Tag Archives: Auto Dealers

Dealership turnover squeezing profits

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NADA study spotlights struggles in recruitment and retention

The struggle among dealerships to attract and retain female employees mirrors a broader problem: the industry’s inability to keep new hires.

That inability, shown dramatically in the National Automobile Dealers Association’s 2016 Dealership Workforce Study, hurts profits, says an author of the study.  Read more here…

 

BEBdata Auto Lead Lists

BEBdata partners with the nation’s most robust data companies for our automotive leads lists. The databases hold over 150 million records of car, truck & SUV owners throughout the United States. Buy your next auto file from BEBdata. We specialize in bankruptcy data, bankruptcy leads, and more. We are data experts and can help you to identify, communicate and engage your prospects to become customers.

SUCCESSFUL NADA 2015

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Everybody is back from a great show in San Francisco, CA.  NADA (National Auto Dealers Association) 2015 was fantastic and it was great to see so many of our valued clients in one place.  Thanks to everyone that made this year’s NADA 2015 one of the best yet!

Don’t forget that NADA is moving the convention date in 2016, breaking from the traditional January/February timeframe.  The 2016 NADA Convention will be held in Las Vegas, Nevada from March 31 – April 3rd.  Hope to see you there!

BEBdata at 2015 NADA. Cool RobotBEBdata at 2015 NADA - Force Marketing Booth

 

 

 

 

 

 

Ro Royall, Ann Frank-Shantz and Ron Royall at the 2015 NADA Conference

Ro Royall, Ann Frank-Shantz and Ron Royall at the 2015 NADA Conference

NADA BOUND

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2015 NADA BEBdata logoThe BEBdata tribe is putting the final touches on plans  for our attendance at the 2015 NADA Convention & Expo.  This is the “it” conference for the auto industry and we never miss it!

This year’s keynote speakers include Jeb Bush and Jay Leno!  For a complete listing of speakers click here.

Excellent workshops such as, “Exceptional Experience that Win Digital Buyers” and “NexGen Dealers Leading the Future Their Way Today” are only a few of the exciting and trending topics that will be discussed.

We’ll have the latest information on BK trends and you can review our data card by clicking below!  Hope to see you there!

2015-01 BEBdata Card NADA

CPO Market Reaches Best Quarter Results

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Consumer Bankruptcy and Certified Pre-Owned marketJoe Overby of Auto Remarketing shared that Certified Pre-Owned (CPO) vehicle sales climbed nearly 20% year-over-year in September! That’s the best quarter ever for the market, says Autodata Corp.  Continue reading →

Auto Lending at Record High Unseen Since 2006

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WOMAN AND CREDIT CARDFueled by a record high level of borrowing for car purchases, Americans probably bought about 1.4 million motor vehicles this month, pushing sales up more than 10 percent from July 2013. By most forecasts this will be the best July on record since 2006, more than a year before the start of the Great Recession that sent the auto industry into a crisis.

Read more from this International Business Times article by pressing here.

Subprime Borrowing is Hot in the Car Business

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CAR KEYS - SUBPRIME LENDINGToday, people are able to buy new cars even with a credit score lower than 500. A year ago that would have been very difficult to pull off. Dealerships all over the country are offering deals for high credit risk buyers as long as they have a good job, current utility bills that are in good standing, and some money for a down payment.
The market for subprime borrowing is hot and this time the car business is leading the way. The central bank’s stimulus is making it easier for people with spotty credit to buy cars as investors purchase riskier bonds linked to auto loans. Below are some interesting facts surrounding subprime lending:

  • Subprime car buyers account for more than 27% of loans for new vehicles, compared to 25% last year and 18% in 2009.
  • Issuance of bonds linked to subprime auto loans soared to $17.2 billion this year, more than double the amount sold during the same period in 2010.
  • Some experts believe that vehicle loans are safer because the underlying asset can be more accurately valued, it’s easier to repossess, and people who need a car to get to work make that payment a priority.
  • 58% of loans taken out to purchase Chrysler’s Dodge brand vehicles in October were with loans above the industry average of 4.2% annual percentage rate, according to Edmunds, a researcher that tracks vehicle sales.
  • Buyers with imperfect credit account for 27% of loans for new vehicles.

*Synopsis of an article published by The Toledo Blade at http://www.toledoblade.com/Automotive/2013/11/12/Subprime-borrowing-gains-traction-in-the-auto-industry.html

The New Car Gal

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Mary Barra - GM CEOLast Tuesday, GM’s board named Mary Barra, a 33-year company veteran, as its next CEO, making her the first woman to lead a major car company.

Barra replaces Dan Akerson, who moved up retirement plans by several months to help his wife, Karin, battle advanced cancer.

When Barra starts her new job on January 15, she will lead a company that’s made nearly $20 billion since emerging from bankruptcy in 2010, much of it from the cars and trucks she helped develop. But she still faces challenges…read more by clicking here.

Subprime Borrowing is HOT in the Car Biz

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2013-11-20Today, people are able to buy new cars even with a credit score lower than 500.  A year ago that would have been very difficult to pull off.  Dealerships all over the country are offering deals for high credit risk buyers as long as they have a good job, current utility bills that are in good standing, and some money for a down payment.

 

The market for subprime borrowing is hot and this time the car business is leading the way.  The central bank’s stimulus is making it easier for people with spotty credit to buy cars as investors purchase riskier bonds linked to auto loans.   Below are some interesting facts surrounding subprime lending:

 

  • Subprime car buyers account for more than 27% of loans for new vehicles, compared to 25% last year and 18% in 2009.
  • Issuance of bonds linked to subprime auto loans soared to $17.2 billion this year, more than double the amount sold during the same period in 2010.
  • Some experts believe that vehicle loans are safer because the underlying asset can be more accurately valued, it’s easier to repossess, and people who need a car to get to work make that payment a priority.
  • 58% of loans taken out to purchase Chrysler’s Dodge brand vehicles in October were with loans above the industry average of 4.2% annual percentage rate, according to Edmunds, a researcher that tracks vehicle sales. 
  • Buyers with imperfect credit account for 27% of loans for new vehicles.

READ MORE BY CLICKING HERE