Sonic Automotive to Open Used Car Chain
Aug18

Sonic Automotive to Open Used Car Chain

Article by Christina Rogers, the Wall Street Journal: Sonic Automotive Inc., one of the country’s largest car-dealer companies, will open a chain of preowned-vehicle stores hoping to move on the turf of used-car retailer CarMax Inc. Sonic today will announce the creation of EchoPark stores, with the first dealership opening in Denver this autumn, a few miles from a CarMax store. Like CarMax, EchoPark will provide no-pressure...

Read More
Car Dealers Set to Pay $5 for Each Ad on Craigslist
Dec24

Car Dealers Set to Pay $5 for Each Ad on Craigslist

According to Craigslist’s fact sheet the site receives more than 100 million classified ads each month (including reposts and renewals). The site also receives visits from 60 million US users every month, making it one of the most popular sites online. Even though the company has received some negative press due to some criminal activities, the platform is still used by a large number of people, mainly because the service is...

Read More

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

Automotive loan delinquency and repossession rates increased in the first quarter of 2013, according to Experian Automotive’s latest State of Automotive Finance report. Thirty-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year. “Obviously, we never want to see a rise in delinquencies or repossessions, but when you compare...

Read More
Why Bankruptcy Filers Are Great Prospects For Buy Here, Pay Here
Dec23

Why Bankruptcy Filers Are Great Prospects For Buy Here, Pay Here

With buy here, pay here a growing and potentially lucrative niche within the used car industry, dealers are able to explore which types of customers represent the best prospects for this specialized type of purchase and financing. What is the one market segment often overlooked?  Answer: 1.4 million Americans who fil bankruptcy every year.  But before you write them off as deadbeats, you should know the facts about them.  Bankruptcy...

Read More
Sales­peo­ple Using Tablets Gain High­est Cus­tomer Sat­is­fac­tion
Dec23

Sales­peo­ple Using Tablets Gain High­est Cus­tomer Sat­is­fac­tion

Cus­tomer sat­is­fac­tion high­est when auto sales­per­son is using tablet Helps main­tain con­sis­tency in the sales process & pro­vide information Pro­vides shop­pers with more sales and vehi­cle information Price & pay­ment info on tablet screens bring high­est satisfaction Only 10% of dealer sales teams use tablets   Any questions or feedback, please contact us: twitter.com/bhphnews | facebook.com/bhphnews  ...

Read More
New Tech Incubator Focuses on Car-Based Apps
Dec23

New Tech Incubator Focuses on Car-Based Apps

Tech entrepreneur Jim Disanto sees the automobile as the next great platform for connectivity. “There are a more than a billion cars in the world,” he said. “Every automotive OEM and Tier 1 supplier will tell you that within three years, every car will need connected systems, or you’re not going to be able to sell it.” That, Disanto believes, will spawn a new generation of app developers offering Internet-enabled enhancements to the...

Read More