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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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DETROIT – Sales of new vehicles in the U.S. last year grew by 6 percent to 16,522,000 units, according to AutoData Corp., marking the highest rate since 2006, reported MLive. For the Detroit Three, sales rose for both General Motors, which sold more vehicles in the U.S. than any other automaker in 2014, and for ... Read More »
Read More →Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ global expansion plans, narrowly met its goal of selling one million vehicles in 2014, the Jeep brand chief said on Tuesday, reported Reuters. Jeep’s worldwide sales were 1,017,019 last year, up 39 percent from 2013 and a record for the brand. Sales rose 41 ... Read More »
Read More →BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes, reported Reuters. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. The BMW ... Read More »
Read More →Scottsdale, AZ — This year, CNA National Warranty Corporation (CNAN) is celebrating 20 years as the longest-serving Affinity Partner with the American International Automobile Dealers Association (AIADA). CNAN provides dealer members with F&I products tailored to individual dealerships, along with products and services to improve F&I profits and CSI scores. By combining a comprehensive menu ... Read More »
Read More →General Motors Co began the new year by announcing three new vehicle recalls on Thursday, as the ignition switch crisis continued to dog the automaker after millions of vehicles were recalled in 2014, reported Reuters. No crashes or injuries were reported in the latest round of recalls involving 83,572 sport-utility vehicles and pickup trucks. GM ... Read More »
Read More →Hyundai Motor Co and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years, reported Reuters. Hyundai-Kia, together the global No.5 automaker, have seen their sales growth slow since ... Read More »
Read More →DETROIT – General Motors Co. says it has completed the planned $3.9 billion purchase of 156.1 million shares of preferred stock, reported MLive. The Detroit-based automaker sold cheaper debt to pay for the purchase. GM spokesman Tom Henderson said Wednesday that the deal improves the company’s cost structure.GM has now redeemed all Series A preferred ... Read More »
Read More →BOSTON — Massachusetts Attorney General Martha Coakley has subpoenaed Santander Consumer USA, requiring that the finance source produce documents related to its subprime auto lending business. The AG is also questioning a handful of other auto lenders, which she declined to name, the Boston Globe reports. Earlier in December, Santander and six other auto lenders ... Read More »
Read More →WILKES-BARRE, Pa. — GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sold through automotive dealers, has announced the expansion of its headquarters. GWC’s state-of-the-art facility has been expanded to almost 20,000 square feet. The new space was built adjacent to the existing area in Coal Street Park in Wilkes-Barre, ... Read More »
Read More →ALBUQUERQUE, N.M. – SouthwestRe, a leading Third Party Administrator based in Albuquerque, New Mexico, is pleased to announce that 2015 marks its 30th year in business. Plans are currently being made to recognize this important anniversary with events throughout the year, beginning with a kick-off celebration during the NADA convention in San Francisco later this ... Read More »
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