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Categories: Auto Finance, F&I

Total light vehicle sales were up 10.3 percent from a year ago and 14.9 percent vs. March, according to AutoData, which put the seasonally adjusted annual...

https://www.fi-magazine.com/352495/april-a-mixed-bag-saar-at-14-42-million-units
Categories: F&I

Despite the annual sales rate dipping from 14.42 million in April to 13.78 million, May retail sales were 25.7 percent higher than May 2011, according to...

https://www.fi-magazine.com/352570/saar-dips-in-may-despite-25-7-percent-sales-increase
Categories: F&I

The vehicle information site expects significant sales gains for Honda and Toyota, which are benefiting from increased inventory levels compared to 2011.

https://www.fi-magazine.com/352622/kbb-puts-june-sales-pace-at-13-9-million-units
Categories: F&I

Government watchdog to testify today about the need for the Obama administration to come up with a plan to sell the government's stake in General Motors and...

https://www.fi-magazine.com/352658/government-watchdog-calls-for-gm-ally-exit-plan
Categories: F&I

Five of the company’s marketing programs for sales and service are now eligible for iMR sales matching funds and/or parts advertising funds.

https://www.fi-magazine.com/352692/dmeautomotive-gains-gms-plus-ups-certification
Categories: F&I

The executive responsible for dropping Facebook from the automaker’s ad budget departs after two years as head of GM’s marketing team.

https://www.fi-magazine.com/352703/gms-chief-marketing-exec-resigns
Categories: F&I

General Motors is powering up sales of its Chevy Volt through low-interest financing and subvented leases. Black Book’s Ricky Beggs says the move should...

https://www.fi-magazine.com/352840/volt-lease-offer-will-pay-off-black-book-predicts
Categories: F&I

The annual sales rate reached its highest level this year in September, with Volkswagen realizing its best month in 40 years.

https://www.fi-magazine.com/352862/saar-reaches-14-94-million-in-september-autodata-reports
Categories: F&I

Several manufacturers are helping victims of Hurricane Sandy with special discounts on vehicles and by donating to the American Red Cross.

https://www.fi-magazine.com/352941/manufacturers-step-up-to-help-hurricane-sandy-victims
Categories: F&I

Hurricane Sandy impacts Nissan and Hyundai sales, but the industry’s seasonally adjusted annual rate remained above 14 million for the ninth consecutive month.

https://www.fi-magazine.com/352943/new-vehicle-sales-up-13-8-percent-through-october
Categories: F&I

Two automakers have already sold more vehicles through the first 11 months of 2012 than all of last year, while several others recorded new sales records...

https://www.fi-magazine.com/353000/november-saar-highest-since-february-2008
Categories: F&I

General Motors certifies Digital Air Strike’s reputation management solution, which will be made available to the carmaker’s Standards for Excellence dealers.

https://www.fi-magazine.com/353010/gm-adds-digital-air-strike-as-certified-partner
Categories: F&I

General Motors and FIAT made the cut in Forbes’ recent list of ‘12 Stocks to Buy in 2013.’ The publication spoke with 12 top advisors to get their...

https://www.fi-magazine.com/353014/emforbes-em-top-advisors-recommend-buying-gm-fiat-stock-in-2013
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: F&I

The U.S. Department of the Treasury will remove itself from GM investments within 12-15 months by selling off its 500 million shares of common stock — 200...

https://www.fi-magazine.com/353040/treasury-to-exit-gm-investment-in-12-15-months
Categories: F&I

General Motors sues Iowa dealer for damages and injunctive relief for falsely reporting sales and allegedly transferring vehicles that resulted in GM...

https://www.fi-magazine.com/353113/gm-sues-iowa-dealer-for-false-reporting
Categories: F&I

January's SAAR came in at 15.29 million units, Autodata reported this week. That’s up from last January’s SAAR of 13.98 million.

https://www.fi-magazine.com/353129/january-sales-pace-at-15-29-million-annual-rate
Categories: F&I

The South Carolina-based auto auction was named Auction of the Year by GM Financial for the fourth time.

https://www.fi-magazine.com/353178/gm-financial-names-rawls-auto-auction-2012-auction-of-the-year
Categories: F&I

Just barely the majority of manufacturers saw an increase in sales in February over last year, with Mercedes-Benz and Hyundai breaking sales records for the...

https://www.fi-magazine.com/353184/february-sets-up-15-38-million-unit-saar
Categories: Dealer Ops, F&I

The new extended ‘bumper-to-bumper’ warranty isn’t designed to act like a dealer-offered service contract. Repairs can be completed without filing a claim...

https://www.fi-magazine.com/350960/gm-rolls-out-optional-extended-warranty
Categories: F&I

A bill is making its way through the Colorado state legislature that aims to protect dealerships terminated by GM and Chrysler, the Associated Press...

https://www.fi-magazine.com/352313/colorado-legislature-considering-bill-to-protect-terminated-dealers
Categories: F&I

Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending...

https://www.fi-magazine.com/352327/road-to-recovery-began-in-2010-but-concerns-remain
Categories: Auto Finance, F&I

General Motors Co. and Wells Fargo & Co. announced a long-term partnership to offer financing to Chevrolet, Buick, GMC and Cadillac dealers and retail...

https://www.fi-magazine.com/319973/gm-wells-fargo-launch-auto-finance-partnership
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

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: Auto Finance, F&I

Through a recent partnership, AmeriCredit will provide auto financing to General Motors Co.’s subprime customers.

https://www.fi-magazine.com/318028/americredit-to-finance-gms-subprime-customers
Categories: Auto Finance, F&I

According to a recent report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the...

https://www.fi-magazine.com/318158/every-gm-vehicle-sold-costs-taxpayers-12-200
Categories: F&I

Despite General Motors and Chrysler announcing comprehensive plans to resolve concerns by dealers who were cut or are winding down, the National Automobile...

https://www.fi-magazine.com/318167/legislative-effort-moves-forward-despite-promises-from-gm-and-chrysler-to-addres
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


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