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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: 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

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: 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: 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, 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

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, 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: 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

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

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

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

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

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

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

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

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

General Motors Co. confirmed today it has signed a stock purchase agreement with Swedish automaker Koenigsegg Group AB regarding the sale of Saab Automobile AB.

https://www.fi-magazine.com/317873/gm-sells-saab-to-swedish-automaker
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 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: 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: 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

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

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: 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

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

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

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: 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

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

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

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

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

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: Dealer Ops, F&I

General Motors plans to roll out its Shop-Click-Drive program to all of its dealers by the end of the year. The voluntary program allows dealership...

https://www.fi-magazine.com/320478/gm-to-allow-consumers-to-buy-cars-online
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: F&I

eBay Motors and General Motors Company extended the availability of its Website, gm.ebay.com, until Sept. 30, giving consumers more opportunity to purchase...

https://www.fi-magazine.com/317923/gm-and-ebay-motors-website-available-through-september
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

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

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: 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
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

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: 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

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
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: 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

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: 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: Auto Finance, Compliance, Digital, F&I
Industry Reacts to GM's Disclosure Policy

General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the...

https://www.fi-magazine.com/311058/industry-reacts-to-gms-disclosure-policy


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