Trending Auto Retail News
Porsche CPO Sales Total 5,137 in 2011
For the month of July 2011, Porsche's Approved Certified Pre-Owned vehicle sales were 779, compared to 573 last year. The year-to-date total was 5,137, compared to 4,369 last year.
NICB Names 10 Most Stolen Vehicles for 2010
DES PLAINES, Ill. -- The National Insurance Crime Bureau released Hot Wheels—its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and...
Edmunds.com: Japanese Brands Increased Incentive Spending by 24.5%
SANTA MONICA, Calif. — A surge in incentive spending by Japanese automakers last month may force U.S. car manufacturers to boost their own spending in the coming month, reports Edmunds.com, the premier online resource for automotive information. According to an...
Mercedes and BMW CPO Vehicle Sales Decline in July
Mercedes-Benz Certified Pre-Owned (MBCPO) program sold 5,895 vehicles in July 2011, a decrease of 14.7%. On a year-to-date basis, MBCPO sold 45,750 vehicles, a decrease of 5.1 % over the comparable period last year. BMW announced in July, sales of BMW used vehicles...
VW Credit, Inc. Chooses Wolters Kluwer Financial Services’ Automotive Retail Lease Contracts for All VW, Audi and Bentley Dealerships
VW Credit, Inc., the financial services arm of Volkswagen Group of America, has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts. Through this new relationship, VW Credit, Inc. will provide Wolters Kluwer Financial...
Sales Call Guru Reveals How To Take Control of Internet Leads and Phone Ups
The road to the sale has changed. Meet and greets are now done electronically either through e-mail or over the phone. Ninety percent (90%) of prospects search nine different web sites and e-mail or call five different dealerships before ever walking onto any...
Audi CPO Reports Best Fifth Consecutive Month of Record Sales
Audi Certified Pre-Owned sales reported July CPO sales set fifth consecutive monthly record with 3,506 vehicles sold. Audi CPO sales up around 26.8% versus 2010, the previous best July on record. A4 models continue to make up the majority of the sales volume.
Mercedes-Benz Financial Services USA LLC Announces Leadership Changes in Marketing
FARMINGTON HILLS, MICH -- Mercedes-Benz Financial Services USA LLC announced today changes in the leadership of its Marketing operations. Andreas Hinrichs, Vice President of Marketing for Mercedes-Benz Financial Services USA since June, 2008, will take on new...
Maheim: 2011 Mid-Year Used Car Market Report
ATLANTA – Despite the pressures of an uncertain world economy and natural disasters that disrupted the automotive industry, the used vehicle market proved to be a bright spot during the first half of 2011. Retail used car sales volumes and dealer profitability...
Ally Financial Announces Net Income of $113 Million
NEW YORK -- Ally Financial Inc. (Ally) this week reported net income of $113 million for the second quarter of 2011, compared to $146 million in the prior quarter and $565 million for the second quarter of 2010. Core pre-tax income, which reflects income from...
How to Create a Healthy Sense of Urgency
I used to wrongly believe that all urgency was good urgency, and was certainly better than no urgency at all. Not quite. Without question, a healthy sense of urgency is an essential ingredient in a high performance culture. But contrary to popular belief, a sense of...
Seize the Pent-up Demand
It’s been a long hot summer. Especially for Japanese-branded dealers with earthquake-driven inventory constraints that have stunted sales opportunity during some of the most critical months of the year. And all dealers have weathered the effects of a troubled economy....
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