German luxury automaker BMW announced yesterday that it had significantly increased its 2010 forecast for sales an earnings, explaining that improved conditions in the global automobile market had given its outlook a marked boost.
The firm has increased its forecast by about 10 percent, and now says it expects to sell more than 1.4 million [...]
Even though new car dealers across the nation were offering big incentives to buyers last month, in a successful effort to increase sales, values of used cars and trucks were not hurt.
Figures from ADESA Auction, Inc. show that the average used vehicle in March, 2010 was 7 percent higher than the average price in [...]
Ford isn’t the only major automaker reaching out to customers with social media. GM is actually using SM techniques to keep customers happy in a post-bailout world.
According to the folks at LeftLaneNews, GM vice chairman Bob Lutz has stated that while his company used to build cars to fill segments without paying much attention [...]
You might think that Sunday night’s passage of the healthcare insurance reform bill wouldn’t have anything to do with the auto industry, and on the surface, you’d be right. Nevertheless, Automotive News reported yesterday that after being essentially noncommittal while the debate raged on over the last year, the auto industry “remains uncertain about the [...]
Automotive News is reporting this morning that while dealers representing other brands are entering into arbitration to begin working again, Mitsubishi Motors North America is hoping to recruit 25 new dealers this year. The company currently has a roster of 424 dealers, down from 575 in 2005.
Mitsubishi’s director of franchise development, Joe Delello, [...]
