Cliff Banks - The Banks Report

“Punching” Sales Practice Under Fire from Maserati Dealer

September 3, 2015 — Last Friday, Stuart Hayim, owner of Recovery Racing, a group that owns Maserati and other luxury franchises in New York, New Jersey and Florida, filed a $200 million lawsuit against Maserati North America alleging the automaker forced dealers to participate in discriminatory incentive and sales programs designed to prop up sales numbers… Continue Reading

Cliff Banks - The Banks Report

Ranger’s Return?

August 28, 2015 — In December, we speculated about the possibility that Ford would resurrect the Ranger, its compact truck, in the U.S. market. Earlier this week, sources leaked to the Detroit News that Ford indeed is considering bringing the Ranger along with the Bronco back to the U.S. The move likely is part of… Continue Reading

Cliff Banks - The Banks Report

Fiat Chrysler’s Big Show in Vegas – A Lot of Hype

August 26, 2015 —  An unexpected strong second quarter and big dealer party this week in Las Vegas to show off more than a dozen new vehicles along with promising nearly 30 newly redesigned or brand new vehicles over the next 24 months have Fiat Chrysler dealers celebrating. But there is trouble under the hood.  Call…

This content is for subscribers only.
Log In Subscribe
Average Throughput on Pace for Record Says Urban Science

Average Throughput on Pace for Record Says Urban Science

August 25, 2015 — As automotive sales continue to increase, the average sales per dealership — or throughput, to use industry vernacular — is on its way to a fourth consecutive annual record according to Urban Science’s 2015 midyear Automotive Franchise Activity Report. The report projects that throughput will hit approximately 945 new vehicle sales per… Continue Reading

Cliff Banks - The Banks Report

NADA’s Dealer Attitude Survey – Stating the Obvious

August 24, 2015 — The National Automobile Dealers Association surveys its members twice a year on their perception of their manufacturers. The folks at NADA would prefer the results of its Dealer Attitude Survey not make its way into the media, but the enterprising reporters at Automotive News (way to go Lindsay Chappell) got their hands on… Continue Reading