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...
China isn’t the only one beating U.S. when it comes to car sales and car production Europe is on its way to do the same. While slowing U.S. sales have hit Ford, its French rival Renault is doing better than ever by reporting a strong performance in Europe, suggesting the European market stays great. US car sales are expected to fall this year from 2016’s record levels, while Europe’s are forecast to rise slightly, in spite of near-record sales last year. Ford announced first-quarter earnings sharply down on the year, with pre-tax profit falling $1.5bn to...
If you think the last time you visited a dealership the dealers seemed more worried or even pushier than before, you might be right. They have a good reason by the way, simply because a new analysis revealed that the selling process of a vehicle now takes longer. That's despite them substantially ramping up incentives meant to sweeten their offer. While the industry retail sales pace remains high, it is being powered by elevated levels of incentive spending which pose a serious threat to the long-term health of the industry. The latest numbers from showrooms are not pretty. Thro...
New York’s attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls. As part of the settlement, reached on Friday with New York Attorney General Eric Schneiderman, those dealers must now notify customers two days before a sale of an unrepaired vehicle that no repair has been completed. Franchise dealerships are also required to provide loaner vehicles to customers if repairs to their recalled vehicles take more than one day to complete. The settlement comes following an investigation by the...
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 dealers asking for more of the newly launched 2017 BMW 5 Series cars. They say they don’t have enough of the product. It’s not like they beg for more, but since there are a lot of interested buyers they really need more supply. At the end of March, BMW had just 200 unsold sedans in dealer inventory. They began arriving at dealerships on mid-February. Customers had preordered about about 2,000. Production and deliveries have ramped up since the end of March, a BMW spokesman said. Dealers on average should have a two- to three-week supply now during the launch. For the...