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Mini executives want the brand's U.S. dealerships to pursue used-car sales with more vigor. Higher used-car sales would help Mini and its retailers at a time when new-car sales have slumped. So Mini USA launched a program at the beginning of the year that pays dealerships bonuses for hitting used-car sales targets. Each Mini store gets a customized target. If a store hits its target, it will receive additional margin of 1 percentage point of the vehicle's sticker price on each new-car sale. Thomas Felbermair, vice president of Mini Region Americas claims that the used-car bu...
U.S. new-vehicle sales are expected to rise very slightly in May from a year ago, narrowly snapping the industry's streak of four consecutive monthly declines. Analysts expect 2017 sales of 17.2 million, 2 percent fewer than the record 17.55 million sold last year. The annualized selling rate is projected to be less than 17 million for a third consecutive month, more evidence that the market has passed its peak. That would mean the industry will already have had as many sub-17 million months in 2017 as it did in each of the past two full years. Other forecasts project sales-volu...
According to a well-known German source, the president of U.S. is ready to fight Germany in an auto battle. At the NATO summit in Belgium, mr. Trump got a chilly reception, after attacking fellow members. But he was caught pledging a battle with German automakers as part of his anger with “back dues” he feels the country owes to NATO. In a discussion about the country’s trade surplus, Trump said. “The Germans are evil, very evil.” “Look at the millions of cars they sell in the US, and we’ll stop that,” sources told Der Spiegel. A...
As part of the efforts to reduce exposure General Motors will slash headcount at its international headquarters in Singapore. GM International -- which oversees markets such as India, Southeast Asia, and South Korea, among others -- will reduce its staff to about 50 from 180 by year end, according to a person with knowledge of the matter. About 90 employees will leave the company by the end of June and 40 by the end of 2017. Last week, the company said it would take a $500 million charge in the second quarter to restructure operations in India, Africa and Singapore. The company plan...
Summer is right around the corner. Many of you are might already have booked your summer getaway. You still have a chance to buy affordable vehicles to complement your adventure. As summer rolls around, many of you might be already thinking of buying a new car. You don’t have to visit a local dealership and get stressed about the buying process. All you have to do is turn on your computer and head over to RepoKar.com. RepoKar is your best bet at finding all the best makes and models at affordable prices. Don’t miss out on this opportunity! Register today and browse through our...
