Ford dangles sweet offer to dealers to renovate their stores
Ford’s dealers could avail of extra vehicle allocations and loan assistance if they agree to renovate their stores according to the company’s Trustmark Design blueprint this year. ... Read more
2013 Toyota Avalon promises to be more fuel-efficient than the Fiat 500
Expect 19 new models of Toyota vehicles in 2012, including the fuel-efficient Toyota Avalon full-sized sedan, to arrive in November, a dealer attending the annual National Automobile... Read more
Nissan Division aims for further growth in 2012 with redesigned cars
Nissan Division hopes to add to its 2011 momentum this year by targeting a 16% increase in volume to 1.1 million units. Al Castignetti, Nissan Division general manager, told attendees of... Read more
AuctionNet owners extend joint venture until 2016
The National Automobile Dealers Association and the National Auto Auction Association have signed a deal to continue their AuctionNet joint venture until 2016. AuctionNet, which started... Read more
Reborn Chrysler Financial to sign up dealers at NADA convention in 2011
Under new ownership, Chrysler Financial will look to sign up dealers at the National Automobile Dealers Association convention in San Francisco in February 2011 to boost its new-vehicle... Read more
Franchised dealerships’ gross profit up 35% to $2,245 per used vehicle sold
The National Automobile Dealers Association revealed that the typical retail gross profit at franchised dealerships surged by 35% to $2,245 per used vehicle sold in the first 10 months of... Read more
Obama signs estate-tax provision as part of tax-cut package
President Barack Obama has recently inked an estate-tax legislation backed by the National Automobile Dealers Association that includes a provision that enforces a maximum 35% tax rate on... Read more
U.S. Congress passes estate-tax provision with 35% rate
The House has passed estate-tax legislation supported by the National Automobile Dealers Association. Expected to take into effect for 2011 and 2012, this estate-tax provision imposes a... Read more
IRS allows dealers to use safe harbor accounting method
In an IRS statement named Revenue Procedure 2010-44, it was ruled that dealers can use “safe harbor” accounting method, which relieves dealers of having to capitalize storage and handling... Read more
Latest Auto Shows
