Scott Smith Appointed Manager of AUL Operations and Service Support Departments

NAPA, Calif. – AUL Corporation is proud to announce the promotion of Scott Smith to lead the operations department in addition, to his role as the service support manager. Scott joined AUL nine years ago as a customer service representative and then was appointed a claims team leader before being promoted to the service support ... Read More »

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Confident Financial Solutions Appoints VP of National Sales

BOULDER, Colo. — Confident Financial Solutions (CFS), a developer of financial solutions for automotive service centers and their customers, has announced that it has appointed Dan Beres as vice president of National Sales, reports F&I and Showroom. Beres joins an existing group of highly experienced professionals in the automotive industry and brings his expertise to ... Read More »

Spending on New Cars Hits All-Time High, Even as Loans Stretch to Record Lengths

While May might not have brought the big uptick in sales we’ve seen in recent months, preliminary data suggest that automakers took in record revenues, with the average transaction price of new cars, trucks and crossovers sold last month climbing by at least 4%, reports The Detroit Bureau.  All told, U.S. buyers spent a record ... Read More »

Audi Edges Past BMW to Lead Luxury-Car Sales Race in April

Audi was the world’s biggest seller of luxury cars in April, edging out BMW AG’s namesake brand and fast-growing Mercedes-Benz, reported Bloomberg. Bolstered by U.S. demand for the Audi Q5 and Q7 sport utility vehicles, the Volkswagen AG unit’s deliveries rose 2.5 percent to 152,850 cars last month, compared with BMW’s 5.6 percent increase to ... Read More »

GM Expects to Fall Short of 2017 Electric Vehicles Target

General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity, reported Reuters. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a “surge” in model offerings from all automakers ... Read More »

Toyota Flags Third Year of Record Profit on Strong U.S. Sales, Cost Cuts

Toyota Motor Corp said it will crank net profit up to a third straight record this year as cost cuts and rising U.S. sales offset weaker business elsewhere, building on bumper earnings last year powered largely by foreign-exchange gains, reported Reuters. Reporting net income jumped 50 percent in the quarter ended March, the world’s top-selling ... Read More »

VW’s Audi Sales Up 2.5 Percent in April to 152,850 Cars

Volkswagen’s Audi luxury division said on Friday sales increased 2.5 percent in April to 152,850 cars and sport-utility vehicles, the highest-ever level recorded for any month in the carmaker’s history, reported Reuters. Sales in Europe edged up 0.9 percent as gains in Italy and Spain offset a 42 percent slump in deliveries in Russia to ... Read More »

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Detroit Automakers Face Speed Bumps as Sales Growth Slows

Detroit’s automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead, reported Reuters. Auto executives say the industry is as healthy as it’s been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler ... Read More »