BLOG: Arlena Sawyers

Mel Farr still wows Detroit

Posted 5:00 pm U.S. ET, Aug. 4
Mel Farr's dealership group comprised 11 franchises and once generated annual revenues of $596.6 million and at its peak touted Ford, Lincoln, Mercury, Toyota, Volkswagen and Mazda franchises.
Mel Farr hasn’t sold new cars in Detroit for more than a decade, but his passing this week was breaking news in the city, topping many local TV newscasts Monday night. I ran into him about a month ago for the first time in more than a decade at the National Association of Minority Automobile Dealers conference in Orlando. Besides being a former Detroit Lions footba ...
     Continue reading "Mel Farr still wows Detroit" » Aug 4, 2015 5:00 pm U.S. ET

Minority dealers association celebrates 35th year

Posted 3:31 pm U.S. ET, July 10
MIAMI BEACH, Fla. -- The National Association of Minority Automobile Dealers celebrated its 35th birthday this week here at its annual conference. Dealers -- 345 of them -- and 395 of their friends, family and associates showed up to conduct some business, pay homage to the group’s past and celebrate its future. Representatives of several manufacturers were on hand ...
     Continue reading "Minority dealers association celebrates 35th year " » Jul 10, 2015 3:31 pm U.S. ET

Bidding goodbye to Black Book's Beggs

Posted 2:34 pm U.S. ET, March 31
After 34 years at Black Book, Ricky Beggs is retiring on April 1. That such a fixture of the used-car world would retire seems like an April Fools’ joke. But it’s not; he’s really retiring. Sure, there is an army of folks at the used-car guide book crunching numbers, analyzing data and standing in auction lanes recording actual transaction prices. Witho ...
     Continue reading "Bidding goodbye to Black Book's Beggs" » Mar 31, 2015 2:34 pm U.S. ET

How will the newest metal in Detroit hold up in the used market?

Posted 2:12 pm U.S. ET, Jan. 15
DETROIT -- When analysts who examine used vehicles and establish prices for them look at an all-new or redesigned car or pickup, they study exterior styling, engine specs and technical innovations. The also weigh factors such as price, incentives, competitors and deliveries to rental fleets. The idea is to get an idea of how a vehicle’s value and consumer demand wil ...
     Continue reading "How will the newest metal in Detroit hold up in the used market?" » Jan 15, 2015 2:12 pm U.S. ET

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