July 09, 2020
Dealer News
Depreciation Trend Continues
Staff Writer
April 22, 2020
Black Book reported volume-weighted, overall car segment values decreased by -1.40 percent this past week. This is the 4th week of large depreciations and gives a 4-week average of -1.02…
Auto Sales added to Federal Guidelines as Essential
Jeff Bellant
April 24, 2020
A federal agency deemed auto sales essential as the U.S. government and several states began developing plans to reopen the economy at press time. These bits of good news were…
Lithia Expects Dip in New-Car Sales
Staff Writer
April 15, 2020
The Lithia Motors dealership chain expects first quarter 2020 net income to be in the range of $45.5 million to $47.0 million and net income per diluted share between $1.95…
FCA: Stay Off Road
Staff Writer
April 13, 2020
FCA is launching a social media campaign across its Alfa Romeo, Chrysler, Dodge, FIAT, Jeep and Ram brand channels. Each brand will have its own unique hashtag in addition to…
KBB Announces Brand Image Winners
Staff Writer
April 09, 2020
Subaru, Tesla and Toyota were big winners in Kelley Blue Book’s 2020 Brand Image Award winners, based on annual new-car buyer perception data. For 2020, Subaru won Best Overall Brand…
Kia Extends Warranty
Staff Writer
April 08, 2020
Kia Motors America, in conjunction with Kia Motors Corp., has launched the Kia Promise warranty coverage extension program, which is effective immediately and further enhances Kia’s recently announced Accelerate the…
Hyundai Extends Warranties
Staff Writer
April 07, 2020
Hyundai Motor Company launched a warranty extension policy for its vehicles worldwide, which includes America’s Best Warranty for customers in the United States. The program aims to support Hyundai customers…
Car Dealer Offers to Pay Mortgages
Staff Writer
April 07, 2020
Maryland auto dealer, Alex Perdikis, recently announced via video from his dealerships at Koons of Silver Spring, a mortgage payment relief program to help clients during this turbulent economic time.…
Leases Hit 52 Percent in 2020
Staff Writer
April 06, 2020
New-vehicle leases accounted for 31 percent of the new retail vehicle market in 2019, while lease transactions this year account for 52 percent of captive lenders’ new retail business. According…
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