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Audi's tight U.S. supply, fast turn rate lift dealer profitability
what we're doing at Audi. The historical model was a lot of cars, store that inventory in dealerships. The dealer has to pay floorplanning, so he has a high expense structure on all those cars. The consumer then comes in and says, 'Wow, that's
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Bill Ford tells shareholders to be patient about stock price
United States. He said heavy investment in Asia would begin to pay off and allow Ford to rely less heavily on the U.S. market ..... executive incentive plan and expressed support for executive pay . The company said 69 shareholders attended the meeting. Ford
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Kia Europe boss sees growth despite tough market
made Koleos SUV. How does Europe benefit from Kia's presence? Our contribution to the European economy is not small. We pay 746 million euros in annual taxes to European governments and employ 34,000 people. Kia's gross added value to the region
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AutoNation's Jackson: Oversight of add-ons is head-scratcher
The bureau already is investigating dealer reserve -- the profit dealerships make by marking up the interest rate consumers pay on loans arranged at the dealership. Being the "worrier" he is, Jackson says, he'll keep watch on any product-related
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Subprime scrutiny could open a real can of worms
marking up the retail price of the vehicle based on what it has to pay the lender for providing the loan and based on how much it paid ..... can of worms. The bureau has jurisdiction over buy-here, pay -here dealerships. Maybe that segment will provide some clues
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FandI add-ons: Fed agency's target?
bureau lacks jurisdiction over dealerships except for buy-here, pay -here stores, but the bureau said in connection with dealer ..... agreed to refund about $140 million to 2 million customers and pay an additional $25 million penalty. The bureau said Capital
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AutoTrader's VinSolutions buys Haystak Digital Marketing
marketing vendors, for instance, that Chrysler Group has approved for partial reimbursement of dealers who use the vendors to buy pay -per-click advertising on Google and other search engines, including Bing and Yahoo. Other vendors approved by Chrysler
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Parts plan could hurt customer care
satisfaction is going to take a hit when dealership staffers try to maximize the new payout (which will impact gross profit and their pay ). Dealers will be penalized for picking up parts from other dealers -- specifically, parts purchased from GM by another dealer
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Stair-steps targets: 'Irrational,' erratic and disruptive
havoc on dealerships' front-end new-car margins. And customer satisfaction suffers because buyers get aggravated when they pay significantly more than someone else purchasing near a stair-step deadline, when retailers may slash prices below cost to
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Public retail groups: 'We're fighting tooth and nail' for margins
thinks there is room to improve the new-vehicle margin, especially as investments the company has made in technology start to pay off. But he's not managing the company based on margin. "I can't take margin to the bank," Smith said. "What I can
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Nissan price cuts could boost brand
Edmunds.com and Cars.com ask shoppers to narrow their searches by picking a price range or a "maximum" amount they will pay . Such screens, designed to help shoppers narrow the field, can leave models off the consideration list because of a difference
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Connecting with service customers
result of the relationships they build, the female advisers generally sell more than the male advisers. Monthly customer- pay sales per female adviser can be as much as $20,000 higher, Pipher said. Hostile culture According to the 2012 NADA Dealership
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FandI add-ons: Fed agency's target?
bureau lacks jurisdiction over dealerships except for buy-here, pay -here stores, but the bureau said in connection with dealer ..... agreed to refund about $140 million to 2 million customers and pay an additional $25 million penalty. The bureau said Capital
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Mercedes CEO: Customer service will be 'my legacy'
we will have to create improvement. Money is on the line. How much money has Mercedes-Benz put into the margin program to pay dealers who meet the new requirements? The stakes are high -- $60 million is on the line. It is a net new payment focused
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Fisker's funk causes prices to plunge
Motors and the classified ads on cars.com shows prices of new and used Karmas have crashed. Most eBay bidders are willing to pay only $50,000 to $55,000 for a gently used Karma, and not much more for a new one. That's quite a drop, since the 2012
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Audi's tight supply, fast turn rate lift dealer profitability
what we're doing at Audi. The historical model was a lot of cars, store that inventory in dealerships. The dealer has to pay floorplanning, so he has a high expense structure on all those cars. The consumer then comes in and says, "Wow, that's
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U.S. consumer watchdog expands probe into auto financing, report says
question about abusive practices associated with buy-here, pay -here dealerships, I responded that DOJ was focused on such ..... consumers. The bureau does have authority over buy-here, pay -here stores that typically make loans themselves. The bureau
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GM to buy historic Durant-Dort buildings in Flint, Mich.
actually have a really nice collection of Buicks andhellip; and hold dealer events there andhellip; and we don't have to go pay to rent the Russell Bazaar," he said. GM spokesman Terry Rhadigan said, "Considering the building was built in the 1800s
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U.S. judge sentences couple to jail for stealing GM trade secrets
count of obstruction of justice. He was sentenced to 36 months total on all seven counts, also served concurrently. Qin will pay $100 for each count, plus another fine of $25,000. Addressing the court Both Du and Qin cried as they addressed the court
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U.S. judge sentences couple to jail for stealing GM trade secrets
count of obstruction of justice. He was sentenced to 36 months total on all seven counts, also served concurrently. Qin will pay $100 for each count, plus another fine of $25,000. Addressing the court Both Du and Qin cried as they addressed the court