Car Dealer News for 05-Feb-2007
'CAR DEALER FRAUD PROBE (Wakefield Today)
THE CLOSURE of a leading car dealership in Wakefield has sparked a fraud inquiry by police. Janard Seat, which was based on Doncaster Road, closed down after its franchise was withdrawn in April.
'Driving for Dollars: The car invoice price myth (The Columbus Dispatch)
A colleague sidled up to me the other day and boasted that he had just bought a new car and managed to get a heck of a deal -- $500 under what the dealer paid for the car. I smiled and congratulated him on his savvy negotiating skills. There was no reason to burst his bubble.
'Driving for Dollars: Reader pays for a car she no longer has (Bankrate.com via Yahoo! Finance)
A possible victim of fraud, car expert Terry Jackson suggests checking with the state to see who actually owns the car.
'Car dealer's son gets 18 months for fraud (Chicago Sun-Times)
The businessman son of a well-known car dealer was sentenced to 18 months in prison Friday for defrauding Harris Bank out of more than $700,000 to keep his struggling car dealerships afloat.
'Car maker claims dealers keen to relaunch MG John van Straaten (Motor Trader)
Nanjing Automobile Corporation has claimed that its dealer recruitment drive is well underway after the Chinese car maker affirmed plans to resume small scale production of MG cars at Longbridge in the spring.
'Driving for Dollars: Invoice price on any car is a mythical figure (Bankrate.com via Yahoo! Finance)
The factory invoice most dealers are happy to share with buyers represents a theoretical price the dealership would pay if it sold just that one vehicle, says car expert Terry Jackson.
'Dealer Meetings With Car Execs Testy (AP via Yahoo! Finance)
When several thousand Ford or Chrysler dealers meet with their corporate executives and things aren't going well, there's always tension and conflict. Sunday's meetings were no different.
'Hand-held helps buyers calculate car payments (Richmond Times-Dispatch)
Michael Crites wants to turn the auto-buying process upside down. He has developed a program using a PDA device that lets car-buying customers scan barcodes on vehicles in a dealer's lot and get an accurate estimate of what the monthly car payment will be.
'Microsoft Kicks Off Automotive Retail Solutions Initiative, Launches Partner Ecosystem for Dealer Management Solutions (The Auto Channel)
Partners DealerTrack, JM Solutions, Manheim, RouteOne and The Cobalt Group will integrate their offerings into the Dealer Management System for Microsoft Dynamics AX.
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