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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, 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 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: 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: 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: 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

The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the...

https://www.fi-magazine.com/318677/new-cars-redesigns-improve-outlook-for-detroit-three
Categories: Auto Finance, F&I

General Motors’ acquisition of AmeriCredit Corp. was expected to close on Friday, three days after AmeriCredit’s stockholders approved the sale. The company...

https://www.fi-magazine.com/318722/gm-to-complete-acquisition-of-americredit
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: Auto Finance, F&I

GM Financial’s rollout of a prime leasing program in 16 states may seem to indicate that the company formerly known as AmeriCredit is leaving its roots...

https://www.fi-magazine.com/319032/gm-financial-not-looking-to-replace-gmac
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: 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: 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

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: 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

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

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

General Motors Co. entered into a three-year secured revolving credit facility of $11 billion.

https://www.fi-magazine.com/352945/gm-enters-into-11-billion-revolving-credit-facility
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

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: 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

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


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