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Categories: F&I

Unsure of where this recession is headed, I can’t blame lawmakers for their involvement, but can we make sure that all sides are heard before we jump to...

https://www.fi-magazine.com/309273/time-to-move-on
Categories: Compliance, F&I

Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.

https://www.fi-magazine.com/309482/the-gift-that-keeps-on-giving
Categories: F&I

With the capital markets on the mend, special finance could be on the comeback trail, that’s if bank regulators and financial services reform don’t get in...

https://www.fi-magazine.com/309503/primed-for-a-comeback
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 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: Dealer Ops, F&I

In a verdict that took less than an hour to decide, a Houston Jury found that a General Motors ignition switch in a 2007 Saturn Sky did not cause a 2011...

https://www.fi-magazine.com/322577/jury-clears-gm-in-texas-ignition-switch-trial
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: Dealer Ops, F&I

Concerns over GM and other recalled vehicles drove shoppers to Asian and European models in June, according to data from CNW Research.

https://www.fi-magazine.com/321027/cnw-recalls-impact-used-car-sales-in-june
Categories: F&I

Total light vehicle sales in June rose 1.2% from a year ago to 1.42 million units, even with two fewer selling days on the calendar. The month’s 16.98...

https://www.fi-magazine.com/321039/june-sales-top-a-year-ago-despite-fewer-selling-days
Categories: F&I

Fifty percent of new-car shoppers think GM is a different company today compared to five years ago, while only 24% of new-car shoppers believe the ‘old’ GM...

https://www.fi-magazine.com/321087/kbb-car-shoppers-confident-in-new-gm
Categories: Dealer Ops, F&I

July sales totaled 1.435 million units, according to the firm. It put the July SAAR at 16.48 million units, up from 15.76 million in July 2013 but down from...

https://www.fi-magazine.com/321105/july-new-vehicle-sales-increase-5-in-july-autodata-reports
Categories: Dealer Ops, F&I

In August, the estimated average transaction price for light vehicles in the United States was $32,495, according to the vehicle valuation source. New-car...

https://www.fi-magazine.com/321155/new-car-transaction-prices-jump-3-in-august-kbb-reports
Categories: Dealer Ops, F&I

General Motors has announced a strategic realignment that will establish Cadillac as a separate business unit. In addition, the new Cadillac organization...

https://www.fi-magazine.com/321189/cadillac-becomes-separate-business-unit
Categories: Dealer Ops, F&I

November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year...

https://www.fi-magazine.com/321334/november-sales-pace-at-17-20-million-unit-annual-rate
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

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: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

The General Motors Board of Directors has unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore Solso, who will...

https://www.fi-magazine.com/322086/mary-barra-named-new-chairman-of-gm
Categories: F&I

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to...

https://www.fi-magazine.com/322097/2015-new-vehicle-sales-reaches-17-5-million-units
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

The regulator said the three companies agreed to settle its charges that they failed to disclose that some certified pre-owned vehicles were subject to open...

https://www.fi-magazine.com/322134/gm-jim-koons-and-lithia-settle-ftcs-complaints-regarding-cpo-claims
Categories: Dealer Ops, F&I

The automaker Factory Pre-Owned Collection portal is now live. The site, which will open up the automaker's remarketing channel to consumers, contains more...

https://www.fi-magazine.com/322156/gms-online-used-car-purchasing-site-goes-live
Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training

General Motors responded on Friday to legal concerns raised in a Feb. 8 letter from the California New Car Dealers Association. The automaker said it is not...

https://www.fi-magazine.com/322184/california-dealers-question-legality-of-gms-online-sales-portal
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on...

https://www.fi-magazine.com/322343/gm-replacing-88-of-lineup-by-2020
Categories: F&I

General Motors Co. has named Tony Francavilla as vice president of global quality, according to a company announcement. In this role, he will be responsible...

https://www.fi-magazine.com/322411/general-motors-names-new-vice-president-of-global-quality
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved...

https://www.fi-magazine.com/322438/j-d-power-initial-quality-shows-largest-improvement-in-seven-years
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Fueled by domestic brands and the sale of trucks and SUVs, the average price for a new vehicle in June increased 2% from a year to $33,652, according to...

https://www.fi-magazine.com/322457/kbb-average-transaction-price-rises-in-june
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

With 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a...

https://www.fi-magazine.com/317242/nada-chairman-says-next-two-months-are-critical-to-industry39s-future
Categories: F&I

Ford Motor Co. and General Motors introduced separate incentive programs today that promised to protect customers against job loss.

https://www.fi-magazine.com/317443/ford-and-gm-launch-payment-protection-programs
Categories: F&I

General Motors Corp. moved closer to bankruptcy today after it announced the failed deal with its bondholders to exchange their debt for equity in the company.

https://www.fi-magazine.com/317635/gm-exchange-offers-for-outstanding-public-debt-expire
Categories: F&I

General Motors today confirmed that its UAW-represented employees have ratified the modifications to the GM-UAW 2007 National Labor Agreement. The amended...

https://www.fi-magazine.com/317643/uaw-members-approve-changes-to-gm-labor-agreement
Categories: F&I

General Motors Corp. (GM)’s filing for Chapter 11 bankruptcy protection is expected to have limited immediate ratings implications on outstanding auto...

https://www.fi-magazine.com/317673/gm-bankruptcy-has-marginal-effect-on-gmac-u-s-auto-abs-says-fitch
Categories: F&I

General Motors Corp. and Penske Automotive Group confirmed last Friday a tentative deal for GM to sell its Saturn brand to the dealer group.

https://www.fi-magazine.com/317690/general-motors-penske-reach-tentative-deal-over-saturn
Categories: F&I

Edward E. Whitacre, Jr., former chairman and CEO of AT&T Inc., will become chairman of the New GM when the company is launched later this summer, GM's...

https://www.fi-magazine.com/317696/gm-names-former-att-ceo-as-new-chairman
Categories: F&I

General Motors Corp. and Koenigsegg Group AB, a consortium led by Sweden-based automaker Koenigsegg Automotive AB, today confirmed a tentative agreement for...

https://www.fi-magazine.com/317712/gm-and-swedish-automaker-reach-tentative-agreement-on-saab
Categories: F&I

The launch of a new and independent General Motors will not impact the automaker’s relationship with GMAC Financial Services, the bank holding company said...

https://www.fi-magazine.com/317767/gmac-expects-smooth-transition-for-new-gm
Categories: F&I

NCM Associates was selected by General Motors Minority Dealer Development (GM MDD) as the exclusive provider of an in-dealership consulting program designed...

https://www.fi-magazine.com/319901/gm-ncm-associates-offer-profitability-consulting-for-minority-dealers


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