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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

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
GM Selects Hill as Vice President of U.S. Sales, Service

General Motors has selected Steve Hill to succeed Alan Batey as vice president of U.S. sales and service. The company also announced that Tim Turvey will...

https://www.fi-magazine.com/320679/gm-selects-hill-as-vice-president-of-u-s-sales-service
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

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

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

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
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 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, F&I
Rebuilding Floorplan Financing

Despite signs of retail financing beginning to loosen up, dealer financing remains a major concern. It’s one of the reasons why the NADA is stepping up...

https://www.fi-magazine.com/309464/rebuilding-floorplan-financing
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
GM Testing Facebook Advertising

After pulling a reported $10 million annual ad spend with Facebook last May, General Motors is back on the social media site. This time, the automaker is...

https://www.fi-magazine.com/353237/gm-testing-facebook-advertising
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

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

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: Auto Finance, Compliance, Digital, F&I
Perfect Storm

Industry Summit’s executive panel convened to discuss and debate the effects of Hurricane Harvey, the status of the used-car and subprime markets, the GM...

https://www.fi-magazine.com/311087/perfect-storm
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: 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, Dealer Ops, Digital, F&I, Fixed Ops, Showroom, Training
GM to Launch Online Shopping Portal for Low-Mileage Used Cars

General Motors' decision to open up its remarketing channel to consumers through an online car-buying portal may give dealers pause, but officials said the...

https://www.fi-magazine.com/322106/gm-to-launch-online-shopping-portal-for-low-mileage-used-cars
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: 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: 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: 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: Dealer Ops, Digital, F&I

Chevrolet-Buick-GMC and Cadillac Protection is now onboarding and training GM’s U.S. dealers on MaximTrak’s Digital F&I Retailing Suite, which consists of...

https://www.fi-magazine.com/323353/gms-protection-coverage-group-selects-maximtraks-digital-fi-solutions
Categories: Compliance, Dealer Ops, F&I
Attorneys to Tackle GM Product Policy at PALS 2017

In a surprise addition to the P&A Leadership Summit agenda, Matthew Bartle and David Marcus of Bartle & Marcus LLC will address General Motors’ recent...

https://www.fi-magazine.com/323397/attorneys-to-tackle-gm-product-policy-at-pals-2017


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