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Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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SEARCHMENUSEARCHThe deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
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BURLINGTON, Vt. — Dealer.com has joined the New Bing Ads Elite SMB Partner program and expanded its relationship with the Yahoo Preferred Partner Program, the company announced this week. In order to be in the Bing Elite SMB Partner program, partners need to have proven and trusted expertise in driving growth to small- and medium-sized ... Read More »
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SCHAUMBURG, Ill. — New-vehicle registration volumes for light-duty vehicles reached the highest point in nine years, with more than 17 million new vehicles registered within the United States between Nov. 1, 2014 and Oct. 31, 2015, according to Experian Automotive. The highest number of new registration volumes on record was 17.4 million in 2006, while ... Read More »
Read More →FARMINGTON HILLS, Mich. — Ally Financial is the latest finance source to add full econtracting capabilities, including electronic contract validation, signature and distribution, through RouteOne’s indirect auto finance platform. “Econtracting provides a variety of benefits to our dealers and streamlines the transaction for the consumer,” said Tim Russi, president of auto finance at Ally. “Ally ... Read More »
Read More →European car sales rose 13.7 percent in November, according to industry data published on Tuesday, with U.S. brands recording strong gains as Volkswagen continued to pay the price of its diesel emissions test-rigging scandal, reports Reuters. Registrations rose to 1.12 million cars last month from 989,758 a year earlier, the Brussels-based Association of European Carmakers ... Read More »
Read More →The outlook for the global auto market is “not bright” next year, Hyundai Motor Group Chairman Chung Mong-koo said on Tuesday, indicating 2016 will be another challenging year for the world’s fifth-largest automaker, reports Reuters. Speaking to the heads of the automaker’s overseas units, Chung said growth this year was constrained by a weak global ... Read More »
Read More →COLUMBIA, S.C. — As of Dec. 1, F&I offices operating in the state have a new set of rules to follow when selling guaranteed asset protection (GAP). While the new law mainly clarifies what GAP is and does, it also defines when the protection can be sold. The state’s Guaranteed Asset Protection Act requires that ... Read More »
Read More →WASHINGTON, D.C. — Billed as a down payment for building a 21st century transportation system, the recently passed Fixing America’s Surface Transportation Act, or Fast Act, contains a provision that clears a key hurdle in the industry’s drive toward a fully digital transaction. Inside the 1,300-page bill President Obama signed into law on Dec. 4 ... Read More »
Read More →DETROIT, Mich. – The federal agency in charge of vehicle safety in the U.S. has leveled a $70 million civil penalty on Fiat Chrysler Automobiles for the company’s failure to report some legally required safety data, reports mlive.com. The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced the penalty Thursday. It follows FCA’s ... Read More »
Read More →DETROIT, Mich. – The insurance industry says it has made it tougher for automakers to get top safety ratings for their vehicles, but many of the car companies have apparently been able to keep up, reports mlive.com The Insurance Institute for Highway Safety on Thursday released its 2016 Top Safety Pick+ awards, and nearly 50 ... Read More »
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