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Trending Auto Retail News

Customer Loyalty Equals Unit Sales, Dollar Volumes and Market Share

Talk to any marketer, and they’ll likely tell you about the importance of customer loyalty. The axiom states that it’s much less expensive to make a sale to a current customer than it is to win a new one. No question — building customer loyalty is important, and most...

CarMax Grand Opens First Store in Denver, Colorado

Company Celebrates with “Road Rally for Charity” Event RICHMOND, Va. - CarMax, Inc., the nation’s largest retailer of used cars, officially opened its first auto superstore in Denver, Colo. today, located at 2600 West 104th Avenue in Federal Heights. The store is more...

Some Car Segments See Wholesale Price Changes Last Few Days

Some Car Segments See Wholesale Price Changes Last Few Days

This past week, wholesale and used-car prices started to feel the effects of rising demand in the wake of Hurricane Sandy. Auction activity from as far as Texas had rising levels of sales attributed to replacement vehicle sales. Black Book recorded daily changes in...

Deloitte Consumer Spending Index Moves Up Sharply in October

Deloitte Consumer Spending Index Moves Up Sharply in October

NEW YORK -- The Deloitte Consumer Spending Index (Index) rose sharply in October, primarily due to the second consecutive and significant increase in new home prices. The Index tracks consumer cash flow as an indicator of future consumer spending[i]. "The housing...

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