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Report on specialty market pegs growth rate at more than 8%
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1/19/2009
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During the 10-year period from 1998 to 2007, the specialty accessories and appearance products industry experienced increases averaging nearly 8.7 percent per year, while the U.S. economy had an average annual growth of only 3.2 percent per year, according to a recently-released report by the Automotive Aftermarket Industry Association (AAIA). In addition, the total "automotive aftermarket" grew at an average annual rate of 4.1percent.
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Some dealers reporting rebound since Christmas
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1/19/2009
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The evidence may still be just anecdotal, but since the weeks leading up to the holday car showroom traffic is reportedly picking up at many dealerships across the country, despite what automaker forecasters are saying.
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Gen-Y on making cars 'cool' again
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1/14/2009
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The future of the auto industry will likely be driven by the choices and tastes of the largest generation since the baby boomers, Generation Y. At 75 million strong and coming of age, this Generation may re-shape everything, and auto industry executives are paying attention. That's why studies such as one released by consulting firm Deloitte last week get their attention. The survey, "Connecting with Gen Y: Making Cars Cool Again" sheds some insight into what captures the automotive imagination of this Generation. Though the idea of "cool" varies, the survey found that the underlining qualifications, not up for negotiation, are safety and comfort.
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GM pinching its advertising pennies
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1/14/2009
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General Motors Corp.'s top U.S. marketing executive said Monday he does not foresee further big cuts in the automaker's sports sponsorships as it balances a cash shortage with the need to market its products
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J.D. Power: Customer satisfaction with service increases
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1/13/2009
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Customer satisfaction with dealer service has increased slightly among vehicle owners, compared with 2007, in part due to a continuing increase in the proportion of maintenance-related service visits vs. repair-related visits, according to the J.D. Power and Associates 2008 Service Usage and Retention Study (SURS) released late last week.
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Shoppers cite dealer issues when rejecting new vehicle
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1/13/2009
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A majority of vehicles are rejected only after a new-vehicle shopper has visited a dealership, according to the J.D. Power and Associates 2008 Escaped Shopper Study released last week.
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January surprise: Sales beat forecasts
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1/13/2009
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Sales of new cars and trucks in early January indicate that industry conditions might be improving slightly, executives from both Ford Motor Co. and Toyota Motor Corp. said Monday during the Detroit auto show.
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U.S. TARP bill to help auto dealers
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1/13/2009
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WASHINGTON (Reuters) - Legislation to add stricter conditions to the U.S. Treasury Department's $700 billion (461.7 billion pound) financial services bailout programme will also include help for municipalities, commercial real estate and auto dealers, a senior House Democrat said on Friday.
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'Happy days' return for domestic car dealers
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1/13/2009
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At GM dealerships the effects from the loosening of credit were unmistakable. Richard Roy summed up the festive mood as customers streamed into Quirk Chevrolet in Manchester, NH, days after GMAC loosened tight lending restrictions, notes the Manchester Sunday News. "Happy days are here again," Mr. Roy said between rounds of escorting shoppers around the dealership.
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