Honda dealers who went nearly six months with no vehicles to sell face new pressure from the Japanese auto maker, which has reduced their credit period from one month to just 10 days....More
Ally Financial is increasing wholesale credit lines for dealers as they ride the wave of improved sales. The lender expanded wholesale limits for more than 40% of its dealer clients....More
Greg Semack will locate a vehicle from a dealership, bring it to the customer for a test drive, sort out financing, prepare paperwork and make the delivery....More
Dealerships still see a share of credit-challenged customers coming from three primary areas of distress: bankruptcy, unpaid medical bills and slow paybacks of student loans....More
Ideally, the auto maker would like a Mopar presence in all areas of a dealership, says Tricia Hecker, who heads marketing for the brand, celebrating its 75th anniversary this year....More
Under the new agreement, Fiat will set up a wholly owned company to oversee distribution activities and begin setting up a new dealer network in the country....More
Dealers are doing an array of things to boost their fixed operations, from building new facilities with prominently located service lanes to using CRM software for systematic marketing....More
Family businesses aren’t inferior to corporate enterprises. A properly run car dealership will do well, whether it is owned by a major corporation or mom, dad and the grown kids....More
Reduced income from repairs, services and parts sales left 63% of Spanish dealers in the red last year, compared with 32% of dealers in other EU countries....More
For a Nashville BMW-Mini dealership, country-music celebrities may be shopping in the showroom, kicking the tires on the lot and sending playfully worded thank-you notes....More
A new finance company, more fuel-efficient engines and an accent on performance and styling are among strategies the auto maker will use to grow demand....More
Publicly owned Lithia, a perennial top player on the WardsAuto Megadealer 100, sold 58,398 used cars in 2011, nearly 10,000 more than the year before....More
Overproduction, particularly by domestic auto makers, glutted the market, forced dealers to take cars they didn’t want, drove down prices, hurt residual values and betrayed customers, he says....More
The Internet makes the used-car industry one big car lot, but it takes more than luck to successfully sell a pre-owned vehicle, remarketing experts say....More
Brand reputation is at stake when it comes to social media applied to the retail auto space. Misused, the tools can backfire and impair customer relationships, experts say....More
Navigation-system maker TomTom is offering downloads of celebrity voices (including some of these) to guide you on your route. Who would you like to have tell you where to go?
Auto companies sold 6.56 million vehicles worldwide in April, a 3.4% increase over same-month year-ago, raising total deliveries for the first four months of 2012 to 27.2 million units.
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