Car Dealer News for 24-Jan-2006
'Sales execs' salaries fall BMW dealer principals earn 44% more than national average of others (AutoWired)
TOTAL PAY, including basic and commission, for sales executives and business managers working in the franchised sector fell by 1.1% between 2004 and 2005. The fall, disclosed in the tenth, 2006 edition of the RMIF/Sewells Retail Motor Industry Pay Guide is almost certainly as a result of deteriorating car sales and dealer profitability.
'James Bond spy car fetches $1.9 million (Daily Times)
A Swiss businessman won the keys to James Bond?s silver 1965 Aston Martin DB5 coupe on Friday with a $1.9 million bid at an annual classic car auction in Arizona. The 45-year-old man, who did not want to be identified, placed his bids over the telephone through friend and car dealer Beat Roos
'Used Car Buyers Warned About Autos Flooded In Hurricanes (NBC 4 Los Angeles)
LOS ANGELES -- Southland residents shopping for a used car are being warned to beware of vehicles flooded during last year's Gulf hurricanes, something unscrupulous sellers might not disclose.
'Police probe car dealer's business links after ordeal (Cambridge Evening News)
DETECTIVES are investigating the business background of a car dealer whose family were taken hostage.
'Axl Rose Statement About Bad Car Deal (Undercover)
Axl Rose is taking legal action against a car dealer he claimed defrauded him. Last week, the Guns ?n? Roses frontman filed a lawsuit against Andy Cohen and Beverly Classic Cars after the dealer sold one of Rose?s cars and kept the money.
'Car dealer accused of being tax cheat (WBBH)
? A Fort Myers car dealer is out of business after state agents arrested him for not paying sales tax. Courtney Longman is accused of withholding $43,000 in taxes.
'CARkeys - Car Sales Commissions Down (CARkeys)
Falls in commission have cut average pay for car salespeople in the wake of falling new car sales and dealer profits. The 2006 edition of the RMIF/Sewels Retail Motor Industry Pay Guide reveals a fall of 1.1% between 2004 and 2005 in total pay for car sales executives and business managers working in the franchised sector.
'Women under drug dealer's spell (Huddersfield Daily Examiner)
A WOMAN of 23 who fell under the spell of a Huddersfield drug dealer when she was a teenager has avoided a prison sentence. Bradford Crown Court heard that Shelley Taylor was 18 when she became "smitten" with drug dealer Samuel Hillaire, who was almost twice her age.
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