Five key factors are helping improve the outlook for U.S. car dealers and new vehicles sales will reach 12.9 million units in 2011, according to Paul Taylor, the chief economist of the National Automobile Dealers Association (NADA). Taylor made the …
Aftermarket OEM supplier Sym-Tech announced a new President and COO, Brad Gibson, who assumed the role February 22nd. Gibson joins Sym-Tech with over 20 years of senior management experience. He served as President and COO for 14 years at BIC …
In the summer of 2005, everything in the economy and auto industry had aligned to deliver us the trinity of business success. We had traffic, profit and staff morale. Profits were amazing because customers were hungry for our product and …
Off-lease shortage will be short-term According to online auto auction company OPENLANE, 2010 marked a slow but steady road to economic recovery — a welcome change following the troubles the automotive industry experienced in late 2008 and throughout 2009. For …
But the sustainability of incentives raises questions about 2011 December’s sales results are not yet in, as we go to press. But barring a complete sales collapse in the final weeks of December, full-year sales will likely exceed 1.56 million …
Get a pay plan with payback It’s more than just the money, as Canadian dealers know well. A well-designed compensation package addresses several business needs. It supports recruitment, assists in retention, motivates performance and rewards the employee with money (direct …
Strip the technology away and it’s all about people Meet Ontario dealer Ernie Dean, of Ernie Dean Chevrolet Buick GMC in Alliston, who is mixing his social media efforts with his community service to raise awareness and money for a …
The proportion of used-vehicle buyers in Canada who financed their purchase via a dealer-implemented loan increased significantly in 2010, according to a report by the Power Information Network (PIN). The percentage of transactions in 2010 that included a loan obtained …
Seasonally-adjusted price index on a five-month climb ADESA Canada’s Used Vehicle Price Index for continued to climb through September, increasing by approximately 0.5 points from August, seasonally adjusted. “As we closed out 3Q10, the number of units going through auction …
Big winners and big losers pepper the results Is the glass half full – or is it half empty? Which perspective you choose, when viewing new-vehicle sales, probably depends on your brand affiliation. Looked at overall, sales in 2010 are …
Automakers compete for Facebook fans in new online battleground So what is Facebook all about? A nuisance? A distraction? A time waster for teens and people who seem obsessed with living in public and sharing everything they do with their …
Seasonally-adjusted price index continues to climb ADESA Canada’s Used Vehicle Price Index for August strengthened by approximately 0.6 points from July, seasonally adjusted, as actual prices turned upward. After five consecutive months of softening, price support finally came in August. …
