AE Magazine
MENU
SEARCHMENUSEARCH
Detroit’s automakers on Tuesday all posted strong sales increases in January compared to a year ago, led by General Motors Co.’s 18.3 percent gain — its best January in seven years, reported The Detroit News. Buyers took advantage of low gas prices, easy access to credit and stable feelings about the economy to buy vehicles, ... Read More »
Read More →NEW YORK — Ally Financial Inc. announced today that Jeffrey Brown was named CEO. The former president and CEO of Ally’s dealer-financial services business succeeds Michael A. Carpenter, who is retiring from his post and from the company’s board after five years. Brown also joins the finance source’s board of directors. He will work closely ... Read More »
Read More →LAWRENCEVILLE, Ga. — Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings. The annual depreciation rate in 2014 was 12.1%, and Black Book believes depreciation levels will continue to trend upward to as ... Read More »
Read More →Chrysler will recall more than 228,000 vehicles because their airbags could unexpectedly inflate without a crash, reported the NYTimes. The company will upgrade software governing side-curtain and seat-mounted side airbags in Jeep Cherokees from the 2014-15 model years, including more than 168,000 vehicles in the United States. Chrysler engineers initiated an investigation after getting reports ... Read More »
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 →