Trending Auto Retail News
Revisiting ‘The Calm Before the Storm’
In June of 2010, I wrote a column that ran in Dealer magazine, “The Calm Before the Storm.” In it I suggested that despite the economic upswing we were enjoying at the time, a debt-induced financial crisis loomed and could cause more challenging times as 2011...
AutoNation: August 2011 retail new vehicle unit sales decreased 3% versus August 2010
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, announced that its retail new vehicle unit sales in August 2011, as reported to the applicable automotive manufacturers, totaled 18,121, a decrease of 3% as compared to August...
Edmunds.com: Lexus Gets Aggressive on Auto Incentives While Overall Industry Spending Levels Off
SANTA MONICA, Calif. — BMW and Mercedes-Benz are each in position to knock Lexus from the top of the luxury sales standings this year, but Lexus isn't going down without a fight. According to Edmunds.com's monthly analysis of the True Cost of IncentivesSM (TCISM),...
Update: Auto Dealer M&A Activity Up Sharply
SAN FRANCISCO – The Presidio Group LLC, through its subsidiary Presidio Merchant Partners LLC, recently released its Automotive Retail M&A Update for mid-year 2011. Some highlights of Presidio’s update include: M&A activity for auto dealerships is up sharply...
August Auto Sales Better Than Expected: Chrysler Posts 31% Gain
August sales came in a little better than was expected, but were still flat from last month, according to Jessica Caldwell, Senior Analyst from Edmunds.com said. Caldwell said the external factors from August, including the rocky financial and stock market issues had...
TrueCar.com: Transaction Prices Continue to Drop Off Peak but Remain High Even as Incentives Increase
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 $29,539 in August 2011, up $388 (1.3 percent) from August 2010 and down $19 (0.1...
President of Automotive Business Unit for HookLogic Explains How It’s all about the Show, Baby!
The evolution of Internet lead management has lead dealers and managers to understand that their main focus has to be on driving quality customers from their leads into the showroom floor. How can dealers differentiate themselves in a highly competitive market so that...
Owner and President of Moore & Scarry Advertising Explains How to Get Great Traffic with Google’s Most Popular Services
Google is the number one driver of traffic to dealer web sites. Find out from an insider how to get great traffic with Google's most popular products and services. How can you rapidly increase qualified traffic through search engine optimization, search engine...
Kia Optima Named “Most Gorgeous Car Under $20K” by Esquire
IRVINE, Calif. -- With U.S. production of the stylish and performance-oriented Optima getting underway last week at Kia Motors Manufacturing Georgia (KMMG)(1), the head-turning design of Kia's popular midsize sedan continues to earn high praise, including the title of...
The Conference Board Consumer Confidence Index® Declines
NEW YORK -- The Conference Board Consumer Confidence Index®, which had improved slightly in July, plummeted in August. The Index now stands at 44.5 (1985=100), down from 59.2 in July. The Present Situation Index decreased to 33.3 from 35.7. The Expectations Index...
BMW Issues Two Vehicle Recalls
BMW has issued two different recalls. According to The Wall Street Journal’s Driver’s Seat Blog, BMW announced it is recalling about 2,000 2009 X5 vehicles equipped with the diesel engine. The blog post said the German automaker is concerned there could be a problem...
Panel Discussion Explores How To Use Photos and Videos to Restore Trust in the Service Department
The average car owner does not fully trust or understand the service recommendations of dealerships. This lack of trust not only hurts a dealer's success rate on additional service recommendations today, but also reduces the likelihood that customers will return for...
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