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WESTLAKE VILLAGE, Calif. — January new-vehicle sales are expected to reach levels not seen since 2004, according to a sales forecast from J.D. Power and LMC Automotive. The two firms expect sales for the month to reach 932,000 units, an 8.5% increase over January 2014. The total retail SAAR in January is expected to reach ... Read More »
Read More →SAN FRANCISCO — The National Automobile Dealers Association (NADA) issued a new publication last week — the first day of its annual convention — designed to assist new-car dealers in complying with federal advertising requirements on the sale, financing and leasing of automotive products and services. “A Dealer Guide to Federal Advertising Requirements” was released ... Read More »
Read More →SAN FRANCISCO — At the NADA Convention and Expo, RouteOne announced that it more than doubled the amount of econtracts processed in 2014 to 1.55 million contracts. The technology firm attributed the growth to widespread adoption by more than 4,600 dealers and increased finance source participation. “Early last year we announced a 2014 goal to ... Read More »
Read More →LAKE SUCCESS, N.Y. — At the 2015 National Automotive Dealers Association (NADA 2015) Convention & Exposition in San Francisco last week, Dealertrack showcased its latest connected technologies and services that are driving today’s online to in-store convergence in automotive retailing. “2015 is going to be an exciting year for the automotive retail industry,” said Raj ... Read More »
Read More →SAN FRANCISCO – The fate of the country rests on moving government out of the way of business so “the promise of fair and free opportunity returns to America,” former Florida Gov. Jeb Bush told a capacity crowd at the National Automobile Dealers Association Convention & Expo on January 23. And while the audience of ... Read More »
Read More →SAN FRANCISCO – In his first keynote address as chairman of the National Automobile Dealers Association, Bill Fox delivered a message to critics of the franchised dealer network, according to NADA. “The automotive franchise system is the best and most efficient method of bringing new vehicles to the driving public,” Fox said today in remarks ... Read More »
Read More →ANAHEIM, Calif. —At NADA 2015, The Next Up launched a geo-fencing product, LiveDrive, to help managers better determine test drive success based on route, time spent and speed, among other factors. LiveDrive will now be offered as a standard feature within The Next Up solution. Built within The Next Up App, as soon as the ... Read More »
Read More →IRVINE, Calif. — In a regulatory filing posted last week, Consumer Portfolio Services revealed that the U.S. Department of Justice has subpoenaed the finance source, requesting documents related to its subprime auto finance practices and related securitization activities. CPS received the subpoena on Jan. 14, according to the Securities and Exchange Commission filing. “Other purchasers ... Read More »
Read More →WASHINGTON D.C. — Cadillac will be implementing what it’s calling a luxury focused, boutique experience at 700 of its 900 dealer stores. These locations will support the company’s 200 flagship, stand-alone dealerships, according to Cadillac. The dealership upgrades will be aimed at improving customer satisfaction performance and dealer compensation. Outlining the plan at the Washington ... Read More »
Read More →The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch has risen to 50, reported MLive. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars that has led to a massive recall and a ... Read More »
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