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Categories: Auto Finance, F&I

General Motors’ acquisition of AmeriCredit Corp. was expected to close on Friday, three days after AmeriCredit’s stockholders approved the sale. The company...

https://www.fi-magazine.com/318722/gm-to-complete-acquisition-of-americredit
Categories: F&I

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,530 per vehicle sold in January 2011, essentially unchanged from...

https://www.fi-magazine.com/318973/edmunds-com-incentives-didnt-end-in-december
Categories: Auto Finance, F&I

GM Financial’s rollout of a prime leasing program in 16 states may seem to indicate that the company formerly known as AmeriCredit is leaving its roots...

https://www.fi-magazine.com/319032/gm-financial-not-looking-to-replace-gmac
Categories: F&I

Edmunds.com estimated that the average “True Cost of Incentives” from automotive manufacturers in the United States was $2,118 per new car sold in April...

https://www.fi-magazine.com/319160/automaker-incentives-hit-lowest-levels-since-2005
Categories: F&I

NCM Associates announced it has again been selected by General Motors as the exclusive provider of automotive 20 Groups for its Minority Dealer Development...

https://www.fi-magazine.com/319951/ncm-associates-to-provide-20-groups-for-gm-minority-dealers
Categories: F&I

The majority of manufacturers reported an increase in sales over last March, with the exception of Mazda and Hyundai. March’s SAAR stood at 15.27 million...

https://www.fi-magazine.com/320217/march-sales-pace-at-15-27-million-unit-annual-rate
Categories: F&I

GM Financial officials discuss the company’s recent acquisitions of Ally Financial’s European and Latin American business entities, as well as its entry...

https://www.fi-magazine.com/320246/gm-financial-discusses-acquisitions-new-prime-finance-product
Categories: F&I

The SAAR is up slightly vs. April of last year, and most manufacturers experienced an increase in sales during the month.

https://www.fi-magazine.com/320247/april-saar-at-14-92-million-units
Categories: F&I

Ally Financial, the National Automobile Dealers Charitable Foundation, the General Motors Foundation and Chevrolet are among those pledging support for...

https://www.fi-magazine.com/320272/auto-industry-steps-up-to-help-tornado-victims
Categories: F&I

General Motors, Mercedes-Benz and Volkswagen have committed millions of dollars to showroom makeovers and facility updates to capture market share on both...

https://www.fi-magazine.com/320278/gm-vw-others-bet-on-facility-upgrades-to-attract-customers
Categories: F&I

Year-to-date sales in May were up 7.3 percent, according to AutoData Corp., while the SAAR was up 1.36 million units from a year ago. Several manufacturers...

https://www.fi-magazine.com/320286/may-sales-up-8-2-percent-saar-at-15-31-million-units
Categories: F&I

In response to an invitation from General Motors Co., the trade organization discussed several pressing industry and dealer issues with the automaker’s...

https://www.fi-magazine.com/320396/nada-meets-with-gm-board-of-directors
Categories: F&I

Heavy farm equipment manufacturers won temporary exemption from New Hampshire’s newly amended Dealer Bill of Rights, days before it was to take effect on...

https://www.fi-magazine.com/320450/judge-partially-blocks-n-h-dealer-protection-bill-gm-drops-state-dealer-incentiv
Categories: F&I

Manufacturers attribute the drop in the SAAR to fewer selling days in September and Labor Day sales being included in August sales totals. One manufacturer...

https://www.fi-magazine.com/320465/septembers-saar-second-lowest-of-2013
Categories: F&I

General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its...

https://www.fi-magazine.com/321534/gm-announces-modifications-to-powertrain-warranty-maintenance-program
Categories: Auto Finance, Dealer Ops, F&I

GM Financial's transformation from subprime finance source to GM's captive finance company continued in the second quarter, with GM new-vehicle loans and...

https://www.fi-magazine.com/321811/gm-financials-penetration-of-gm-retail-sales-grows-globally-in-q2
Categories: F&I

Capital One, Mastercard and General Motors are extending their relationship with the launch of the new GM Card, which offers rewards consumers can use...

https://www.fi-magazine.com/320493/gm-capital-one-extend-partnership-launch-rewards-card
Categories: F&I

Toyota’s captive finance arm has been able to draw a wider range of customers through no-interest loans and low-cost leases, thanks to its automaker’s...

https://www.fi-magazine.com/320510/tfs-gives-toyota-leg-up-on-gm-ford
Categories: F&I

GM Financial reported this week a decrease of about $200 million in North American consumer loan originations for the quarter. But there’s a reason for...

https://www.fi-magazine.com/320516/gm-financial-resists-market-share-race
Categories: F&I

According to the latest monthly report from the Government Accountability Office, General Motors might not have regained its competitiveness in the market...

https://www.fi-magazine.com/320522/gao-gm-continues-to-face-challenges-with-competitiveness
Categories: F&I

Not only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four...

https://www.fi-magazine.com/320528/experian-number-of-vehicles-on-the-road-at-highest-level-since-2008
Categories: F&I

General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.

https://www.fi-magazine.com/320582/bloomberg-gm-to-sell-ally-financial-stake
Categories: F&I

Mary Barra was elected as GM’s new CEO by the company’s board of directors. She will replace Dan Akerson, who will retire on Jan. 15, 2014.

https://www.fi-magazine.com/320589/mary-barra-to-replace-retiring-akerson-as-gm-ceo
Categories: F&I

This year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between...

https://www.fi-magazine.com/320639/compliance-technology-to-headline-vehicle-finance-conference
Categories: F&I

December sales were in line with last year’s total, while annual sales increased nearly 8% to 15.6 million units.

https://www.fi-magazine.com/320655/automakers-post-big-gains-in-2013-sales
Categories: F&I

The Women’s Automotive Association International has named Maureen LaFontaine, Christina Schrank, Alison Spitzer and Liz Wetzel as recipients of the 2014...

https://www.fi-magazine.com/320682/nacs-schrank-among-2014-spirit-of-leadership-honorees
Categories: F&I

Vehicle OEMs are hopeful for a sales rebound after winter storms pushed down sales in late January. According to Autodata, both the industry SAAR and total...

https://www.fi-magazine.com/320741/carmakers-blame-sales-declines-on-bad-weather
Categories: F&I

The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.

https://www.fi-magazine.com/320854/industry-records-1-4-sales-increase-in-march
Categories: F&I

The weather cleared in time to drive up April sales by 4.1% from a year ago. April’s SAAR was 16.04 million, up from March’s SAAR but down from a year ago.

https://www.fi-magazine.com/320923/april-sales-up-4-1-autodata-reports
Categories: F&I

The industry SAAR jumped to 16.77 million units, up from last May’s 15.48 million-unit rate and last month’s 16.04 million-unit SAAR.

https://www.fi-magazine.com/320976/total-light-vehicle-sales-increase-11-4-in-may-autodata-reports
Categories: F&I

GM’s complimentary auto insurance policy from MetLife Auto&Home includes both liability and physical damage coverage for one year.

https://www.fi-magazine.com/319309/gm-offers-oregon-washington-drivers-auto-insurance-as-standard-feature
Categories: F&I

General Motors announced that it has retained the services of its former vice chair, as he will continue to work with the company on a part-time...

https://www.fi-magazine.com/319460/general-motors-retains-bob-lutz-as-advisor
Categories: F&I

General Motors announced Monday that Chris Liddell was appointed as the company’s vice chairman and chief financial officer. Liddell was most recently CFO...

https://www.fi-magazine.com/318195/gm-pulls-from-microsoft-to-fill-cfo-vacancy
Categories: F&I

Edward E. Whitacre Jr. announced today that he has agreed to continue as chairman and CEO of General Motors.

https://www.fi-magazine.com/318252/whitacre-to-remain-as-gm-chairman-and-ceo
Categories: F&I

General Motors and Spyker Cars NV confirmed Tuesday that they have reached a binding agreement on the purchase of Saab Automobile AB.

https://www.fi-magazine.com/318259/gm-reaches-agreement-to-sell-saab-to-spyker
Categories: F&I

Wednesday marked the beginning of a new chapter for one General Motors-controlled brand and the end of the line for another.

https://www.fi-magazine.com/318332/tale-of-two-brands-saab-deal-finalized-hummer-shut-down
Categories: F&I

General Motors Vice Chairman Robert A. Lutz will retire effective May 1, 2010, capping a 47-year career in the global auto industry that included senior...

https://www.fi-magazine.com/318347/gm-vice-chairman-bob-lutz-retiring-may-1
Categories: F&I

General Motors announced March 2 that it will conduct a safety recall of 1.3 million compact cars to replace a motor in the power steering system.

https://www.fi-magazine.com/318350/gm-recalls-1-3-million-cars-to-fix-steering
Categories: F&I

Congressmen Pete Hoekstra of Michigan and Steven LaTourette of Ohio have sent a strongly worded letter to General Motors Corp. Chairman Ed Whitacre and...

https://www.fi-magazine.com/318355/lawmakers-to-gm-chrysler-no-new-stores-in-disenfranchised-markets
Categories: F&I

General Motors announced last Friday that it intends to reinstate more than half of the dealers appealing the loss of their franchise agreements, a day...

https://www.fi-magazine.com/318362/gm-to-reinstate-661-dealers
Categories: F&I

Fueled by attractive incentives, U.S. automakers sold 1.07 million units in March – the best month since the federal government’s Cash for Clunkers program...

https://www.fi-magazine.com/318440/incentives-drive-24-3-percent-surge-in-march-sales
Categories: F&I

Retail auto sales continued their strong performance in April, as all domestic and foreign automakers reported increases in their sales volumes.

https://www.fi-magazine.com/318483/automakers-post-strong-april-sales
Categories: F&I

Cadillac announced on Monday that it will provide owners of all 2011 models with frequently required maintenance services for the first four years of...

https://www.fi-magazine.com/318557/cadillac-to-provide-standard-maintenance-program-on-2011-models
Categories: F&I

Month-to-month retail sales did slow down, but the picture is much brighter on a year-over-year basis, with all domestic and foreign automakers reporting...

https://www.fi-magazine.com/318587/hyundai-highlights-june-sales-report
Categories: F&I

An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to...

https://www.fi-magazine.com/318609/audit-criticizes-task-force-oems-for-dealer-terminations
Categories: Auto Finance, F&I

To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a...

https://www.fi-magazine.com/318610/gm-to-acquire-americredit
Categories: F&I

General Motors announced last Thursday that Edward E. Whitacre, Jr. will step down as chief executive officer on Sept. 1, 2010, and as chairman of the board...

https://www.fi-magazine.com/318655/whitaker-to-step-down-as-gm-ceo-in-september
Categories: Digital, F&I

Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help...

https://www.fi-magazine.com/318656/americredit-selects-wolters-kluwers-appone-platform
Categories: F&I

The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the...

https://www.fi-magazine.com/318677/new-cars-redesigns-improve-outlook-for-detroit-three
Categories: Dealer Ops, F&I

General Motors is bringing back closed sales to Manheim Arena Illinois and Manheim Pennsylvania. These sales are designed to help GM dealerships build their...

https://www.fi-magazine.com/321062/gm-brings-closed-sales-back-to-two-manheim-facilities


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