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Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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SEARCHMENUSEARCHA collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
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Norfolk, VA – Dominion DMS, a division of Dominion Dealer Solutions, announced today that their ACCESS® Dealer Management System has completed its integration with F&I Express’ aftermarket data solution. This new collaboration streamlines the F&I process, providing time savings to automotive dealership customers nationwide through DominionACCESS DMS. “F&I Express’ eContracting for aftermarket products completes the ... Read More »
Read More →WASHINGTON – U.S. News & World Report has announced its 2016 list of Best Cars for Families. The organization evaluated the safety and reliability rating, reviews, high-tech features, and cargo space of 256 vehicles and announced winners in 21 different categories. Mercedes-Benz and Honda brands each earned four awards, the most won by individual brands. ... Read More »
Read More →TYSONS, Va. – This week’s departure of Volkswagen of America’s President and CEO Michael Horn is a significant blow to the VW dealer network, which has been operating in crisis mode for more than six months. What’s most regrettable about Mr. Horn’s departure is that it leaves more questions than answers for the 652 Volkswagen ... Read More »
Read More →ATLANTA – Cox Automotive named Shirley Powell as its vice president of communications and community relations. She will lead and manage day-to-day operations of the company’s global communications organization, according to F&I and Showroom magazine. Powell has more than 25 years of experience in strategic communications and most recently served as executive vice president and ... Read More »
Read More →LAWRENCEVILLE, Ga. — According to Black Book data, the average price of a used vehicle for model years 2010-2014 declined 1.1% during February, with cars declining 1.1% and trucks falling 1.2%. Full-size pickups led all vehicle segments with the highest depreciation for the month at 2.7%. Vehicles in this segment include Chevrolet Silverado, Dodge Ram ... Read More »
Read More →SCHAUMBURG, Ill. — The average amount financed and the average monthly payment for new vehicles financed during 2015’s end-of-year quarter rose to record levels, according to Experian Automotive. But those weren’t the only records set during the period. The credit reporting agency reported today that the average amount financed for a new vehicle in the ... Read More »
Read More →BLOOMINGTON, Ill. — The Federal Reserve’s recent interest rate hike and a rocky start to the year in global financial markets is hurting consumer confidence, according to a new survey. It showed that, on average, American believe there is a 36% chance the U.S. economy will fall into a recession this year. The COUNTRY Financial ... Read More »
Read More →BROOMFIELD, Colo. — DealersLink announced it is finalizing full implementation of its automotive solutions into several dealer groups, including Rob Green Auto Group, Butler Automotive Group, Haselwood Auto Group, Dave Smith Auto Group, and Strong Auto Group. DealersLink officials said the company’s line of automotive solutions should be especially attractive to small and mid-sized automotive groups ... Read More »
Read More →HARTFORD, Conn. — The Connecticut Automotive Retailers Association, along with General Motors and Alliance Auto Manufacturers, held a joint press conference on Tuesday to speak out against proposed legislation that would allow electric carmakers to circumvent state franchise laws and sell directly to consumers. A public hearing was scheduled for today to discuss Senate Bill 3, ... Read More »
Read More →IRVINE, Calif. — The estimated average transaction price for a new car reached $33,781 in February, a 2.2% increase from the prior year, according to Kelley Blue Book. The vehicle information site attributed the rise to low gas prices pushing more consumers toward more expensive pickup trucks, and vehicle OEMs are responding by increasing incentives ... Read More »
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