Dealers
Dealers must disclose reason for higher customer interest rate, judge rules
11:07 am U.S. ET | May 25, 2012
The National Automobile Dealers Association suffered a legal setback Thursday as a federal judge in Washington said a dealer must disclose to a consumer whether the consumer is being charged a higher rate because of a negative credit rating -- regardless of whether the dealership assigned the loan to a third party.... Read More » Comments [0] | Recommendations [0]
Wally Lowenfield dead at 84
2:42 pm U.S. ET | May 24, 2012
Wally Lowenfield, founder of Casa Ford-Lincoln and Casa Nissan in El Paso, Texas, died March 25. He was 84. Lowenfield bought El Paso Ford in 1969 and renamed it Casa Ford. A dealership spokesman said he was on the Ford National Dealer Council for several years and was council chairman for a year.... Read More »BMW will appeal $163 million Swiss antitrust fine
2:31 am U.S. ET | May 24, 2012
BMW says it will appeal a fine from the Swiss Competition Commission for impeding private imports of its cars to Switzerland. The commission fined BMW 156 million Swiss francs ($163.44 million) for trying to prevent Swiss residents from buying its cars in cheaper markets including Germany, France and Italy.... Read More »Q&A
Ally CEO: We have only 1 business -- auto
8:14 am U.S. ET | May 23, 2012
Ally Financial has one focus now, CEO Michael Carpenter says: U.S. auto lending. That auto emphasis, in fact, is one of the reasons Ally's ailing mortgage unit, ResCap, filed for bankruptcy protection last week, he says.... Read More »Auto-loan delinquency rates plunge
11:08 am U.S. ET | May 23, 2012
Auto-loan delinquency rates in the United States have fallen to their lowest point in at least a dozen years, according to risk management firm TransUnion.... Read More »NET WORTH: Can Facebook sell cars?
12:01 am U.S. ET | May 21, 2012
General Motors' decision last week to end paid Facebook advertising was more than an awkward moment for a media behemoth on the verge of a high-profile stock offering. It was a sign that auto marketers industrywide have some tough choices ahead when it comes to hawking their wares online to social media-addicted shoppers.... Read More »Monthly Sales
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J.D. Power raises 2012 auto sales outlook to 14.5M
12:46 pm U.S. ET | May 24 2012
U.S. new-car sales could hit 14.5 million this year, an increase of 13 percent from 2011, as an improving economy makes consumers more confident about buying cars, industry consultants J.D. Power and LMC Automotive said today.... Read More »
Finance & InsuranceMore »
F&I WEEK: Attorneys will help dealers with regulatory questions
12:01 am U.S. ET | May 21 2012
Auto dealers who have been watching regulatory developments will get some answers next month during Automotive News F&I Week -- a free online conference.... Read More »
MarketingMore »
GM says $600k in ad agency work tied to CFO's wife
12:11 pm U.S. ET | May 25 2012
GM said today Pernilla Ammann, the wife of Chief Financial Officer Dan Ammann, is an officer and a partner in an advertising agency that received about $600,000 for services last year to a GM subsidiary.... Read More »
Used CarsMore »
Used-vehicle prices ease in April, index shows
2:41 pm U.S. ET | May 7 2012
For the first time in six months, used-vehicle prices in April stopped their upward trajectory and showed signs of easing, according to a closely followed gauge released today. The Manheim Used Vehicle Value Index in April stood at 126.1, down slightly from 126.2 in March and down from 126.6 in April 2011.... Read More »
Fixed OperationsMore »
Enterprise, Avis Budget join Hertz in pledge to not rent vehicles under recall
3:45 pm U.S. ET | May 24 2012
Car-rental companies Enterprise Rent-A-Car and Avis Budget Group Inc. said today that they have pledged not to rent or sell recalled vehicles that have not been repaired. The actions are in response to U.S. Sen. Barbara Boxer's letter this month to the CEOs of three leading U.S. car-rental companies -- Enterprise, Avis, and Dollar Thrifty -- asking them to adopt such a policy.... Read More »
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EDITORIAL
New NADA study should avoid rearview mirror
12:01 am U.S. ET | May 14 2012
The National Automobile Dealers Association is commissioning another study, this one to generate hard data about dealers' return on investment from manufacturer-mandated dealership renovation programs.... Read More »
Final AssemblyMore »
FINAL ASSEMBLY
Fiat's Google gotcha: A 500 shows up at VW's front door
12:01 am U.S. ET | May 21 2012
Score one for Fiat in the sometimes whimsical, sometimes not, rivalry between the Italian automaker and Volkswagen. The two companies seem to taunt and tease each other like kids on a playground, especially in Europe. Check out Volkswagen's Swedish headquarters in suburban Stockholm on Google Earth and you'll see a Fiat 500 parked at the front door of the building.... Read More »
- Parts Manager
Mercedes-Benz of Laguna Niguel -- Laguna Niguel, CA, United States - Sales Manager
East TN Ford Dealer -- TN, United States
