Trending Auto Retail News
Should you Own your Dealership Real Estate? What is the Opportunity Cost?
Dealers often assume that dealership real estate is a good investment. In this low interest rate environment, why wouldn’t you buy your property, particularly if you have the capital for a down payment and can get financed? Commercial mortgage rates are currently...
At Least One Manufacturer is Demonstrating Honesty
I wrote in last month’s column that the expected limited availability of vehicles across all linemakes, and in particular Japanese manufacturers, was going to be serious concern on several fronts. At this writing, Toyota’s production is currently down by 48%, Honda by...
Cancer is to be Cured, not Contemplated!
When teaching on the subject of building a high performance culture, I begin my class by sharing with the attendees these six facts concerning business cultures: You can’t change behaviors or results in an organization by changing its vision. Rather, you change...
Three Manheim Locations Receive Wells Fargo Auto Finance Top Performance Awards
ATLANTA ??? Wells Fargo Auto Finance, Inc. presented three of its four 2010 Top Performance awards to Manheim locations. The company honored Manheim Orlando with the Operational Excellence award, Manheim Ohio with the Best Online Performance award and...
Toronto-Dominion Is Ahead of Target Signing Up Car Dealerships for Loans – Bloomberg
Globe and MailToronto-Dominion Is Ahead of Target Signing Up Car Dealerships for LoansBloombergToronto-Dominion Bank…
Dealer.com Opens Renovated Office Expansion
Burlington, VT ??? Dealer.com, the global leader in online marketing solutions for the automotive industry, today unveiled a 70,000-square foot addition to its current office space, bringing the total office size to 135,000-square feet. The expansion is located...
Cadillac Revamping Dealerships With Modern New Look – AutoGuide.com
MiamiHerald.comCadillac Revamping Dealerships With Modern New LookAutoGuide.comMost luxury car dealerships have a sty…
Cadillac Unveils New Luxury Design for Dealerships
DETROIT ??? Cadillac is rolling out a new, modern design for its dealerships as part of the brand???s ???Defining Moments??? customer service initiative. Designed by Gensler architects and Cadillac designers, the new showroom layout features open, well-lit displays...
Toyota Forecast Down for The Year
Today, Toyota Motor Company announced the automaker???s forecast for the fiscal year ending March 31, 2012. According to Bloomberg, Toyota is forecasting a 31% decline in profit for the full-year, mostly due to the devastating earthquake and tsunami that hit Japan in...
GM Certified Used Vehicles program renamed Chevrolet/Buick/GMC Certified Pre-Owned Vehicles
DETROIT ??? Starting Saturday, two years of standard maintenance including oil changes will be part of purchasing a Certified Pre-Owned Chevrolet, Buick or GMC vehicle as General Motors moves to tie pre-owned cars, trucks and crossovers to its brands. Owner Care, a...
“Notable Quotables” – 6-10-2011
"The secret of joy in work is contained in one word--excellence. To know how to do something well is to enjoy it." --Pearl Buck
OPENLANE: Used Vehicle Retail Sales Up 12%
According to OPENLANE Market Index for May 2011, During May New Vehicle Retail Sales declined 8% from April levels, while Used Vehicle Retail Sales increased by 12%. Year-over-year, OPENLANE said May New Vehicle Retail Sales were down 4% while Used Vehicle Retail...
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