Monday, March 30, 2015 - 14:47

RE: "Yes, it is always nice to keep money at home, and with all things being equal, the transportation advantages means a lot of domestic oil stays home. But that doesn’t have a major bearing on...

Saturday, March 14, 2015 - 02:23

GM is vulnerable with a huge cash hoard. Last I saw at a $35. stock price, $16. was cash. I'm surprised no one has made a run at GM. I think its cash and break up value has been MUCH higher...

Saturday, March 14, 2015 - 02:20

Buffet certainly won't sell to make short term profit. BTW, I find nothing wrong with profit of any kind. But it remains to be seen if the buy back bolsters stock price long term. I've held my...

Wednesday, March 11, 2015 - 14:09

This sounds like the system in place in the dealership when I started selling cars in 1970. Each car line had its own set margin. The sales staff was very productive and the store made money....

Tuesday, March 10, 2015 - 14:49

Looks like old Harry got his way and Warren Buffet will have to live with the increase in his stock value. So will I. I can live with that.

Tuesday, March 10, 2015 - 14:48

RE: "With the right attitude change car sales could be even bigger and better but "dealers" are their own worst enemy the way it is right now."

Sounds like a great business venture for you...

Monday, March 9, 2015 - 11:28

I'm sure consumers will fall for this, and love us to death, right?

I read a recent study created for credit unions where it was stated that the changes in auto retailing, as prompted by...

Saturday, March 7, 2015 - 03:40

A money grab? Taking advantage of widows and pensioners? A stock buy back would increase the value of the GM stock holdings of the widows and pensioners, wouldn't it?

I don't take a...

Tuesday, February 17, 2015 - 21:32

RE: “How would the average service-absorption percentage look if dealers stopped penciling gross profit from the vehicle departments to the fixed-ops departments via retail recon and other...

Friday, February 13, 2015 - 11:19

RE: "Leasing peaked in 1999 with 3.7 million deliveries. Then it crashed, hitting a low point of 1.1 million units in 2009. That occurred after General Motors and Chrysler virtually ditched their...

Tuesday, February 10, 2015 - 11:59

Longer loans requires ever larger rebates to overcome the negative equity in the long term finance deal. This results in negative equity buyers being steered to vehicles they can buy, based on...

Saturday, January 24, 2015 - 16:36

Also, are you saying a business shouldn't be allowed to calculate and price for the risks it takes? We once had a system for car loans where an applicant was either approved or denied. People...

Saturday, January 24, 2015 - 16:26

Credit Bureaus ARE regulated by the CFPB, AND other regulators. If you have a beef with a credit bureau, register your complaint on the CFPB website.

Further, Interest rates are NOT "set"...

Sunday, January 18, 2015 - 01:30

If the UAW is serious about getting rid of the 2 tier system, it needs to come from its senior members. Parity with the transplants needs to be maintained. Period.

A large percentage of...

Saturday, January 17, 2015 - 23:33

Great article Steve!

According to my niece, a PhD candidate in statistics, the problem begins with the mortgage where borrowers "self describe" on their race. That self description is...

Saturday, January 17, 2015 - 19:38

Actually, this makes no sense at all. Imagine the chaos. Who needs it.

Wednesday, January 7, 2015 - 08:35

I have never been able to get posted EPA fuel economy from any of the turbo vehicles I've owned. But then I didn't drive them carefully enough to keep the turbos dormant. It seems Ford developed...

Tuesday, January 6, 2015 - 16:23

We live in an era of margin compression and turning down gross profit by not asking for it is the answer?

RE: "In essence, the position is adversarial. And adversarial relationships drive...

Saturday, January 3, 2015 - 13:13

The public companies need to continue to keep stockholders engaged. Buying new points to show "growth" and announcing new initiatives keeps investor interest.

In addition to the new...

Saturday, January 3, 2015 - 13:05

There is no free market. There are only market forces. But I'd like to know the whereabouts of this free market halcyon I keep hearing about. Where is that small government nation that "proves...

Monday, December 29, 2014 - 08:16

The idea that the VT business model stays intact is bunk, if for no other reason than the CFPB.

I wonder if the group will continue its brutal work schedules and extreme management turnover...

Sunday, December 28, 2014 - 11:42

And prospecting gets done to a much greater degree when a rotation system is in place. With rotation, no one has to be concerned with losing their turn, although a good rotation system eliminates...

Sunday, December 28, 2014 - 11:38

How would the average service absorption percentage look if dealers stopped penciling gross profit from the vehicle departments to the "fixed ops" departments via "retail recon" and other...

Saturday, December 27, 2014 - 06:31

Define "market price."

You have obviously never retailed cars but I do have a suggestion for you. Since you have a "better way," invest your own money into a dealership and do it your...

Wednesday, December 24, 2014 - 09:52

Of course consumers want to negotiate. Even pouty Millennials. What they want is to be guaranteed a win.

Dealers would be glad to all agree to sell for MSRP. Consumers need to be...

Tuesday, December 23, 2014 - 15:11

Because you'll complicate things by using the dealer's price as your opening negotiation gambit and because the chances are you don't have fast track credit, that's why. Plus, you'll probably be...

Tuesday, December 23, 2014 - 15:10

Because you'll complicate things by using the dealer's price as your opening negotiation gambit and because the chances are you don't have fast track credit, that's why. Plus, you'll probably be...

Tuesday, December 23, 2014 - 15:09

HUH? Consumers don't play games? Negotiation is a game. If they don't want to negotiate let them pay MSRP.

FLASH! The purpose of selling cars is to make gross profit.

The...

Thursday, December 18, 2014 - 12:30

Consumers resent dealer tactics designed to help them make gross profit but have no problem using their own tactics to get the best deal.

The FTC wants auto buyers to be able to shop and...

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