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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

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: 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

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: 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: Digital, F&I

General Motors selected Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., as the exclusive provider of a fully integrated accessories solution...

https://www.fi-magazine.com/317967/gm-selects-chrome-systems-accessories-marketing-tool
Categories: F&I

Penske Automotive Group Inc. today announced that it has terminated its discussions with General Motors Company to acquire the Saturn brand, citing concerns...

https://www.fi-magazine.com/317992/penske-ends-discussions-to-acquire-saturn-from-gm
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

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: 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: 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: 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: F&I
GM Confirms Network of 4,500 Dealers

General Motors announced last week that it concluded the dealer arbitration process and that effective Nov. 1, it will have a network of about 4,500 U.S....

https://www.fi-magazine.com/318638/gm-confirms-network-of-4-500-dealers
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: 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
KBB: September’s Avg. New-Vehicle Price Up $144 From a Year Ago

New-car affordability continued to be a challenge for car buyers, with the average transaction price closing in on $35,000 in September.

https://www.fi-magazine.com/323468/kbb-septembers-avg-new-vehicle-price-up-144-from-a-year-ago
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: 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
JATO Dynamics: U.S. Vehicle Sales Recover in 2010

The new-car market in the United States experienced a gradual recovery in 2010, according JATO Dynamics, a provider of automotive intelligence.

https://www.fi-magazine.com/318948/jato-dynamics-u-s-vehicle-sales-recover-in-2010
Categories: Digital, F&I

General Motors said today that it will begin providing cash advances to cover its dealers' Cash for Clunkers rebates until they are reimbursed by the...

https://www.fi-magazine.com/317886/gm-provides-dealers-with-advances-for-cash-for-clunkers
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 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

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: Dealer Ops, F&I
Calif. Board: GM Violated State Law in Attempting to Cancel Dealer's Franchise

In an Aug. 13 ruling, the California New Motor Vehicle Board sided with Folsom Chevrolet in a case that calls into question the way General Motors and other...

https://www.fi-magazine.com/351052/calif-board-gm-violated-state-law-in-attempting-to-cancel-dealers-franchise
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: 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
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

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: Digital, F&I, Showroom
Digital Sales Are Stress-Free at Subaru of Puyallup

Two years ago, Chris Brown went looking for a way to facilitate sales, trade-ins, and financing for car buyers who prefer to shop online. Today, his...

https://www.fi-magazine.com/356746/digital-sales-are-stress-free-at-subaru-of-puyallup
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: 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: 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
Hyundai, Acura Take Top Honors in KBB’s ‘5-Year Cost to Own’ Awards

The firm named Hyundai as the brand with the lowest cost to own and Acura as the lowest cost luxury brand. Top vehicles were selected in 22 categories.

https://www.fi-magazine.com/323713/hyundai-acura-take-top-honors-in-kbbs-5-year-cost-to-own-awards
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

After its deal with Penske Automotive Group Inc. collapsed, General Motors announced late Wednesday that it will begin winding down the Saturn brand and its...

https://www.fi-magazine.com/317999/gm-to-close-saturn-after-penske-deal-collapses
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

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

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
Bush Book Defends Auto Bailout, Criticizes Detroit Three

Two years after leaving office, former President George W. Bush remains a harsh critic of the executives he believes led the U.S. auto industry down the...

https://www.fi-magazine.com/318810/bush-book-defends-auto-bailout-criticizes-detroit-three
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: Auto Finance, F&I
Dealer Floorplan ABS Resilient Despite Recession and Automaker Bankruptcies

Auto dealer floorplan asset-backed securities (ABS) continue to perform and remain resilient despite the recession and the bankruptcies of two domestic...

https://www.fi-magazine.com/317986/dealer-floorplan-abs-resilient-despite-recession-and-automaker-bankruptcies
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 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

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

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

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 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

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: 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

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


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