Car Dealer News for 06-Feb-2007
'The Internet's Changing the Auto Retail Business For the Better (SeekingAlpha via Yahoo! Finance)
Jerry Marks submits: 10 years ago we all heard how the internet was going to cause the disintermediation of the car dealer. But "consumers like to kick the tires" we were told. And so now everyone has given up on this idea of the internet.
'Local Car Dealers Hope Auto Show Will Go On (KDKA Pittsburgh)
After Monday?s tractor trailer accident at the Convention Center, many local car dealers are left wondering if the Auto Show will be able to go on this weekend. The Auto Show gives local dealerships the chance to show around 500 cars and trucks, many of which are new models. KDKA?s Bob Allen reports.
'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.
'Ford Motor Co. and FordDirect Name Ted Britt Ford 2006 Ford Internet Dealer of the Year (The Auto Channel)
LAS VEGAS, Feb. 5, 2007 -- For the second year in a row, Ted Britt Ford of Fairfax, Va., has been recognized as Ford Motor Co. and FordDirect's Ford Internet Dealer of the Year. The announcement was made by FordDirect President Steve St. Andre at the National Automobile Dealers Association Convention in Las Vegas, Nev.
'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.
'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.
'Automatic Data Second-Quarter Profit Rises 15% on Higher Sales (Bloomberg.com)
Feb. 6 (Bloomberg) -- Automatic Data Processing Inc., the world's biggest payroll manager, said second-quarter profit increased 15 percent as it processed paychecks for more workers and sales of its car-dealer services gained.
'Car dealer's capacity grows (Worcester Telegram & Gazette)
SHREWSBURY - A local used-car dealer, cited last year for having more cars for sale than allowed under its dealer's license, last night was granted an increase in its legal capacity.
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