In August, the estimated average transaction price for light vehicles in the United States was $32,495, according to the vehicle valuation source. New-car prices have also increased 2.7% from the same period last year.
July sales totaled 1.435 million units, according to the firm. It put the July SAAR at 16.48 million units, up from 15.76 million in July 2013 but down from 16.9 million in June.
General Motors is bringing back closed sales to Manheim Arena Illinois and Manheim Pennsylvania. These sales are designed to help GM dealerships build their pre-owned vehicle inventories.
Concerns over GM and other recalled vehicles drove shoppers to Asian and European models in June, according to data from CNW Research.
Buy/sell activity is being driven by the fact that auto dealers are enjoying some of the best operating conditions in more than a decade, Haig Partners reports.
The Alpha Dawg returns to warn dealers that the industry is on the brink of a revolution, and he says OEMs, vendors and search engines are not on their side.
General Motors plans to roll out its Shop-Click-Drive program to all of its dealers by the end of the year. The voluntary program allows dealership customers to complete the entire car-shopping process online.
John Carroll - To help them cope, said Cole, minority dealers also gather in a Dealer 20 Group setting twice a year to share ideas.
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