August 15, 2008
MONTVALE, NJ – Michael (Mick) Morris has joined Mercedes-Benz USA's fleet operations as department manager.
Tags: fleet operations , MBUSA, Mercedes-Benz USA
August 1, 2008
MONTVALE, NJ – Mercedes-Benz USA today reported sales of 20,733 new vehicles for July 2008, an 11.6-percent increase over last July.
Tags: July 2008, Mercedes-Benz USA, sales increase
June 6, 2008
MONTVALE, NJ – Mercedes-Benz USA reported its highest May on record with sales of 21,785 new vehicles, a 0.1-percent increase over last May.
Tags: Mercedes-Benz USA, sales
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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