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Newsby AE eMagazineFebruary 3, 2015

IHS Forecasts 88.6 Million Global Light-Vehicle Sales in 2015

SOUTHFIELD, Mich. — With 2015 off to a good start, IHS Automotive, part of IHS Inc., forecasts global automotive sales for 2015 to reach 88.6 million, an increase of 2.4% over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in ... Read More »

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Newsby AE eMagazineFebruary 3, 2015

CNW: January Used-Vehicle Sales Total 2.38 Million Units

BANDON, Ore. — CNW Research reported this week that January used-vehicle sales rose 2% from a year ago to 2.38 million, with franchised dealers realizing the biggest sales increase. Compared to a year ago, used-vehicle sales for franchised dealers rose 4.63%, while sales for independent dealers slipped 1.86%. Private sales were up 3.42% from a ... Read More »

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Newsby AE eMagazineFebruary 3, 2015

Mercedes-Benz, BMW See Boost from Super Bowl Ads, Edmunds Reports

SANTA MONICA, Calif. — Mercedes-Benz and BMW saw the most significant traffic spikes on Edmunds.com after ads from the two companies ran during the Super Bowl, according to a real-time analysis from Edmunds.com. Mercedes-Benz AMG GT saw the biggest cumulative spike in traffic during the game, with a 2,189% jump over average Sunday numbers on ... Read More »

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Newsby AE eMagazineFebruary 3, 2015

GM Gets Deadline Flurry of Compensation Claims

The Jan. 31 deadline for claims to General Motors’ victim compensation fund spurred a flurry of 1,100 new filings, reported The Detroit Bureau. The rush brought the total number of filings to 4,180, including 455 death benefits: an increase from 338 the week prior. Claims for the most severe injuries rose to 278, up from ... Read More »

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Newsby AE eMagazineFebruary 3, 2015

IDDS Vice President Max Zanan Earns AFIP Certification

COLLEYVILLE, TEXAS – Max Zanan, co-owner and vice president of IDDS, passed the AFIP certification exam in January. IDDS, based in New York City, provides F&I products, training and consulting services to automotive dealers in New York and Florida. Zanan has 14 years of experience in F&I. He rose through the dealership ranks to serve ... Read More »

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Newsby AE eMagazineJanuary 28, 2015

Alpha Warranty Services Facility Expansion Complete

Alpha Warranty Services is proud to announce the completion of their expansion at their corporate headquarters in Riverton, Utah. The expansion to the Riverton office will encompass 16,000 square feet and is centered on a 1.5 acre lot. The new office expansion includes a two story office space equipped with a large state of the ... Read More »

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Newsby AE eMagazineJanuary 27, 2015

J.D. Power Projects Best January Sales in 10 Years

WESTLAKE VILLAGE, Calif. — January new-vehicle sales are expected to reach levels not seen since 2004, according to a sales forecast from J.D. Power and LMC Automotive. The two firms expect sales for the month to reach 932,000 units, an 8.5% increase over January 2014. The total retail SAAR in January is expected to reach ... Read More »

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Newsby AE eMagazineJanuary 27, 2015

NADA Issues Compliance Guide on Federal Advertising Rules

SAN FRANCISCO — The National Automobile Dealers Association (NADA) issued a new publication last week — the first day of its annual convention — designed to assist new-car dealers in complying with federal advertising requirements on the sale, financing and leasing of automotive products and services. “A Dealer Guide to Federal Advertising Requirements” was released ... Read More »

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Newsby AE eMagazineJanuary 27, 2015

RouteOne Doubled Procesed eContracts in 2014

SAN FRANCISCO — At the NADA Convention and Expo, RouteOne announced that it more than doubled the amount of econtracts processed in 2014 to 1.55 million contracts. The technology firm attributed the growth to widespread adoption by more than 4,600 dealers and increased finance source participation. “Early last year we announced a 2014 goal to ... Read More »

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Newsby AE eMagazineJanuary 27, 2015

Dealertrack Adds New Connected Solutions to Product Lineup

LAKE SUCCESS, N.Y. — At the 2015 National Automotive Dealers Association (NADA 2015) Convention & Exposition in San Francisco last week, Dealertrack showcased its latest connected technologies and services that are driving today’s online to in-store convergence in automotive retailing. “2015 is going to be an exciting year for the automotive retail industry,” said Raj ... Read More »

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