David Ruggles
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  • Las Vegas
  • United States
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David Ruggles's Page

Profile Information

Advanced Concepts & Techniques
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Allied Industry
If Dealership, Franchise or Independent
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Biography/Work Summary
38 years in the auto industry including Dealer, GM. Currently involved with specialty leasing software designed to help lenders better manage their residual risk and Dealers to identify pre-owned vehicles that lease particularly well. Also engaged in helping dealers and credit unions do business in the Residual Based Financing space.

Have conducted a June seminar in Japan for the last 18 years for the world's largest privately held Toyota dealership group. Contributor to numerous auto industry magazine articles and author of the Ruggles Report, a publication focused on vehicles leasing in the context of a broad industry over view.
Favorite Quote
"Don't look back, they might be gaining on you!" Satchel Paige
Activities Away From Work
Travel, Reading, Sports, Family
September 19

David Ruggles's Blog

Henry Ford, A Documentary

Posted on January 27, 2013 at 7:31am 0 Comments


Public Broadcasting Service Premiere of 
American Experience Presents Henry Ford 
Tuesday, January 29th, 2013 9:00 – 11:00 PM on PBS…

Can an Automaker Incentive Battle Goose the Economy?

Posted on September 24, 2011 at 4:23pm 0 Comments

As the economy wallows in the doldrums, is there any cause for optimism? The outcome of the European debt crisis is still unknown, and we know how markets despise uncertainty. There are still plenty of uncertainties associated with the so called “Arab Spring” uprisings in the Middle East, and those could be with us for a while. While fuel prices have somewhat moderated, they remain high. The country’s credit rating took an unnecessary hit, although plenty of money seems to still be seeking to… Continue

The "Efficient Market" and Retail Recon!

Posted on July 9, 2009 at 7:55pm 2 Comments

I've become a true believer of the premise of the "efficient market" as it pertains to the pre-owned business. BHPH and special finance is another issue. But given the way consumers use the Internet to shop for vehicles, initial pricing is critical. Gone are the days of marking a vehicle up thousands with the idea that we'll make what we can make in the final negotiation. That strategy these days will get you a virtual zero in terms of web hits. In other words, cost plus pricing for pre-owned… Continue

I Was Wrong! But Don't Tell My Wife I Admitted It!

Posted on July 8, 2009 at 7:43pm 1 Comment

I Was Wrong! But Don't Tell My Wife I Admitted It!

by David Ruggles

I predicted that Chapter 11 bankruptcy for Chrysler and GM would cause chaos and linger for years. Well, I was right about the chaos part. Little did I know what can happen when the government is the driving force behind a Section 363 sale in a Chapter 11, and how much influence the provider of Debtor in Possession financing has - especially when they also happen to be the… Continue

Lies, Damn Lies, and Statistics!

Posted on June 4, 2009 at 12:59pm 2 Comments

As I watched the Senate hearings today on CSPAN my blood boiled. When asked about the money they would save by cutting their dealer count these guys, Henderson and Press, engaged in some serious obfuscation. They asserted that by swapping an "under performing" dealer for a "performing dealer" they would pick up the gross profit of the additional sales of the new "performing" dealer. These calculations of the difference between what they got and what they felt they were entitled to makes up the… Continue

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At 4:26pm on September 14, 2009, Joseph M. Perot said…
Feel free to call me at 918.740.4121
At 10:11pm on February 11, 2009, Mark Dubis said…
My other favorite Satchel Paige quote is, "If you didn't know how old you were, how old would you be.?"

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