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Latest Activity

Pankaj Garg is now a member of Automotive Social
yesterday

Supplier
Black Book posted a blog post

Truck Segments Experiencing Low Depreciation As Gas Prices Continue to Drop

This week’s Black Book Market Insights looks at valuation trends as we close out January and inch toward the spring selling season. This past week, trucks saw a strong period of retention while cars continued to show some weakness. More specifically, Full-Size Pickups are showing noticeable strength in activity. This week’s report also includes highlights and updates for all specialty market segments. “Trucks experienced the smallest week-over-week depreciation seen this year,” said Anil Goyal,…See More
Tuesday

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Chris Snellgrove updated their profile
Jan 28

Supplier
Chris Snellgrove posted a status
"Check out our reputation marketing program at www.digitalmedianation.com designed to build, manage and market your 5 star online reputation"
Jan 28
flogmy wheels is now a member of Automotive Social
Jan 28

Supplier
Black Book posted a blog post

First Appreciating Segment of the Year…

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full…See More
Jan 27

Car Dealer
John Sternal posted a blog post

CHEVY CRUZE LT LEASE OFFERED AT $69 MONTHLY ENTERING JANUARY ON WANTALEASE.COM

Wantalease.com, the nation’s first online marketplace for new auto lease deals, reports its lowest-ever lease deal offered entering January, with the Chevy Cruze LT starting at just $69 per month. The Nissan Sentra SV is also being offered at just $129 per month nine other vehicles are being offered for less than $200 per month.While the majority of low lease prices are being offered on compact and midsize cars, a handful of small SUVs are also at the low end of the price spectrum. The Honda…See More
Jan 27
Augustin Aziankou left a comment for Adam Smith
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Jan 26
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Jan 26
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Blog Posts

Truck Segments Experiencing Low Depreciation As Gas Prices Continue to Drop

Posted by Black Book on February 2, 2016 at 8:35am 0 Comments

This week’s Black Book Market Insights looks at valuation trends as we close out January and inch toward the spring selling season. This past week, trucks saw a strong period of retention while cars continued to show some weakness. More specifically, Full-Size Pickups are showing noticeable strength in activity. This week’s report also includes highlights and updates for all specialty market segments.

 

“Trucks experienced the smallest week-over-week depreciation seen this year,” said Anil Goyal, Vice President of Automotive Valuation and Analytics.

 

  • Volume-weighted, overall car values decreased by 0.37% last week. Last year, the same week declined by a rate of 0.21%.
  • Last week the Mid-Size Car segment was the first of 2016 to see a rise in value, but this week all car segments experienced downward pressure.
  • Volume-weighted, overall truck values decreased by 0.28% last week. Last year, the same week declined by a rate of…
Continue

First Appreciating Segment of the Year…

Posted by Black Book on January 27, 2016 at 12:53pm 0 Comments

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

This week’s Black Book Market Insights reveals which segment is opening 2016 with a price increase. And while the increase isn’t by a large margin, it’s a segment that might surprise some people, especially given how it fared during much of 2015. Separately, this week’s report shines a light on truck segments, which continue to largely open 2016 with a thud compared to the momentum they had in 2015.

 

“Overall weekly depreciation rates decreased as some…

Continue

CHEVY CRUZE LT LEASE OFFERED AT $69 MONTHLY ENTERING JANUARY ON WANTALEASE.COM

Posted by John Sternal on January 27, 2016 at 12:51pm 0 Comments

Wantalease.com, the nation’s first online marketplace for new auto lease deals, reports its lowest-ever lease deal offered entering January, with the Chevy Cruze LT starting at just $69 per month. The Nissan Sentra SV is also being offered at just $129 per month nine other vehicles are being offered for less than $200 per month.

While the majority of low lease prices are being offered on compact and midsize cars, a handful of small SUVs are also at the low end of the price spectrum. The Honda CR-V LX 2WD, Nissan Rogue S AWD and the Toyota RAV4 LE FWD are each being offered at $209 per month. 

During November and December, when the Volkswagen scandal was still fresh on car shoppers’ minds, Volkswagen had several models available at low monthly prices. Entering January there are just two Volkswagen models offered at noticeably low prices: Jetta S at $219 per month and the Passat 1.8T  Limited Edition at $329 per month.

Also of interest, only four of the fifteen…

Continue

The Benefits of Buying a Used Car from a Dealer

Posted by Adam Smith on January 18, 2016 at 10:17pm 0 Comments

There is a plethora of reasons why people prefer to buy used cars over new ones.  Also, there is a wide variety of used car dealers in Cape Town. Used cars can be bought from private sellers, small independent car lots and major dealers. The following are the benefits of buying pre-owned vehicles from dealers.

  1. Dealers usually supply cars which have been inspected rigorously. Certified used cars with a manufacturer’s warranty have to meet higher mechanical, detailing and appearance standards.
  2. If you do not understand the nitty-gritties of the mechanical aspect of cars, you can rest easy when you buy a used car from a well-known dealer. You would not have to see to any serious repair yourself.
  3. You save the time and effort that would have gone in doing your own research, making calls, and shortlisting vehicles to check out in person, and scheduling test drives and mechanical tests…
Continue

LEASE CREDIT APPROVALS FINISH A STRONG 2015 ON A DOWN NOTE

Posted by John Sternal on January 14, 2016 at 9:36am 0 Comments

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals finished 2015 exactly at the 70.0% mark, squarely in line with what the company feels is a “healthy” rate of approvals. 

November and December lease credit approvals slipped slightly, bringing the moving twelve-month approvals average down from a high of 77.9% back in August. Despite the end-of-year downswing, lease approvals during 2015 mirrored the broader automotive industry with rising lease credit approvals compared with previous years. The lease credit approvals rate finished at 69.0% in 2014.

Interestingly enough, the approvals rate for December, 2014, saw lowered numbers as well, with just 60.9% of car shoppers gaining approval to take over a leased vehicle.

The end-of-year downshift also mirrored the broader economy’s trend for growth in consumer borrowing. Outstanding consumer credit rose by a revised annual rate of 4.8% during November, its slowest pace since…

Continue

TOM CROSS PROMOTED TO EXECUTIVE VICE PRESIDENT AND DEPUTY GROUP HEAD, TRANSPORTATION, HEARST BUSINESS MEDIA

Posted by Black Book on January 14, 2016 at 9:29am 0 Comments

Hearst today announced the promotion of Tom Cross to executive vice president and deputy group head, Transportation, Hearst Business Media. He retains the title of president of Black Book. The promotion is effective immediately and was made by Steven R. Swartz, president and CEO of Hearst, and Hearst Business Media President Richard P. Malloch. Cross will continue to report to Malloch.

Hearst Business Media has global holdings in the finance, healthcare and transportation industries. Cross will oversee the transportation portfolio, which includes MOTOR Information Systems, Black Book and Canadian Black Book. 

Hearst Transportation delivers more than 8 billion vehicle valuations annually that are used by dealers and financial institutions throughout the United States and Canada for trade-ins, wholesale and financing transactions. Its solutions guide automotive technicians and insurance companies with respect to the repair steps, parts needed and estimated labor times…

Continue

Market Activity Slows as Expected Near End of Year

Posted by Black Book on January 12, 2016 at 2:04pm 0 Comments

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

This week’s Black Book Market Insights report shows that the higher depreciation seen on smaller cars has continued into the first week of the new year. What's more, Black Book expects a robust spring buying season due to the heavy depreciation experienced during the fourth quarter of 2015.

 

“Values continued their decline in the new year with higher depreciation in small cars. We are anticipating strong buying in the tax season this year after the sharp…

Continue

Why Purchase Car Transmission Equipment from a Recognized Brand?

Posted by Georgia Moore on January 11, 2016 at 9:40pm 0 Comments

Car Transmission plays an important role in providing power to the engine and transmits power from the engine in order to drive the wheels. It uses the engine’s torque effectively thereby keeping the engine running at an optimum speed. A quality car transmission will not only provide powerful performance but also help you save money.

In case, you are planning to purchase a nag1 transmission for your ride, then considering a reputed brand is the best idea. Always be aware of unscrupulous dealers that may provide you with huge discounts just to sell a low-quality and ill-performing transmission that will lead to problems with the ride.



Hence, while purchasing a transmission for your ride always keep in mind, the five tips mentioned below to get the best deals.…

Continue

CARS FINISH 2015 WITH -18.2% DEPRECIATION ACCORDING TO BLACK BOOK

Posted by Black Book on January 8, 2016 at 1:48pm 0 Comments

Record Auto Sales in 2015 Point Toward Continued Rising of Vehicle Depreciation

According to Black Book® data, the average price of a used vehicle for model years 2010-2014 declined 1.8% during December, 2015. Cars declined -2.0% while trucks declined -1.7% during the month. 

Average pre-recession annual depreciation was continually recorded between -15% and -18%, and Black Book expects 2016 depreciation near -14%. Interestingly enough, trucks finished 2015 with a twelve-month depreciation of -9.2% while cars tallied -18.2%. 

Sub-Compact Luxury CUV’s led all vehicle segments with the highest depreciation on the month at -6.0%. Vehicles in this segment include the BMW X1 and the Mini Cooper Countryman. Vehicles in this segment entered January with an average segment price of $18,039, a -20% drop from a year ago ($22,553).

Three vehicle segments saw a monthly depreciation of -3.2% or greater, the Sub-Compact Luxury CUV’s, Sub-Compact Crossovers and…

Continue

How to Drive New Car Sales with Email Marketing

Posted by Larisa Bedgood on January 7, 2016 at 11:05am 0 Comments

drive

How to Drive New Car Sales with Email Marketing

Marketing is getting savvier, today’s consumers are more technically advanced, and digital seems to be ruling all. As more consumers turn to digital channels to look and research their next automobile, dealerships are keeping up by embracing data-driven and digital strategies.  However with all these shiny new marketing tactics, dealerships may be ignoring one of the top producers of sales prospects – email marketing.

Email brings in about 39% of a dealership’s leads, according to Larry Bruce, Vice President of Naked Lime. According to…

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Social Media Marketing Slideshow for Car Dealers

Forum

3 things Car Dealers are doing wrong on Facebook

Started by Myles Harris in Social Media Marketing. Last reply by Alisha Kapoor Nov 29, 2015. 1 Reply

Part of what we do at Petrol Digital is a**** a dealers Facebook page. Here are three of the most common things dealers are doing wrong on Facebook.1. Not replying to reviewsThe Facebook 5 star…Continue

Tags: Facebook

End of the Road for Auto Repair Shops? Research White Paper for Automotive Professionals and Owners

Started by Russell Logan in Traffic Sep 22, 2014. 0 Replies

It's the end of summer and time to get back to work. However, are you noticing that the soft summer season seems to be lasting a bit longer?We think it is more than just seasonal - and in fact - have…Continue

Tags: automotive, repair, owners, shops, part

Cut your Floorplan rate in half

Started by Chad Gutschow in Social Media Marketing Aug 23, 2014. 0 Replies

Banking the with the most competitive Automotive Floor-Plan Lender will increase your profit marginWe offer Franchised and Independent Auto Dealers integrated financial solutions to help you sell…Continue

Millennials "bypass" social media? Really?

Started by Matthew Russo in Social Media Marketing Aug 16, 2014. 0 Replies

Recently, AutoTrader.com ran their own survey of 1,900 car buyers (300 of which were millennials) and came to the conclusion that "just 1 percent of car buyers use social sites to shop for a…Continue

Social Media Report

Started by Matthew Russo in Social Media Marketing Aug 12, 2014. 0 Replies

Greetings everyone. Our company - Social Auto Leads - is putting together a report on the state of social media within individual dealerships. If you would like to participate (either anonymously or…Continue

Mitsubishi Cars in KC

Started by Neal Weaver in Social Media Marketing Apr 22, 2014. 0 Replies

Visit Northtowne Mitsubishi Kansas city to learn about new Mitsubishi, used car & auto repair. Premier KC Mitsubishi dealer providing the 2013-2014 Lancer, Outlander, Mirage, lancer Evolution,…Continue

Tags: KC, in, Car, Mitsubishi

Mazda Cars in KC

Started by Neal Weaver in Sales and Selling on the Social web Apr 22, 2014. 0 Replies

Northtowne Mazda website offer you cars like the 2014 Mazda Mx-5, a crossover like the CX-5, or an ultra-efficient passenger car like the 2013 Mazda6 & 2013 Mazda3, our website offers an…Continue

Tags: Dealership, Mazda, City, Kansas

Do social media sites help dealers?

Started by Pat McKemy in Traffic Apr 16, 2014. 0 Replies

FaceBook, Twitter, Google Plus and some other social media sites are being used by businesses for quite some time now. Even I am one of those but do these sites really help your business is what I…Continue

Tags: media, social, Facebook

Do reviews help a business?

Started by Pat McKemy in Traffic Feb 10, 2014. 0 Replies

I would like to know what role do positive or for that matter negative reviews help a website or business gain traffic, leads or conversions. Is it true that positive reviews can help a business…Continue

7 marketing strategies to sell more inventory in 2014

Started by Michael Badders in Uncategorized. Last reply by Michael Badders Jan 24, 2014. 1 Reply

Everyone wants to increase sales, so what is NEW in your marketing plan to help you reach your 2014 sales goals?  Do you have any of the following 7 strategies in your marketing mix?  If so, which…Continue

Tags: Sales, Mobile, Social, Software, Youtube

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