Trending Auto Retail News
Building a Long-term Customer Relationship Utilizing the Fundamentals – Part 2
There are so many costly gimmicks, ploys, tactics, and calculated maneuvers designed to “reclaim” your service customer base, I lost count at $5K a month. The issue I have with this substantial expenditure is that none of it is used to address the whys and wherefores...
General Motors Retains Bob Lutz as Advisor
DETROIT – General Motors today announced the retention of former Vice Chairman Robert A. “Bob” Lutz to provide counsel to the senior leadership team of the company. Lutz will be available to executives on a part-time consultancy basis effective immediately. He brings...
Mudd Advertising Launches Mudd TV Nationally September 8th
Cedar Falls, Iowa – Due to the high market demand for speed, strategy and execution, Mudd Advertising is launching Mudd TV as an interactive tool to help auto dealers quickly get solutions today for their marketing efforts. This creative solution will premiere...
TransUnion: Credit Risk Declining for Sixth Straight Quarter; Driven by Fewer Delinquent Consumers and Lower Debt Levels
CHICAGO, IL-- TransUnion's proprietary Credit Risk Index (CRI) declined for the sixth consecutive quarter as consumers continue to pay off their outstanding debt and maintain low delinquency levels on their credit obligations. Compared to one year ago, the 2Q2011 CRI...
Experian Automotive: New vehicle Loans for Subprime Consumers Increase By 22.4% in Q2 2011
Schaumburg, Ill. — Experian Automotive today announced that lenders continued to increase their appetite for risk in Q2 2011, with new vehicle loans for customers with credit outside of prime increasing by 22.4 percent, when compared to the previous year. In Q2 2011,...
Audi Certified Pre-Owned Reports Best August Sales
Audi Certified Pre-Owned sales of 3,169 vehicles mark the best August on record and the sixth-consecutive record month. Year to date sales of 25,517, an increase of 36.1% from 2010, put Audi on track to deliver the best CPO year on record. Audi Certified Pre-Owned...
Edmunds.com: Demand for Used Small Cars Pushes Price Surge in 2011
SANTA MONICA, Calif. — Elevated gas prices have helped to drive a surge in used compact car prices, according to a data analysis by Edmunds.com, the premier online resource for automotive information. Edmunds.com’s data reveal that consumers paid about 10 percent...
History with a Mystery: The Chevrolet Bowtie
DETROIT – Globally recognized today, the Chevrolet bowtie logo was introduced by company co-founder William C. Durant in late 1913. But how it came to be synonymous with the brand is open to wide interpretation. Durant’s version of how the logo came into existence is...
GM: Chevrolet Cruze Remains Best Selling Compact Car in U.S.
DETROIT – For the fourth month in a row, the Chevrolet Cruze is the best-selling compact car in the United States, recording a total of 21,807 sales in August. It is also the fifth-consecutive month of Cruze sales exceeding 20,000 units. Calendar year to date,...
Mercedes-Benz CPO Sales Down 9%
Through the Mercedes-Benz Certified Pre-Owned (MBCPO) program, Mercedes-Benz USA sold 5,901 vehicles in August 2011, a decrease of 9%. On a year-to-date basis, MBCPO sold 51,651 vehicles, a decrease of 5.6% over the comparable period last year.
Open Auction VP Helps Dealers Bridge the Gap Between Retail and Wholesale Sales
In this highly competitive industry, dealers like you are constantly in need of more efficient and profitable means of selling cars. Taking advantage of every sales opportunity and sales channel available is the first step in offloading vehicles more quickly and...
President of the The Manzo Group Explains How Technology Can Increase F&I Sales
How can you identify technology based solutions to dramatically enhance the customer’s F&I experience? Generation X & Y buyers live in a world of streaming data and electronic content and often become disinterested during traditional paper-based transactions....
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