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Dealer news: One of America’s oldest dealerships changes hands; M&A activity in Valencia, Calif.
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Latest Stories
Retail
Repeat Winner in Consumer Reports’ Owner-Satisfaction Survey
Friday, Nov. 30, 2012, 07:01 AM
Auto Remarketing Staff
Are your customers coming back into the dealership to purchase the same new vehicle again? Well, if your dealership is selling Chevrolet Volts, this may be the case. According to Consumer Reports annual Ownership Satisfaction survey, 92 percent of respondents who own the Volt said they would definitely buy it again. This score made the […] [Read More]
NADA Urges Dealers to Be Aware of FTC’s ‘Drip Pricing’ Warning
Friday, Nov. 30, 2012, 06:56 AM
Nick Zulovich
The National Automobile Dealers Association made the connection Thursday about how warnings issued from the Federal Trade Commission that are primarily targeted at the hotel industry can affect dealer group principals and store managers, too. The warning is connected with what the FTC calls “drip pricing.” The agency first conducted a special conference on the […] [Read More]
Payless Opens New Dealership in Sunshine State
Wednesday, Nov. 28, 2012, 06:57 AM
Auto Remarketing Staff
After revealing the opening of a new Louisiana store just last week, Payless Car Sales announced a new dealership in the Sunshine state is now open for business. Payless has opened a new store in Fort Myers, Fla. — the company’s second location in the state. Officials noted Payless Car Sales of Ft. Myers, located […] [Read More]
Wisconsin Auto Group Raises Funds for Cancer Research
Wednesday, Nov. 28, 2012, 06:55 AM
Auto Remarketing Staff
A grand opening celebration led to a community giveback for the Russ Darrow Group. As part of its recent grand opening celebration at Russ Darrow Nissan in Milwaukee, the group raised $5,600 to benefit the Breast Care Center at Froedtert & The Medical College of Wisconsin. The centers are home to a team of breast […] [Read More]
6 Million and Counting for Subaru of America
Wednesday, Nov. 28, 2012, 06:54 AM
Auto Remarketing Staff
While celebrating its 6 millionth vehicle, and five consecutive years of sales increases, Subaru of America already projected a timeline for when it might reach the next milestone. The company announced this week that it has sold its 6 millionth vehicle in the United States, a 2013 XV Crosstrek which was sold at Subaru of […] [Read More]
CNW Predicts ‘Roaring’ Used Sales Rebound for Both Franchised & Independent Dealers
Tuesday, Nov. 27, 2012, 06:59 AM
Nick Zulovich
CNW Research said Superstorm Sandy pulled about 250,000 used sales out of the market in October, but many of those buyers have come “roaring” back this month. Analysts project this month’s used sales figure to come in at 3.04 million, which would represent a 17.6-percent jump from November of last year. The prediction is coming […] [Read More]
Founder of Van Tuyl Dealership Group Dies at 85
Tuesday, Nov. 27, 2012, 06:56 AM
Auto Remarketing Staff
Right before the Thanksgiving holidays, the auto industry received some sad news. The founder of the nation’s largest privately owned auto dealership group passed away on Tuesday, Nov. 20, in Kansas City, Mo. [Read More]
Webinar This Week Offers How-To on Carfax Price Adjustment
Tuesday, Nov. 27, 2012, 06:55 AM
Auto Remarketing Staff
Dealers can learn more about stocking quality units and holding gross in retail, in the next National Auto Dealers Association Webinar, set for Wednesday at 1 p.m. EST. Joining the free NADA Webinar will be Mike Platts of Carfax, to offer dealers insights on the Carfax Price Adjustment that is included with a Carfax Vehicle […] [Read More]
Payless Opens New Franchised Louisiana Store; Offers CPO Program
Monday, Nov. 26, 2012, 08:56 AM
Auto Remarketing Staff
Payless Car Sales revealed last week a new store in Louisiana’s capitol city. Gerry Lane’s Payless Car Sales is now open for business at 11025 Reiger Road in Baton Rouge. The new store is located next to Gerry Lane Cadillac. The company contends that this store allows Baton Rouge customers to buy quality used vehicles […] [Read More]
J.D. Power & LMC Automotive: November New-Car Sales Bouncing Back
Monday, Nov. 26, 2012, 08:54 AM
Auto Remarketing Staff
Here’s an item dealers still can be thankful for now that all of the turkey leftovers are gone: New-vehicle sales appear to be back on track after Hurricane Sandy. The latest sales forecast developed by J.D. Power and Associates’ Power Information Network and LMC Automotive showed the new-vehicle retail selling rate is back to a […] [Read More]
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