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...
March, April and May are the months with the highest selling-volume, this year it seems like dealerships have a good benefit from an early Easter.“It’s reassuring when retail sales grow faster than the overall industry pace as it indicates consumers remain very active and engaged in the new-vehicle market.” says Eric Lyman, TrueCar’s vice president of industry insights, in a statement. TrueCar is expecting increases of 4% for retail sales and 1% for fleet ones. LMC projects retail to rise above 3,9% and 4,7% for fleet sales. April has five weekends this year,...
Just as if the problems with the production haults at the Japanese plants were not enough, Toyota Motor Corp. notes a global sales decline in the first quarter of this year. Toyota's sales results fell behind Volkswagen AG's, and this disrupted the Japanese automaker's four-year reign atop vehicle industry sales charts. In the January-to-March period Toyota's worldwide deliveries dropped 2.3% to 2.46 million vehicles. In the same time Volkswagen deliveries rose 0.8% to 2.5 million. In the context of Japan's recent most devastating e...
Company mergers in the modern automotive industry has become a common practice. More and more specialists declare that the auto industry should consolidate further to cope with rising development costs. As thus, Fiat Chrysler Automobiles Chairman John Elkann renewed a push to merge the company with one of the auto industry’s “big guys”, saying savings could top $10 billion a year.Even with developments like car sharing and self-driving vehicles, Fiat Chrysler’s major competitors should consider the potential benefits of a merger because the bulk of their ...
All the main automotive dealerships agree on the fact that there is a serious shortage of automotive technicians able to work on today's advanced cars and trucks. In this situation analysts and experts say that simply recruiting more technicians won't help. The emerging gap between the lost and the recruited technicians is considerable. Ford and GM estimate a need for a total of 15,000 new technicians for their U.S. dealerships over the next five years. The North American shortfall is estimated by Mark Davis, automotive programs manager at Seminole State C...
The biggest U.S. carmaker General Motors raised its 2016 earnings outlook on Jan. 13 Wednesday as it follows up a banner year of U.S. sales with major product launches and touted the benefits of hard-won efficiencies.General Motors has put together a respectable string of sales strategies: 28 consecutive months of growth in commercial vehicle sales to companies.As GM pulls back from less-profitable sales to rental agencies, the company has channeled much of those resources into the more-lucrative business of selling pickups, vans and Chevrolet Malibus and Equinoxes to contractors, landscapers ...
