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UMTRI: Average new vehicle fuel economy in US in May unchanged from April
2013-06-04 20:30:18| Green Car Congress
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KBB Takes a Long-Range View on Where Used Vehicle Prices Heading
2013-06-03 00:02:51| AutomotiveDigest.com - Automotive Industry News
This year started strong, but with no strong gain in used vehicle prices in Q1, auction values began an early decline in April and since have declined below levels seen in 2012 and 2011. Kelley Blue Book expects depreciation to continue through the remainder of the year, with year-end values no more than 3% to 5% percent below 2012. Only a few segments are maintaining a positive value for the year mid-size pickup trucks are doing well from. Hybrids have taken the biggest fall nearly 9% from January; the drop in the first quarter can be attributed to. Auction values of 1-to 3-Year-old luxury vehicles fell nearly 1% in May; the segment performing better than overall market average, which fell. Click here to read the latest Blue Book Used-Car Market Report.The Article KBB Takes a Long-Range View on Where Used Vehicle Prices Heading appeared first on Automotive Digest.
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Ford Hybrid Vehicle Sales Break Full-Year Record in First Five Months of 2013
2013-06-02 21:26:08| Automakers - Topix.net
Ford Motor Co. Friday said it had surpassed its previous full-year hybrid sales record in just the first five months of 2013.
CTC awarded $15M increase on Air Force Research Lab contract for plug-in vehicle work
2013-06-02 15:30:20| Green Car Congress
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Turnaround Specialist: 5 Secrets of Dealerships Used Vehicle Success
2013-06-01 18:37:02| AutomotiveDigest.com - Automotive Industry News
"Were making more net profit in a month now than we used to make in an entire year. That speaks to two things how bad we were before and how good we are now," says Paul Lynch, general sales manager at DePaula Chevrolet, Albany, N.Y., who has become a turnaround specialist in the stores used vehicle department over the past 15 months. Check out some of these results: Volume: The store has grown from selling an average 60 used vehicles/month, to an average 130/month. Gross Profit: With the extra volume, the dealerships front-end gross profit average has improved to nearly $1800/unit. Each sold unit also averages $1,000 in F&I and $350 in service gross profit. Retail-Readiness: If the cars arent done in the shop and pictured up and online in 72 hours, we feel very uncomfortable, Lynch says. Dale Pollak, founder of vAuto, Inc, offers dealers advice on becoming a turnaround specialist, using the DePaula Chevrolet dealership of Albany, NY as a perfect example. [Read more]The Article Turnaround Specialist: 5 Secrets of Dealerships Used Vehicle Success appeared first on Automotive Digest.
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