Trending Auto Retail News
Sales to Service Ain’t Guaranteed, Paco
I long for the old days. You may remember when we didn’t need no stinkin’ process for converting a newly sold customer into a servicing customer. Why? Well, within a month or two (or week), something was gonna break, squeak, whine, tick or otherwise bug the customer...
Edmunds.com Data Suggests Stock Market Turmoil and Decreased Consumer Confidence Not Significantly Affecting Car Sales Yet
SANTA MONICA, Calif. — Edmunds.com, the premier online resource for automotive information, estimates that so far in August, new cars are selling at a Seasonally Adjusted Annual Rate (SAAR) of about 12.1 million units. "Compared with July, sales look essentially flat....
New Hose-Less, Biodegradable WashDrops Makes Car-Washing Possible Virtually Anywhere
With record-breaking drought across parts of the nation this summer, it’s still possible to wash your car, truck or RV on congested streets, or in cramped garages or parking lots, remote campgrounds or water-restricted areas. That’s because, with WASHDROPS® - a green,...
The Number One Obligation of a Leader!
The number one obligation of a leader is to grow. Grow himself, grow his or her team and along with the team grow their organization. Years ago, I read a bestselling leadership book where the author declared that the first responsibility of a leader is to define...
Kbb.com: New-Car Sales, Leasing Slumps to Impact Used-Car Values for Years to Come
IRVINE, Calif.-- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, predicts that the new-car sales and leasing slumps of recent years will impact used-car values for years to come. Current supply reductions, caused by the decline...
BMW Group Financial Services Creates “The Ultimate Drive” Mobile App – Provides Social and Mobile Experience for Customers and Gamers Alike
WOODCLIFF LAKE, N.J. — The age of “gamification” has come, and BMW Group Financial Service is bringing this social nuance to its customer base of nearly 1 million individuals. Beginning with the development of a new and unique mobile and social experience, “The...
Webinar: The Garage® – A Strategy For Surviving The Coming Crash In Customer Repair Order Count
Join Ed Kovalchick, CEO Net Profit Inc., for a webinar on Thursday, August 25 at 11:30 a.m. EST on: The Garage® - A Strategy For Surviving The Coming Crash In Customer Repair Order Count. Click here to watch Ed's video explaining what you will learn in the...
GM Financial Reports Earnings of $96 Million
FORT WORTH, TEXAS – GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”), announced net income of $96 million for the quarter ended June 30, 2011, and $173 million for the six months ended June 30, 2011. Below are highlights from the financial...
Group 1 Automotive Announces $25 Million Share Repurchase Authorization
HOUSTON, TX -- Group 1 Automotive, Inc., a Fortune 500 automotive retailer, announced that its board of directors authorized a program to repurchase up to $25.0 million of the company's common stock. Purchases may be made from time to time, based on market...
Hertz Extends Exchange Offer to Acquire Dollar Thrifty
PARK RIDGE, N.J. -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz") announced that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) ("Dollar Thrifty") for $57.60 in cash and...
America’s Car-Mart Announces Opening of 108th Dealership
Bentonville, Arkansas -- America's Car-Mart, Inc. (NASDAQ: CRMT) today announced the opening of its newest dealership. The dealership is located in Albertville, Alabama. "Car-Mart has tremendous growth opportunities especially in states like Alabama. Albertville is...
Manheim Used Vehicle Value Index Falls 1.3%
Manheim Consulting's monthly auto industry brief reported July 2011 wholesale used vehicle prices decreased when compared with June 2011’s numbers. The Manheim Used Vehicle Value Index is still up 5.9% (125.9) over July 2010 when it was 118.9. Manheim said this...
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