It’s a cutthroat world, FirstLook and MAX Systems founder Pat Ryan Jr. says, where dealer profit margins are under attack by well-armed consumers and a ferocious used-vehicle market is making it hard to maintain inventories....More
Dealers gained used-car market share at the expense of private-party transactions because people selling their cars found dealers willing to pay top dollar for them, the “2012 Manheim Used-Car Report” says....More
While it is clear that many Americans are giving up their long-time commitment to domestic vehicles in favor of Asian and European competitors, not all of the forces driving the change are understood....More
Ft. Myers (FL) Toyota is claiming a world record by selling 719 used vehicles in one month.
“It was a historic event for our town, our business and especially our people,” John Marazzi, general manager, says of the July event....More
Researchers say a material with the same weight and density as aerogel, but with 10,000 times more stiffness, offers promise for the automotive-parts industry where lightweight, high-stiffness and high-strength materials are needed....More
Maruti Suzuki is campaigning to convince global and local investors of the benefits of parent Suzuki’s wholly owned India operation. But some Maruti Suzuki shareholders oppose the plan and regulators have questioned its legality....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More