Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
In 2011 BMW had unveiled its M5 sports sedan at the Frankfurt auto show. The car had to win the attention within 50 other production vehicles debuting at the event. Six years later, the automaker decides to choose a different way of promoting its new generation M5. The car has been revealed in a video game.BMW's strategy, unthinkable only a few years ago, illustrates how the digital era is transforming the way automakers introduce vehicles. The shift has left many of the big international auto shows grasping for answers as brands increasingly connect with consumers through Instagram and Yo...
The average U.S. light-vehicle dealership managed their fixed operations department very well, considering their final repair and costs figures. In 2017, total repair orders written by that average dealership were flat, and so was the total parts inventory it carried — after both had risen at a double-digit clip the year before.That dealership also added more technicians — with the total rising to 19 per store from 16 in 2016 and 15 in 2015 — which helped to boost total parts and service sales, despite the repair-order slowdown. In addition, the total parts and service revenu...
Guess who promised to reform its corporate culture from the ground up? It’s Subaru! After the automaker admitted to faking the fuel economy and emissions data on Japan vehicles for at least five years, Subaru wants to grow a brand new culture.Subaru said inspectors at its Gunma and Yajima plants in Japan, where it assembles nameplates such as the Impreza, Outback and Forester, altered fuel economy and emissions data on 903 vehicles. The faulty inspections did not affect export vehicles. The manipulation began in December 2012 but may have started as early as 2002, Subaru said. A lac...
Anyone planning to buy a new car for the first time in a while might need to prepare themselves for a bit of a shock. The combination of higher auto prices, longer loans, and bigger interest rates means that a buyer could pay about $6,500 more for a car that they would have five years ago. The average price paid for a new car reached the $34,623 mark in March. Five years ago, that number was 31,078. The loans bring their share to the price, too. Growing interest rates makes borrowing more expensive. Now interest rates on new-car loans stand at 5.7 percent compared with 4.4 percent i...
Car buyers who have been purchasing their cars from the same dealership for generations could see a different kind of for-sale sign the next time they visit. Small to mid-size dealer groups are selling their businesses to car-retail giants or investment firms. Dealers say that they need to get triple revenue in the next 5 years to offset shrinking margins and increasing competition from companies that did not exist a decade ago. The internet has made the field very tough, by making car prices more transparent for customers and giving them the opportunity to shop around. It has also ...
