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Categories: Compliance, Industry, Showroom
Chrysler Dealers to Appeal Claims Court Loss

An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could...

https://www.agent-entrepreneur.com/359474/chrysler-dealers-to-appeal-claims-court-loss
Categories: Dealer Ops, Industry, Showroom
October Sales: SAAR Could Hit 17M for 5th Straight Year

The latest report shows U.S. new car dealers are on pace for yet another 17 million-unit year, led by gains at Japanese and Korean factories, increased...

https://www.agent-entrepreneur.com/359344/october-sales-saar-could-hit-17m-for-5th-straight-year
Categories: Dealer Ops, Industry, Showroom
FCA, PSA Reach Tentative Merger Deal

Fiat Chrysler and PSA Group have agreed to join forces to create the world’s No. 4 automaker in a $48 billion deal designed to save the factories billions...

https://www.agent-entrepreneur.com/359317/fca-psa-reach-tentative-merger-deal
Categories: Auto Finance, Dealer Ops, Industry
Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in...

https://www.agent-entrepreneur.com/359319/fed-triggers-third-interest-rate-cut-of-2019
Categories: Dealer Ops, Industry, Showroom
Report: FCA and PSA in Merger Talks

Bloomberg reports Fiat Chrysler and PSA Group, which includes the Peugeot, Opel, and Citroen brands, could announce a merger as soon as this week, a deal...

https://www.agent-entrepreneur.com/359277/report-fca-and-psa-in-merger-talks
Categories: Compliance, Fixed Ops, Industry, Showroom
Recall Sweep Targets AutoNation Dealerships

The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is...

https://www.agent-entrepreneur.com/359096/recall-sweep-targets-autonation-dealerships
Categories: Compliance, Dealer Ops, Fixed Ops, Industry, Showroom
Calif. Dealers Get Warranty Rate Hike, 10-Year Upgrade Intervals, CCPA Exemption

California Gov. Gavin Newsom has signed AB 179, enacting new dealer protections against below-market warranty reimbursement rates and OEM-ordered facility...

https://www.agent-entrepreneur.com/359061/calif-dealers-get-warranty-rate-hike-10-year-upgrade-intervals-ccpa-exemption
Categories: Compliance, Dealer Ops, Industry, Showroom
Sources: Tesla Wants Back in Dealership Game, Seeks Loophole

Electrek reports Tesla CEO Elon Musk wants to open ‘Tesla Centers’ around the U.S., once again challenging rules against direct-to-consumer sales. Sources...

https://www.agent-entrepreneur.com/359045/sources-tesla-wants-back-in-dealership-game-seeks-loophole
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Detroit, Japan Factories Suffer in Short September Sales Report

U.S. sales of new cars and light trucks fell 12% year-over-year in September, suppressed in part by a Labor Day weekend allotted to August. Few were spared...

https://www.agent-entrepreneur.com/358845/detroit-japan-factories-suffer-in-short-september-sales-report
Categories: Auto Finance, Dealer Ops, F&I, Industry, Showroom
Fed Cuts Interest Rates Again, Stock Market Responds

Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this...

https://www.agent-entrepreneur.com/358304/fed-cuts-interest-rate-again-stock-market-responds


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