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DALLAS, Texas — The National Independent Automobile Dealers Association (NIADA) and EFG Companies have announced a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. Independent auto dealers operate in a highly fragmented F&I product market where there is an abundance of products, but a lack of relevant and consistent dealership ... Read More »
Read More →Looking at December used-vehicle sales, CNW Research noted that a growing percentage of shoppers are searching for vehicles outside of their local market. The research firm also noted that shoppers motivated by online advertising outpaced print newspapers for the first time. Compared to November, 23% more buyers in December went to neighboring areas to make ... Read More »
Read More →DETROIT – Sales of new vehicles in the U.S. last year grew by 6 percent to 16,522,000 units, according to AutoData Corp., marking the highest rate since 2006, reported MLive. For the Detroit Three, sales rose for both General Motors, which sold more vehicles in the U.S. than any other automaker in 2014, and for ... Read More »
Read More →Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ global expansion plans, narrowly met its goal of selling one million vehicles in 2014, the Jeep brand chief said on Tuesday, reported Reuters. Jeep’s worldwide sales were 1,017,019 last year, up 39 percent from 2013 and a record for the brand. Sales rose 41 ... Read More »
Read More →BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes, reported Reuters. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. The BMW ... Read More »
Read More →Scottsdale, AZ — This year, CNA National Warranty Corporation (CNAN) is celebrating 20 years as the longest-serving Affinity Partner with the American International Automobile Dealers Association (AIADA). CNAN provides dealer members with F&I products tailored to individual dealerships, along with products and services to improve F&I profits and CSI scores. By combining a comprehensive menu ... Read More »
Read More →General Motors Co began the new year by announcing three new vehicle recalls on Thursday, as the ignition switch crisis continued to dog the automaker after millions of vehicles were recalled in 2014, reported Reuters. No crashes or injuries were reported in the latest round of recalls involving 83,572 sport-utility vehicles and pickup trucks. GM ... Read More »
Read More →Hyundai Motor Co and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years, reported Reuters. Hyundai-Kia, together the global No.5 automaker, have seen their sales growth slow since ... Read More »
Read More →DETROIT – General Motors Co. says it has completed the planned $3.9 billion purchase of 156.1 million shares of preferred stock, reported MLive. The Detroit-based automaker sold cheaper debt to pay for the purchase. GM spokesman Tom Henderson said Wednesday that the deal improves the company’s cost structure.GM has now redeemed all Series A preferred ... Read More »
Read More →BOSTON — Massachusetts Attorney General Martha Coakley has subpoenaed Santander Consumer USA, requiring that the finance source produce documents related to its subprime auto lending business. The AG is also questioning a handful of other auto lenders, which she declined to name, the Boston Globe reports. Earlier in December, Santander and six other auto lenders ... Read More »
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