News
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.
Read More →
AE Magazine
MENU
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.
Read More →
DETROIT – FCA US, formerly Chrysler Group, reported Wednesday a drop in net income to $1.2 billion for 2014, compared to a net profit of $2.8 billion in 2013, reported MLive. That came despite a rise of 15 percent in revenue to $83.1 billion. The Auburn Hills-based subsidiary of Fiat Chrysler Automobiles NV said the ... Read More »
Read More →DETROIT — Just days before it named Jeffrey Brown as its new CEO, Ally Financial’s then-CEO Michael Carpenter expressed surprise at a move by General Motors to put 100% of its U.S. Buick, Cadillac and GMC lease incentives in the hands of its captive, GM Financial. “While we were not surprised by the idea of ... Read More »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →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 »
Read More →
