Archive for March, 2011

The Stay With the Car Myth

Friday, March 25th, 2011

We get nervous when we hear radio interviews with experts advising people to “Stay with the car, always stay with the car until help arrives.”

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Driving Dealers Off the Road Post 2

Friday, March 18th, 2011

According to the National Automobile Dealers Association (NADA), 61 percent of franchised new-vehicle dealers were maintaining some kind of Webpage in 1998-up marginally from 53 percent in 1997. NADA found, however, that dealers were selling an average of just 5.3 vehicles per month through their own sites. But many of those same dealerships are selling far more through Net referrals.

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Driving Dealers Off the Road Post 1

Wednesday, March 16th, 2011

Mike Kinnear, owner of a small car dealership in Jasper, Texas, has looked into online referral services, and has his own Website for prospective customers. But when it comes right down to it, he insists, the Internet is no way to sell cars. “Internet car buying is a fad,” he drawls. “We’ve got a Website, but as far as selling cars, it hasn’t sold the first one.”

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Market Jitters

Wednesday, March 9th, 2011

This past winter, the notoriously frugal Sanford Weill, CEO of Travelers Group, acquired another brokerage house. So how dangerous a time could it be for the stock market? Price-earnings ratios may be too high and dividend yields too low, but baby boomers will keep socking away money in their 401(k) plans, the bulls argue. And with inflation low, productivity high and labor cheap, why wimp out and worry about being trampled by runaway bulls? Bulls have the economy going for them right now.

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New Zealand

Tuesday, March 1st, 2011

From New Zealand, we do have other news. Prime Minister Helen Clark, who was on her way to the latest gathering of National Leaders Who Just Want To Get Out Of Their Countries For Awhile, came back after the events in the US. Her return trip, however, met with a snag or two when she reached Australia. At Melbourne’s airport, eyewitnesses report that her planned departure aboard an Air New Zealand flight met with a peculiar phenomenon known as Ansett-ization wherein a plane apparently emits some sort of magnetic force that causes baggage carts to cluster all around. As a result, the aircraft is rendered immoblie until experts, known as Ansett employees, enter the magnetic field and remove the baggage carts.

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