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Growing up in suburban Detroit, dealer Katie Bowman Coleman lived too far from her dad's rural dealership to work summers there. Instead she sold clothes, which interested her far more than cars anyway. Coleman, now president of Bowman Chevrolet in Clarkston, Mich, says she watched her dad go through a lot of hard knocks in the car business. That was influential to making her think she was not sure she wanted to go into that business. But she was always interested in retail and she liked fashion. So Coleman pursued a fashion career that led her to New York and Australia. But in ...
BMW is a lucky car brand this time, its worldwide sales increased 6% for March. The automaker has delivered 254,862 cars this month, which is a big increase comparing to last year. The company's three premium brands– BMW, MINI and Rolls-Royce – also reported a 5.3 percent increase compared to the previous year, with a total 587,237 cars delivered. The carmaker has achieved a strong start to the year, with its X-family models and the BMW 7 Series being the main growth drivers. March was the first full sales month for the new BMW 5 Series Sedan and the customer fe...
Even though U.S. is not in a recession that’s exactly what dealerships are doing nowadays. As a percentage of a dealership's total gross, profits fell in the new- and used-vehicle departments, but rose in service and parts. The profit gains come after about a third of all U.S. light-vehicle dealerships expanded their service departments by at least one bay in the past 18 months to capture more service revenue. And with new- and used-vehicle price competition remaining intense. Going into a sales plateauing year, customer loyalty is going to be very key for dealers. That lo...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
BMW topped its rival in the US luxury auto market for the first time this year, eking out a monthly sales increase and gaining ground on Daimler AG’s Mercedes-Benz. Deliveries of the X3 and X5 sport utility vehicles climbed 43 percent and 35 percent last month, respectively, pacing BMW’s total sales of 31015 vehicles. The Munich-based automaker outsold Mercedes by about 1900 units in March. As plummeting demand for passenger cars led most automakers to miss analysts’ estimates last month, BMW managed to keep deliveries of its 3 Series and 5 Series models roughly flat compared...
