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Austin, Texas – RoadVantage, a leading provider of progressive F&I programs for the automotive industry, today announced True Coverage, a fresh approach to F&I that simplifies contract language and dramatically reduces the exclusions that typically cause claims headaches for dealerships and their customers.
Read More →Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said his company is in talks with other automakers to share the costs of developing new vehicles and technology, particularly to cut greenhouse gas emissions, and called on the United States to ease fuel economy targets for 2025, reported Reuters. “I think (automakers’) costs … (are) well in ... Read More »
Read More →General Motors Co is open to working with Google Inc on developing self-driving car technology, the chief technology officer for the U.S. automaker said on Monday, reported Reuters. “I’m not in charge of deciding what we will and won’t do, but I’d say we’d certainly be open to having a discussion with them,” Jon Lauckner ... Read More »
Read More →BANDON, Ore. — CNW Research used an interesting analogy to describe its expectations for 2015 sales, a year in which it believes factors like fuel prices could tip sales either way. “It’s called ‘hard pan,’ and in some parts of the country, it is just below the surface. Dry, it feels like rock, but when ... Read More »
Read More →ATLANTA — Wholesale used-vehicle values increased in the fourth quarter by nearly 2% to finish the year slightly higher than last year, as consumer demand for used car and trucks remained strong, according to the Manheim Used Vehicle Value Index. Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and ... Read More »
Read More →WOODCLIFF LAKE, N.J. — December’s total new-vehicle sales increased 10.8% vs. a year ago to 1.5 million units, according to Autodata Corp., capping off a year in which sales increased 5.9% from a year ago to 16.5 million units. December’s seasonally adjusted annual rate did fall from November’s 17.2 million-unit rate — the highest rate ... Read More »
Read More →The U.S. auto market may be heading into a very good year, but there’s still reason to worry, cautioned FCA Chief Executive Officer Sergio Marchionne, during a well-attended media “roundtable” at the opening of the North American International Auto Show, reported The Detroit Bureau. Like other senior executives gathered for a two–day preview, Marchionne said ... Read More »
Read More →FORT WORTH, Texas — General Motors Financial Company, Inc., has announced that on Jan. 2, GM Financial, GMAC UK plc — an indirect wholly-owned subsidiary of GM Financial — and Ally Financial Inc., completed a transaction under which GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a ... Read More »
Read More →CINCINNATI — Swapalease.com has unveiled results of its latest survey showing that 82% of drivers across the U.S. would consider getting a used car or truck lease that was three years old. Swapalease.com is studying the consumer appetite for used leasing and presented an online survey in front of 2,500 drivers across the country during ... Read More »
Read More →LAWRENCEVILLE, Ga. — According to Black Book data, the average price of a used vehicle for model years 2009 to 2013 continued to fall in December, depreciating 1% compared to November. For all of 2014, the average price fell 12.1%, a much lighter drop that the 12.8% decline recorded for all of 2013 and less ... Read More »
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