Trending Auto Retail News
The Digital Dealer Virtual Exposition Draws A Crowd Online
The Digital Dealer Virtual Exposition, dedicated to using the Internet and technology to sell and service more vehicles more profitably, was presented completely online. The event ran live December 5 – 11, 2012 with an archive period extended to January 11, 2013. The...
Car Dealership Employee Charged with Embezzlement
According to the Picayune Item, an employee of a local car dealership has been charged with embezzling thousands of dollars from the business. Picayune Police Department Assistant to the Chief of Police Jeremy Magri said the investigation began on Jan. 1, when the...
Suburban FIAT of Ann Arbor Completed in Record Time
Newest FIAT Studio Opened for Business Just Three Months After Start of Construction ANN ARBOR, Mich., Jan. 11, 2013 (GLOBE NEWSWIRE) -- The nation's newest FIAT Studio, Suburban FIAT of Ann Arbor, is open for business. Land preparation for where the 3,400 sq. ft....
NADA Economist: New-Vehicle Sales Momentum to Continue in 2013
McLEAN, Va. (Jan. 11, 2013) – The sales momentum of new cars and light trucks established last year is likely to continue in 2013, predicts Paul Taylor, chief economist of the National Automobile Dealers Association. Taylor expects more than 15.4 million new vehicles...
How Technology Continues to Reshape the Auto Business
Step back for a moment and consider how technology-driven the successful auto dealer is today. Whether a dealer looks inward or outward, they preside over an expanding web of outsourced technology solutions that are vital to his or her success. Across the U.S....
Lincoln Financial Group Selects Insurance Technologies’ FireLight®, an E-Application Business Fulfillment Platform
Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today that Lincoln Financial Group has selected FireLight® to automate and streamline its annuity e-application business...
Ally Financial Declares Dividends on Preferred Stock
DETROIT, Jan. 10, 2013 -- The Ally Financial Inc. (Ally) board of directors has declared quarterly dividend payments for certain outstanding preferred stock. Each of these dividends were declared by the board of directors on Jan. 3, 2013, and are payable on Feb. 15,...
Mazda Reports Best-Ever Certified Pre-Owned Sales in 2012
- All-New Certified Pre-Owned Program Proves Effective as Sales Outpace Industry - IRVINE, Calif. (January 11, 2013) – Mazda North American Operations (MNAO) today announced a record sales year for its Certified Pre-Owned (CPO) vehicle program. With total sales of...
When Searching for that Proverbial Needle in the Haystack
In today’s automotive world, dealers are not interested in hearing about the problem or wanting to know how it was created. They are primarily interested in hearing a solution. I vividly remember in my days as a dealer I was the same way. Trade-in percentage on new...
Automakers Will Invest Heavily in Powertrains, Optimizing Combustion Engine Still Bigger Bet Than Electric: KPMG Survey
DETROIT, Jan. 11, 2013 (GLOBE NEWSWIRE) -- Despite continued hype and heavy investment by auto makers in electric propulsion technologies, global automotive executives say that optimizing the internal combustion engine will see the most investment over the next...
America’s Car-Mart Opens 119th Dealership
Bentonville, AR, Jan. 8, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) today announced the opening of its 119th dealership. The dealership is located in Woodstock, Georgia. "Woodstock is our first location in Georgia, a state that we are very...
Manheim Index Rises Again in December
According to Manheim Consulting, Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose 1.2% in December. With the Manheim Used Vehicle Value Index closing out the year at 124.1, the year-over-year decline was reduced to a modest 0.8%....
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