AE eMagazine

Volkswagen on Track for 10 million Vehicle Sales this Year: CEO

Germany automaker Volkswagen sold more than 7.5 million passenger cars and heavy trucks between January and September, Chief Executive Martin Winterkorn said on Wednesday at the Paris auto show, reported Reuters. Eur‎ope’s largest automaker is “well on the way” to achieving a target of 10 million vehicle sales this year, four years earlier than originally ... Read More »

Chrysler Reports U.S. Auto Sales Jump 19 Percent

Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned, reported Reuters. A Reuters survey of nine industry analysts showed expectations of a 10 percent rise to about ... Read More »

Nissan U.S. September Sales Rise 18.5 Percent

Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts’ expectations, reported Reuters. Nissan’s namesake brand showed sales were up 22 percent at 95,118 vehicles and its luxury Infiniti brand sales fell 13 percent at 7,837 vehicles. Analysts surveyed by Reuters had expected Nissan’s sales to rise 13 ... Read More »

Judge Allows Antitrust Lawsuit Against CARFAX to Proceed

MINEOLA, N.Y. — This week, A federal judge denied a motion filed by CARFAX to dismiss a $350 million antitrust lawsuit brought against the provider of vehicle history reports by more than 750 dealerships. The case, filed by Bellavia Blat on behalf of the dealers in April 2013, is being heard in the U.S. District ... Read More »

Auto/Mate Integrates DMS With MaximTrak F&I Suite

ALBANY, N.Y. — Auto/Mate Dealership Systems has integrated its dealership management system (DMS) with MaximTrak Technologies’ F&I Suite. Auto dealers using both systems may now benefit from a real-time, bi-directional exchange of information. “Our Open/Mate certification is easy, inexpensive and fast for third-party vendors, lowering costs and expanding vendor choices for dealers,” said Mike Esposito, ... Read More »

U.S. News Extends Deal With TrueCar

SANTA MONICA, Calif. – U.S. News announced a two-year extension of its deal with TrueCar to continue the company’s new car buying program. As part of their new agreement, customers will now have access to pre-owned vehicles available through TrueCar’s network of certified dealers. U.S. News and TrueCar began the program in 2011 and have ... Read More »

Ford’s sales down 3% in September

DETROIT, Mich. – Strong sales of transit vans, Fusion model and Lincoln-brand cars were not enough to offset managed F-Series volumes and planned reductions in daily rental volumes, as Ford Motor Co. reported a 3 percent decline in year-over-year U.S. sales to 180,175 units in September, reported Michigan Live. The Dearborn automaker said in a ... Read More »

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Oak Group and Total Warranty Services Form Strategic Alliance

ELMHURST, Ill. – Oak Group (Oak) and Total Warranty Services (TWS) are pleased to announce the formation of a strategic alliance. The partnership will bring together the stability, infrastructure and long-standing history of Oak’s finance and insurance business with TWS’s agility, innovation and full suite of reinsured products. Eric Peterson, Executive Vice President of Oak ... Read More »

Ford Recalls 850,000 Vehicles for Air Bag Problem

Ford is recalling 850,000 vehicles to address an electrical problem that could prevent the air bags and other safety systems from working properly in a crash, reported Detroit Free Press. The recall involves the 2013-14 Ford Fusion, Escape and C-MAX as well as the Lincoln MKZ for an issue with the restraints control module connected ... Read More »