Auto Retail News

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

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 sale

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, wi

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

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 refl

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 be

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

AutoNation, Inc. (NYSE: AN), America’s largest automotive retailer, announced that its retail new vehicle unit sales inJuly 2011, as reported to the applicable automotive manufacturers, totaled 18,949, a decrease of 4% as compared to July 2010.

Raleigh, N.C.—More than 20 percent of young adults plan to purchase a car within a year, according to an FGI research survey compiled by Capstrat, a communications firm. The national survey looked at the purchase decisions of more than 400 Millenni