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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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ALBANY, N.Y. — Auto/Mate Dealership Systems has integrated its dealership management system (DMS) with MaximTrak Technologies’ F&I Suite. Auto dealers using both systems may now benefit from a real-time, bi-directional exchange of information. “Our Open/Mate certification is easy, inexpensive and fast for third-party vendors, lowering costs and expanding vendor choices for dealers,” said Mike Esposito, ... Read More »
Read More →SANTA MONICA, Calif. – U.S. News announced a two-year extension of its deal with TrueCar to continue the company’s new car buying program. As part of their new agreement, customers will now have access to pre-owned vehicles available through TrueCar’s network of certified dealers. U.S. News and TrueCar began the program in 2011 and have ... Read More »
Read More →DETROIT, Mich. – Strong sales of transit vans, Fusion model and Lincoln-brand cars were not enough to offset managed F-Series volumes and planned reductions in daily rental volumes, as Ford Motor Co. reported a 3 percent decline in year-over-year U.S. sales to 180,175 units in September, reported Michigan Live. The Dearborn automaker said in a ... Read More »
Read More →ELMHURST, Ill. – Oak Group (Oak) and Total Warranty Services (TWS) are pleased to announce the formation of a strategic alliance. The partnership will bring together the stability, infrastructure and long-standing history of Oak’s finance and insurance business with TWS’s agility, innovation and full suite of reinsured products. Eric Peterson, Executive Vice President of Oak ... Read More »
Read More →Ford is recalling 850,000 vehicles to address an electrical problem that could prevent the air bags and other safety systems from working properly in a crash, reported Detroit Free Press. The recall involves the 2013-14 Ford Fusion, Escape and C-MAX as well as the Lincoln MKZ for an issue with the restraints control module connected ... Read More »
Read More →Hyundai Motor Co and its two affiliates approved Asia’s biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul, reported Reuters. The Hyundai-led group – which includes Kia Motors Corp ... Read More »
Read More →Chrysler Group LLC, a unit of Fiat SpA, said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move, reported Reuters. In some cases, the ignition switch could upon startup not stop at the “on” position and instead ... Read More »
Read More →SANTA MONICA, Calif. — New vehicle sales projections for September are up as much as 9.7% compared to the same period last year according to forecasts from TrueCar and J.D. Power. Over 1.2 million new light-vehicles will be sold in September which TrueCar is calling the highest number in 7 years. “We expect another strong ... Read More »
Read More →SPRINGFIELD, Mo. – A former used car dealer admits he sold cars with faked odometer readings, reported KY3 News. Ashley Bolton pleaded guilty in Greene County Circuit Court to two counts of using deceptive business practices. His sentencing hearing is scheduled for Dec. 10, and he could face sentences of two to four years in ... Read More »
Read More →WASHINGTON, D.C. — In a report released Sept. 22, the United States Government Accountability Office (GAO) found that while the Consumer Financial Protection Bureau (CFPB) has taken steps to secure the data it has collected — including records from automobile sales, consumer credit report information, credit cards, credit scores, mortgages and student loans — the ... Read More »
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