in tools and equipment to support production of future electric vehicle components, creating or retaining 418 jobs. Timing for the project was not disclosed. The plant in suburban Detroit has 679...
Ford Confirms Increased Investment in Kansas City Plant
KANSAS CITY, Mo. -- Ford Motor Company recently confirmed Kansas City Assembly Plant workers will build its full-size Transit van – Europe's best-selling commercial vehicle – when the new product joins its North American lineup in 2013. This is another example of the...
Toyota Material Handling North America Announces Management Changes
COLUMBUS, Ind. -- Toyota Material Handling North America (TMHNA) announces the expansion of its executive team in an effort to further strengthen the North American regional operations and distribution channels of the two respected brands it represents: Toyota and...
Auto Loan Default Rates Down in September
NEW YORK -- Data through September 2011, released by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed the only decrease in credit line default rates in...
Southside Financial Group Launches National Subprime Loan Portfolio Program to Help Franchised and Independent Auto Dealers Achieve Greater Liquidity
Arlington, Texas -- Southside Financial Group, an active purchaser of auto finance receivables, today announced the launch of a nationwide program to purchase existing near prime and subprime auto loan portfolios from franchised and independent auto dealers. Southside...
Sales Are Up, But Net Profits Are Down: How Can That Be?
The average dealership parts and service department brought in more annual revenue than the previous year, and yet took less money to the bank. According to NADA DATA 2011, the average dealership saw their year over year parts and labor sales grow by 5.2%, while net...
DMEautomotive Makes Customer Loyalty Easy for Dealerships
DAYTONA BEACH, Fla. -- DMEautomotive, the industry leader in science-based, results-driven automotive marketing, today announced a new affordable "card-free" customer loyalty program for auto dealerships designed to eliminate the usual administrative hassles...
Alliance Financial’s Indirect Auto Loan Balances Down
SYRACUSE, N.Y. -- Alliance Financial Corporation ("Alliance" or the "Company") (NasdaqGM: ALNC), the holding company for Alliance Bank, N.A., announced an 18.7% increase in net income for the quarter endedSeptember 30, 2011 compared with the third quarter of 2010....
Used Prices to Drive New Car Sales in Fourth Quarter
MCLEAN, Va. -- Above average trade-in values for used cars are expected to increase new vehicle sales in the fourth quarter, says Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. "We expect consumer demand for...
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