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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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The National Automobile Dealers Association Monday reaffirmed its outlook for U.S. auto industry sales to rise 3.1 percent to 16.94 million this year, despite slightly negative gross domestic product impact early this year because of bad weather and West coast port strikes, reported The Detroit News. NADA Chief Economist Steven Szakaly, in a call with ... Read More »
Read More →Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker’s manufacturing base as it pursues a global comeback under Chinese ownership, reported Reuters. Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief ... Read More »
Read More →NEW YORK — Ford CEO Mark Fields said the Dearborn automaker has no plans to move its Lincoln luxury brand to New York after its domestic rival made the move, reported The Detroit News. He added that the company is committed to the revival of Lincoln. General Motors Co. in September announced it was moving ... Read More »
Read More →LOS ANGELES — Westlake Financial Services has selected its top regional auctions for 2014. While attending approximately 45 auctions each month in more than 20 states, Westlake ranks its auctions nationwide based on sales effectiveness and service quality measures. Top performing auctions include: Western Region: ADESA Phoenix (Phoenix, Ariz.) Midwestern Region: Kansas City Independent Auto ... Read More »
Read More →WASHINGTON, D.C. — U.S. Senator David Perdue (R-Ga.) introduced an amendment to the Senate’s 2015 Budget Resolution last week that would give Congress oversight of the Consumer Financial Protection Bureau (CFPB). Currently, the CFPB operates under the Federal Reserve, but the amendment proposed by Perdue on March 19 would ensure that the bureau is subject ... Read More »
Read More →WASHINGTON, D.C. ─ Calling its Operation Ruse Control, the Federal Trade Commission joined 32 law enforcement agencies in announcing a nationwide and cross-board crackdown on deceptive advertising and fraud in auto sales, financing and leasing. The operation, which encompassed 252 enforcement agencies, resulted in six new FTC cases and $2.6 million in monetary judgments. The ... Read More »
Read More →NAPLES, Fla. – SMART Payment Plan announces the appointment of Jackson Bigham as its Chief Compliance Officer. Jackson will be responsible for managing SMART’s state and federal regulatory compliance, regulatory reporting, and all legal and compliance activities. “Jackson’s role at SMART will fully utilize his deep understanding and experience in complex compliance and consumer protection ... Read More »
Read More →STRONGSVILLE, Ohio – National Automotive Experts/NWAN is proud to welcome Gabriella Roberts to their executive management team as the Vice President of Operations. Gabriella Roberts joined the NAE/NWAN team as the Vice President of Operations this month. Prior to joining NAE, Roberts worked as a Senior Vice President for Warrantech (an AmTrust Financial Company). Previously, ... Read More »
Read More →ST. LOUIS, Mo. – Wise F&I LLC, a leading finance and insurance automotive product provider, integrated with The Impact Group’s Fusion Menu, an F&I menu presentation software. The integration with Fusion allows for Wise F&I products to be sold through a customizable low pressure sales presentation. Fusion helps ensure compliance while still delivering product information ... Read More »
Read More →CINCINNATI ─ Swapalease.com released today finding of survey that questioned more than 2,500 U.S. drivers and car shoppers about the future of automotive trends. Among the study’s findings, the vast majority of car shoppers are not excited about car-sharing services or autonomous driving. The online survey, conducted between Feb. 20 and March 15, also showed ... Read More »
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