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CORTLAND, N.Y. —The owner of JF Auto World, Joseph Fezza, pled guilty last week to five felony charges stemming from his collection and retention of sales taxes on vehicles he sold over a period of more than five years, and his failure to file sales tax and personal income tax returns. “With Tax Day around ... Read More »
Read More →South Korea’s Hyundai Motor aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry’s projected growth rate, despite a consumer shift to SUVs and pick-up trucks, reported Reuters. Sales of Hyundai’s mainstay sedans, the Elantra and Sonata, have slowed in the United States as consumers take advantage of lower fuel ... Read More »
Read More →ORWIGSBURG, Pa. — Preferred Warranties Inc. (PWI), a business unit of KAR Action Services, announced that Kathy Calderini has been selected as its new vice president of marketing and sales. Calderini brings more than 20 years of customer service, sales, training, sales management and marketing experience to PWI. She will lead PWI’s business development and ... Read More »
Read More →LAWRENCEVILLE, Ga. — Black Book announced this month the appointment of Laird Popkin to chief technology officer and senior vice president, effective immediately. In this newly created role, Popkin has responsibility for all product development and IT operations for the entire group, which includes National Auto Research, Veretech Holdings, Inc., and Canadian Black Book. He ... Read More »
Read More →DETROIT — U.S. safety regulators are investigating complaints that two Nissan recalls didn’t go far enough to fix a problem with front-seat air bag seat sensors, reported The Associated Press. The probe covers nearly 990,000 vehicles in the U.S. that were recalled in 2013 and last year because computer software may not detect an adult ... Read More »
Read More →NEW YORK – Spencer Capital Holdings, Ltd. (“Spencer Capital”), a value-oriented global holdings company, has acquired SouthWest Dealer Services (“SWDS”), a leading independent full-service provider of finance and insurance (“F&I”) products and services to auto dealers in the United States. SWDS has more than 250 employees that currently serve over 550 active dealers across 14 ... Read More »
Read More →SCOTTSDALE, Ariz. – GM announced on Wednesday, March 11, 2015 that they would reduce their coverage for their free maintenance program on Chevrolet, Buick, and GMC vehicles for 2016 model year cars. This comes in addition to extended powertrain warranty reductions for Chevrolet and GMC. Ryan Williams, President of DRIV technologies and Fidelis PPM, a ... Read More »
Read More →SCOTTSDALE, Ariz. – CNA National Warranty Corporation (CNAN) is pleased to announce Sean Harding as the company’s new chief information officer, effective March 16. “With an extensive background in both information technology and business leadership, Sean has the right combination of skills to help CNA National as we continue to improve our infrastructure and network,” ... Read More »
Read More →TORRANCE, Calif. — The publishers of Auto Dealer Monthly have announced that voting for the 2015 Dealers’ Choice Awards will open Monday, March 16 and continue through Wednesday, April 15. The awards are voted upon by dealers and dealership personnel and recognize the industry’s leading third-party vendors, suppliers and finance companies. “We are extremely proud ... Read More »
Read More →LAWRENCEVILLE, Ga. — Compact SUVs retained the most value in February thanks to cold weather, according to analysts at Black Book. The average price of 2009 to 2013 model year vehicles depreciated by 1.2% in February, matching January’s numbers. Domestic cars depreciated by 0.9%, import cars lost 1.5%, domestic trucks fell 0.8% and import trucks ... Read More »
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