A mid-month report found that floor traffic at dealerships was up nearly 3 percent, with closing ratios ahead of last year by more than 2 percent. According to CNW, this indicates a possible 6.5 percent sales gain for the full month.
Read More →Manufacturers offered an average of $4,162 in incentives per vehicle in February, while the average MSRP of vehicles sold this month rose 3.7 percent vs. last year.
Read More →Google Business Photos is allowing the site’s millions of online visitors to take a virtual tour of individual dealerships. Similar to Google’s Street View technology, the tour allows potential car shoppers to browse inside the dealership.
Read More →Providing a snapshot of consumer credit health, the car lease marketplace reported that January credit approvals on its site were 23.1 percent higher than the average approval rate during the last five months.
Read More →Senate Banking Committee Chairman Tim Johnson advocated for Consumer Financial Protection Bureau Director Richard Cordray to retain his position at a hearing March 12. A vote on the nomination will be held at a later date.
Read More →The site's new tool will allow marketers with a verified website to monitor what users have pinned from their site, as well as what pins have been repinned and clicked on the most by other users.
Read More →Chevrolet, Jeep and Ram made YouTube’s Top 10 list of most viewed ads in February. Ram took the No. 3 spot with 14 million views of its “Farmer” commercial.
Read More →Dealership service departments are driving up customer satisfaction. The reason, according to J.D. Power and Associates’ annual Customer Service Index study, is repair work is down and maintenance visits are up.
Read More →For customers on a budget, Cars.com lays out its Top 10 list of used vehicles for around $10,000. Ford has four models on the list, while Hyundai has two.
Read More →Ally Financial revealed in a March filing with the SEC that it is one of the banking institutions being investigated by the CFPB.
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