This Week at Columbus Fair Auto Auction 
If you can't attend in person, BUY ONLINE! All sale lanes available to you . Please give me a call at 614-497-5464 to register for Online Ringman.
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Steve Micotto-Columbus Fair Auto Auction
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James Mitchell
GM to Sell Chevy Volt for $41,000; Lease Terms Close to Leaf’s
By David WelchGeneral Motors Co., the largest U.S. automaker, will sell its Chevrolet Volt for a starting price of $41,000 and lease terms similar to those on Nissan Motor Co.’s Leaf electric car.
The Volt will be leased for $350 a month with a $2,500 down payment, Detroit-based GM said today in a statement. Lessees for the Leaf pay $1 less a month and are required to put down $1,999.
The Volt will sell for a premium over the all-electric Leaf, which is scheduled to go on sale in November for $32,780. The Volt’s lease price and longer driving range on a single charge and tank of gasoline will make it a better choice for most drivers, Joel Ewanick, GM’s vice president of U.S. marketing, said today.
“They’re looking for transportation that will give them no anxiety,” Ewanick said on a conference call. “We’re positioning this as a car first and electric second.”
The Volt’s price includes the $720 freight charge. Tony DiSalle, director of product marketing for the Volt, said GM can offer a lower lease rate than Nissan’s Leaf because the company will have a better resale value than its rival car.
The Volt can travel 340 miles on a tank of fuel, with the first 40 in electric drive before a gasoline engine starts to recharge the battery. The Leaf uses no fuel and can travel about 100 miles on a charge.
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Columbus Fair Auto Auction
Hyundai Factory Open Sale at Columbus Fair Auto Auction (open to all dealers) Wednesday July 28th 105 units @ 9:00 A.M. in Lane 4
Early Bird Drawing for a $100.00 Walmart Gift Card. In the Lane Giveaway.... Receive $100.00 Walmart Gift Card (Per unit) When you purchase any: 2010 Sonata or 2009 Accent (88 Units Available) Internet will be included check will be sent sent to the dealership in place of a gift card. After the sale one lucky Hyundai buyer will receive the Richard Petty Driving Experience of a lifetime . If you can't attend in person BUY ONLINE! to register contact Steve Micotto at 614 497-5464 .
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James Mitchell
JD Power Expects Sales Rebound After wea…
JD Power Expects Sales Rebound
After weaker sales in May and June, new-vehicle retail sales are expected to bounce back in July as a result of a combination of positive factors, according to J.D. Power and Associates.
July new-vehicle retail sales are expected to come in at 928,000 units, which represents a seasonally adjusted annualized rate (SAAR) of 9.4 million units. July’s selling rate is expected to increase considerably from June’s selling rate of 8.4 million units. While July’s selling rate is also up from 8.9 million units in July 2009, year-over-year comparisons are not as relevant due to distortion from the CARS program in 2009. Retail transactions are the most accurate measurement of true underlying consumer demand for new vehicles.
While fleet sales in the month of July are typically low, fleet sales this month are expected to increase from the extremely low levels in July 2009. As a result, total light-vehicle sales for July are expected to return to levels above 1 million units.
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James Mitchell
DON’T MISS THIS OPPORTUNITY TO SAVE ON YOUR OHIO WORKERS COMPENSATION PREMIUM
Join other OIADA Members who are already participating to control and reduce the workers compensation premium.
Click here for a free, no obligation quote today and save.
http://resources.compmgt.com/AC3/GroupRating.aspx?Organization=OIADA
You may also contact CompManagement, our group plan administrator, today 800-825-6755 select option 3 and speak to one of our member representatives.
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L.J. Marhefka
KBB: More Consumers Turn to Used Units, Plan to Pay with Cash
IRVINE, Calif. — New research from the Kelley Blue Book Market Intelligence Group revealed today that more vehicle buyers are apparently turning to used units, as well as tending to pay in cash rather than financing their purchases.
The study findings showed some startling vehicle buyer sentiment about potential purchasing and financing plans.
Stemming from what analysts believe to be unsteady economic conditions, the survey determined most in-market shoppers are planning to spend a relatively small amount of money on their next vehicle purchase. Additionally, KBB found these same consumers are more likely to buy a used vehicle versus a new unit.
Furthermore and most relevant to auto finance companies, more than one-third of in-market vehicle shoppers involved in the survey say they plan to pay the entire cost of their next vehicle purchase in cash, and they are not influenced by incentive offers.
KBB indicated 74 percent of the individuals surveyed plan to purchase a vehicle within the next six months. Of that cluster, more consumers emphasized they are in the market for a used vehicle (67 percent) rather than a new one (33 percent).
Again, returning to what could pique the interest of finance companies, KBB found that 42 percent of used-vehicle shoppers and 20 percent of new-vehicle shoppers said they plan to pay the entire cost of their next vehicle in cash. …Read More
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Steve Micotto-Columbus Fair Auto Auction
This Week at Columbus Fair Auto Auction
Wow what a week! Buying or Selling the place to be in the lane or online the Columbus Fair Auto Auction. Proudly Celebrating 51 Years as an Independently Owned Auction. Join us every Wednesday!
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James Mitchell
Ford posts another quarterly profit as sales climb.
By DEE-ANN DURBIN and TOM KRISHER, AP Auto Writers Dee-ann Durbin And Tom Krisher, Ap Auto Writers
DEARBORN, Mich. – Ford Motor Co. posted a strong second-quarter profit Friday, but trimmed its U.S. sales forecast and predicted weaker results in the second half as the economy slowly recovers.
The Dearborn-based automaker surprised Wall Street, making $2.6 billion in the quarter as it continued to grab sales from rivals. Ford’s U.S. sales rose 28 percent in the first six months of this year. That’s almost double the pace of industrywide sales. -
James Mitchell
Meaning of Flag Draped Coffin To underst…
Meaning of Flag Draped Coffin
To understand what the flag draped coffin really means … Here is how to understand the flag that laid upon it and is surrendered to so many widows and widowers.
Do you know that at military funerals, the 21-gun salute stands for the sum of the numbers in the year 1776?
Have you ever noticed the honor guard pays meticulous attention to correctly folding the United States of America Flag 13 times? You probably thought it was to symbolize the original 13 colonies, but we learn something new every day! (More …)
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Keith Whann
What Makes An Ad Deceptive?
Wondering if someone might fine one of your Ads unfair or deceptive?
Ask yourself the following, its what the FTC would consider:
1. Is it likely to mislead consumers acting reasonably under the circumstances.
2. Does it omit ”material” information to a consumer’s decision to buy or use the product.
3. Does it cause or is it likely to cause substantial consumer injury.
If your answer is yes to any of the 3 questions, you have a bad ad!
