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U.S. dealers more profitable, says NADA

U.S. dealers more profitable, says NADA

July 6, 2011 at 6:31 pm Comments are Disabled

Even with relatively low sales volumes the average dealership’s net pretax profit margin hit a 24-year high last year — even though the new-vehicle department was in the red for a fifth straight year, according to the National Automobile Dealers Association. The net pretax profit as a percentage of total […]

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Music key to stress-free road trips

Music key to stress-free road trips

July 6, 2011 at 6:24 pm Comments are Disabled

When selling cars to Canadians, don’t overlook the value of promoting the car’s audio entertainment features. A new study finds that 70% of Canadian drivers say music is the key to a stress-free summer road trip. The study from SiriusXM Canada and Leger Marketing survey found that almost half of […]

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Steve Macaluso joins CarProof team

Steve Macaluso joins CarProof team

July 6, 2011 at 6:20 pm Comments are Disabled

Steve Macaluso joins CarProof’s management team as Director, Corporate Accounts. A well respected auto industry figure, Macaluso brings 14 years of industry experience acquired from within the vehicle remarketing sector. Macaluso previously held executive-level positions at ADESA and Manheim (most recently as General Manager of Manheim Toronto). In a news […]

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Manheim allows dealers to “make an offer”

Manheim allows dealers to “make an offer”

July 6, 2011 at 6:16 pm Comments are Disabled

Every transaction in the wholesale auction industry revolves around one key question: What’s the value of this unit? Last week, Manheim introduced a new feature on OVE.com, its 24/7 bid and buy now wholesale vehicle marketplace, allowing buyers to “make an offer” and suggest the value they think a car […]

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White paper explores loyalty programs

White paper explores loyalty programs

July 1, 2011 at 3:03 pm Comments are Disabled

Auto retailers that use a third-party loyalty program can achieve significant retention increases of 20 percent and more, according to findings presented in a new white paper from MediaTrac, a U.S.-based marketing technology company. MediaTrac released their free Auto Retailer’s Ultimate How to Guide that explores customer loyalty and retention […]

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BMW Canada names new President & CEO

BMW Canada names new President & CEO

July 1, 2011 at 2:56 pm Comments are Disabled

Earlier this week, BMW Group Canada announced the appointment of Eduardo Villaverde to the position of president and CEO, effective September 1, 2011.  Villaverde replaces Manfred Braunl who has left the BMW Group. Braunl was just named to the post in January 2011. Details weren’t disclose about where Braunl was going. […]

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Auto dealers boost online ad spending

Auto dealers boost online ad spending

June 29, 2011 at 4:15 pm Comments are Disabled

A new report forecasts that auto dealers will boost their total advertising spending by 7.2 per cent in 2011 with the biggest boost in online media. The report, “2011 Local Automotive Advertising Outlook” from Borrell Associates predicts an increase from $21.1 billion in 2010 to $22.6 billion this year. The […]

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NADA issues report on state of auto industry

NADA issues report on state of auto industry

June 29, 2011 at 4:11 pm Comments are Disabled

The economic recovery may have been slow, but the financial performance of new car and truck dealerships improved in 2010, says Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), in a new report on the state of the industry. In the U.S. new-car dealerships on average employed […]

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