Archive for March, 2010

26
Mar
10

Fun Friday- Funny Singing Cat

26
Mar
10

Black Book Finds that the Car Segment is Going in a Positive Direction

The managing editor of Black Book, Ricky Beggs, stated that the overall car segment finally showed an increase.   With a positive performance percentage wise for the upward value this week.  This is the fourth straight week that there were positive adjustments.  Beggs stated that, “the end-of-the-week adjustment reports indicated a significant number of daily, and thus total weekly, adjustments — almost 11,200 for the week.”  The car segments that didn’t show a positive increase are the luxury and prestigious level of vehicles.   Beggs explained that, “as a whole, the combined car segments finally broke into positive territory this week.  With a steady climb towards actual appreciation for eight of the last nine weeks, this week finally showed an increase of $13.01, with eight of the 10 car segments finishing in positive territory.” The truck segment showed a slight climb as opposed to the full-size crossover which went down. 

Have you noticed a positive change in performance at your dealership?

To read the full article on Auto Remarketing please click here.

17
Mar
10

Which Car Dealers are the Best in Customer Service?

J.D. Power and Associates just released the results of their 30th annual Customer Satisfaction Survey for Auto Dealer Service.  This information helps potential customers make better decisions when dealing with a car dealership.  When you need to go to get your car serviced whether it is for repairs, maintenance, or recalls it is important to go to a dealership that has exceptional service.   About 114,200 people were surveyed for every car brand sold in the US on 5 key factors.  The factors included overall service quality, how the service experience was initiated, the experience with the service advisor, the overall impression of the service facility and the experience picking up the vehicle from a service appointment.

Based on a 1,000 point scale the results are below: 

These results compared with last year’s results make interesting findings. The Lexus won the number one spot last year as well meaning that other car dealerships should take notice of their service.  Mercedes Benz and Cadillac have had a large improvement from the results of 2009.  On the contrary Volvo’s scores went from 767 last year to 763 this year.  Do you agree with these findings? Let me know by leaving a comment.   

If you would like to read the full article written by Aol Autos, click here.

12
Mar
10

Fun Friday- Car Dealership Cartoon

10
Mar
10

Rise in Auto Sales in February

The Indian Auto Industry reports that the February auto sales have been the largest ever for the month breaking the January record.  They feel that consumers might have been rushing to buy a car due to the possible hike in the prices following the Budget.

The Society of Indian Automobile Manufacturers says that the total sales of the domestic market is at 11,29,783 units and that is up 34.98 percent from a year ago.  The domestic passenger car section was the highest ever sales with 1,53,845 units which is up 33.2 percent from that month last year.  The automotive industry is thought to continue the uphill swing in the month of March as consumer are buying due to the price hike in April because of stricter emissions norms.

Have you noticed a difference in sales at your dealership?

To read the full article, please click here.

05
Mar
10

Fun Friday- Jump into the Weekend

05
Mar
10

The World’s Cheapest Car- Tato Nano

If you are looking for a car that is pint size and inexpensive than the Tato Nano is the car for you!  The Indian car maker Tata has just announced that they will bring the world’s cheapest car to the United States in 2011.  Although this car is labeled “the cheapest car” that might not be the case once it has to hold up to the American and Admissions Safety Standards.   On the Indian sub content the Tato Nano base model sells for about $2,500.  They are guessing that the car in the US will sell for around $8,000 which is not bad at all.

Considering the recession this might not be a bad car to have on your car lot.  I think a lot of people are in the market for a reliable inexpensive vehicle.

To read more about the Tato Nano on please click here and go to page 6.