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David Ruggles
  • Male
  • Las Vegas
  • United States
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Latest Activity

What gives OEMs the right to hold everyone hostage? As a consumer, it's not my problem who has what cost structure and who feels entitled to what profit margin. The market is supposed to work these things out? As a consumer you will never convince m…
yesterday
As a consumer I go to my independent shop with a Check Engine Light on. I am told the fault codes indicate a Mass Air Sensor problem. They tell me they can't do the job because I have to go to the dealer because only the dealer can "reset" things af…
on Wednesday
I was also on the call. I found it sketchy with very few details. I wonder if taxpayers knew they were contributing to a GM acquisition fund? This might have been more appropriate AFTER a succeesful IPO bought out taxpayers. I didn't hear floor pla…
July 22
With GM as the owner it is inconceivable to think they would use their resources to invest in independents. The might floor plan some non GM inventory in dualed facilities. At some point, if they have money running out of their ears, they might do m…
July 22
This is a great story and a lesson for all!
June 24
The most useful I have seen is from any DMS, but is provided by PaceCaster. http://pacecaster.com/home.php
May 28
vAuto!
May 27
Jay, I don't understand your comment about "until last year" a citizen was entitled to put his money at risk and own his/her business. Are you referring to the terminated dealers? The dealer terminations were a total abomination but it was accompli…
March 16
This was well said, although the segue into health care was questionable. While I'm not a a Big Government guy per se, there are times when government should get involved. One can always point to situations where government got involved and screwed…
March 10
I'm also trying to figure out where they got the 1.2 billion dollars to invest in GM Europe. Anyone want to hazard a guess? The following are excerpts from the Detroit News: GM's Whitacre not finished cleaning house Three months into the era of B…
March 5
I confess I plan to get in as early as possible when GM IPOs. But I will get out just as quickly and certainly "stop loss" any stock purchase. We had some interesting discussions at the Conference of Auto Remarketing the last two days. Maryann Kell…
March 5
The confusion at GM is astonishing. Lutz promotes Nesbitt to head of Cadillac. Whitacre sends him back to the design department. Lutz "Retires." Steve Girsky, while a member of the government's Auto Task Force is the instigator of the arbitrary dea…
March 4
I admit, I liked the nurses. But the shoe shine I got was over the top!
February 25
What part of the country are you in. There may a credit union you can work with. We work with a couple hundred.
February 5
Question: Is the practice of forcing the vehicle departments to pay full customer pay retail for recon and internal another type of pack? After all, we all know sales people sell from cost, right? I wonder if the Internet has had an impact on how mu…
February 1
http://www.youtube.com/watch?v=IZFQqiR7-os For anyone who is interested, this is some of what is going on.
January 26

Profile Information

Company
Advanced Concepts & Techniques
Position
President
Dealership, Allied Industry or Finance Company?
Allied Industry
If Dealership, Franchise or Independent
Franchise
Your web site
http://www.cybercalc.com
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
Birthday
September 19

David Ruggles's Blog

David Ruggles

The "Efficient Market" and Retail Recon!

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 as… Continue

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

David Ruggles

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


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 government.

I do, however, remain dead set ag… Continue

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

David Ruggles

Lies, Damn Lies, and Statistics!

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 b… Continue

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

David Ruggles

Looking Down the Road!

Harley Davidson had a 4 times larger market cap than GM, based on the stock price just before Chapter 11. Does anyone think that stock value is representative of a revitalized low cost GM in a 15 million SAAR, 15% market share, low fuel price market? There could be a good argument made that buying GM stock after they reemerge from BK could be the equivalent of buying a good company at an IPO price. No guarantees of the low fuel price, but I'd bet on the 15% market share and 15 million SAAR withi… Continue

Posted on June 2, 2009 at 3:30pm — 2 Comments

David Ruggles

Published in the Wall Street Journal with rebuttal commentary in bold face. Interesting Conspiracy Theory.

EDITORIAL & OPINIONS Beat the Dealer Is the Obama administration turning Chrysler into a patronage machine? By JAMES TARANTO / WSJ

When people talk about the problems that have driven Chrysler to bankruptcy and General Motors to the brink thereof, they usually have in mind the companies' excessive commitments to those who build their cars: the high wages, lavish benefits and irrational work rules written into union contracts. A less-discussed problem is the companies' relationship with thos… Continue

Posted on May 29, 2009 at 6:35pm — 2 Comments

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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 11:11pm 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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