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DETROIT – Ford Motor Co.’s total U.S. vehicle sales slid 1 percent year-over-year to 250,813 units in May, with retail sales down 2 percent to 171,535 vehicles and fleet sales flat at 79,278 units, reports mlive. While trucks and SUVs have been strong sales drivers in the U.S. for automakers this year, Ford’s results were ... Read More »
Read More →FORT WORTH, Tex. – Today, compliance technology provider, SecureClose, LLC has announced a new strategic alliance with marketing agency, KISS Concepts Group LLC, to represent SecureClose technology solutions to independent dealerships and finance companies throughout the United States. As part of this new collaboration, independent agents and agencies that are members of KISS Concepts Group ... Read More »
Read More →CLEARWATER, Fla. – United Development Systems, Inc. (UDS) has been named the Diamond Award Winner for F&I Training and Gold Award Winner for Compliance Training in the 2015 Dealers’ Choice Awards by Auto Dealer Monthly. For the eleventh consecutive year UDS has been ranked tops in the F&I Training category, while placing 1st in ten ... Read More »
Read More →LAKE FOREST, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has again been ranked as the top Diamond provider of Vehicle Service Contracts‐ Reinsurance in the annual Dealers’ Choice Awards national survey sponsored by Auto Dealer Monthly magazine. This is the fifth Diamond Award for Portfolio, matching its achievement ... Read More »
Read More →As part of an agreement with Takata, federal regulators expanded the recall of vehicles equipped with the company’s air bags to 33.8 million in the U.S., making it the largest safety recall in the nation’s history, reports Detroit Free Press. The move essentially doubles the number of vehicles being recalled to replace potentially lethal air ... Read More »
Read More →U.S. vehicle safety regulators’ tougher posture toward automakers is a “new phase” in the government’s relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday, reports Reuters. “We’re beginning to live through a new phase of regulation in the United States,” Marchionne told reporters after ... Read More »
Read More →SCHAUMBURG, Ill. — In 2015’s first quarter, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive. The firm’s State of the Automotive Finance Market report for first quarter 2015 found that subprime loans made up 16.2% ... Read More »
Read More →ALBANY, N.Y. — Auto/Mate Dealership Systems has announced that it has received a Platinum award in the 2015 Auto Dealer Monthly Dealers’ Choice Awards. This year marks the second time that Auto/Mate has received a top ranking in the publication’s annual award program, which recognizes the industry’s best product and service providers. Winners of the Dealer’s Choice ... Read More »
Read More →CLARKSVILLE, Ind. — Manheim Louisville has rescheduled its Cruisin’ for Wishes car show and fundraiser for June 13, after the event was rained out on May 16. The Criusin’ for Wishes car show will be held from 10 a.m. to 3 p.m. at Manheim Louisville. Registration for the car show begins at 9 a.m. and ... Read More »
Read More →Shares of Fiat Chrysler Automobiles NV closed up 13 cents to $15.60 a share on Tuesday, a dime higher than Ford Motor Co. — the second time this week that shares of the Auburn Hills automaker have topped its Dearborn rival, reports The Detroit News. Ford stock was down 8 cents Tuesday, dropping 2.6 percent ... Read More »
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