Retail

Dealers

12:01 am U.S. ET | Sept. 22, 2014
Dealers featured this week include James Auffenberg, president of Auffenberg Hyundai in O'Fallon, Ill.; John Bommarito, president of Frank Bommarito Mazda in Ellisville, Mo.; Howard Bush, dealer principal at B&B Ford in Barnwell, S.C.; Martin Taylor, dealer principal of Taylor Nissan in Lancaster, Ohio; and Ron Parks, owner of Stadium Toyota in Tampa, Fla.... Read More »

 

Can Prius set the pace again?

12:01 am U.S. ET | Sept. 21, 2014
The hybrid revolution that the Prius ushered in has put it in an awkward position: So many other brands have followed Toyota's lead into the hybrid market that the Prius no longer stands out. The brand is now it's at a marketing crossroads.... Read More »

 

Infiniti wants Q70 buyers to go long

12:01 am U.S. ET | Sept. 21, 2014
Infiniti has priced the new long-wheelbase version of its flagship Q70 sedan to lure buyers to the larger model.... Read More »

 

JESSE SNYDER

Why Detroit is a small town, big city for auto dealers

12:01 am U.S. ET | Sept. 20, 2014
Detroit's a big city. But if you're in the car biz, the Motor City is a small town, too. Karl Zimmermann's party at George Matick Chevrolet was both big city and small town.... Read More »

 

BMW puts i8 at center of tech-based campaign

12:01 am U.S. ET | Sept. 20, 2014
BMW is learning that what distinguishes the ultimate driving machine can be a matter of taste. To win over the growing ranks of wealthy car buyers who care more about technology than horsepower or heritage -- think Tesla fans -- the German brand is delivering its message through a new marketing vehicle: the i8.... Read More »

 

LEARNING CURVE

Ford schools dealers on high-tech 2015 Mustang

12:01 am U.S. ET | Sept. 20, 2014
Ford is concentrating on the 2.3-liter engine and other high-tech features in intensive training sessions designed to educate dealership salespeople.... Read More »

 

Golf takes zany ride in VW native advertising

12:01 am U.S. ET | Sept. 20, 2014
This month's advertising launch for VW's redesigned 2015 Golf puts the car at the center of a zany online video on Funny or Die. The three-minute video is a piece of so-called native advertising, a hot new format in marketing circles in which publishers host content that looks like their own but actually comes from advertisers.... Read More »

 

2014 PARIS AUTO SHOW

Mini will show new 5-door hatchback at Paris show

Sept. 19, 2014 14:52 CET
Mini will unveil its first five-door hatchback in Paris as the BMW subsidiary seeks to attract new customers and those looking for something bigger than the current three-door Mini.... Read More »

 

Cadillac to build unnamed 'top-end' car at Detroit-Hamtramck in late 2015

6:34 am U.S. ET | Sept. 19, 2014
General Motors said today that it will build a new "top-end, high-technology" Cadillac at its Detroit-Hamtramck assembly plant starting in the fourth quarter of next year. GM declined to name the car, saying only that it would be slotted above the CTS midsize sedan and XTS large sedan.... Read More »

 

MIKE COLIAS

Why Cadillac's forthcoming 'LTS' could get another name

2:46 pm U.S. ET | Sept. 19, 2014
We've known about Cadillac's plans for a big, rear-wheel drive, range-topping sedan for more than two years now. For most of that time, we've been referring to it by its internal codename, LTS. But when the wraps come off the car sometime in the first half of next year, I bet it won't sport an LTS badge.... Read More »

 

Ford to cut Fiesta output in Germany

Sept. 19, 2014 10:47 CET
Ford said it will cut production of its Fiesta subcompact at its plant in Cologne, Germany, in the fourth quarter because of slowing demand in some of the region's key markets.... Read More »

 

CFPB's latest guide on discrimination falls short, auto lenders, dealers say

3:28 pm U.S. ET | Sept. 18, 2014
Auto lenders and dealers are largely disappointed with a long-awaited report by the Consumer Financial Protection Bureau that outlines the bureau's method for finding discrimination in auto loans.... Read More »

 

NADA calls on CFPB to accept dealer group's anti-discrimination approach

11:00 am U.S. ET | Sept. 18, 2014
The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy & Program as a valid way to avoid discrimination, at a CFPB hearing today in Indianapolis into auto-lending practices.... Read More »

 

GM recalling natural gas-powered vans due to possible leak

10:40 am U.S. ET | Sept. 18, 2014
General Motors will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said today.... Read More »

 

Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.... Read More »

 

Toyota to boost Mexico truck plant capacity by 41%

8:50 pm U.S. ET | Sept. 17, 2014
As Toyota ponders its first full assembly plant in Mexico, it plans to boost capacity at its existing factory there almost 40 percent to feed demand for trucks.... Read More »

 

Ford seeks younger Mustang buyers with tech features

12:44 pm U.S. ET | Sept. 17, 2014
The 2015 Ford Mustang arrives in dealerships next month as Ford's most technology-laden pony car yet. The fastback model will arrive first, followed by the convertible later in the fall. Ford hopes to appeal to a new generation of Mustang buyers -- and overseas markets -- by offering technologies never seen before in Ford's pony car.... Read More »

 

LINDSAY CHAPPELL

Scrap Nissan's Leaf battery plant? Hardly

3:23 pm U.S. ET | Sept. 17, 2014
News broke this week that Nissan and Renault are debating the future of their electric-vehicle battery technology sourcing. Frankly, it would be bigger news if the two automaker partners weren't debating it.... Read More »

 

CFPB finds discrimination in auto lending at banks, looks to oversee captives

5:45 pm U.S. ET | Sept. 17, 2014
The nation's consumer finance regulator found discrimination against minority borrowers at several unnamed banks tied to dealer discretion in setting dealer reserve, the share of the customer's interest rate that dealerships earn for negotiating a finance contract. The CFPB also released the first details of a proposed new rule that would officially extend its jurisdiction to nonbank auto lenders.... Read More »

 

CFPB to shed light on identifying protected classes

12:01 am U.S. ET | Sept. 17, 2014
The Consumer Financial Protection Bureau is due to issue a white paper soon -- perhaps even this week -- that spells out in greater detail exactly how the bureau determines which consumers belong to legally protected classes of borrowers -- technical details that can ultimately have a big impact on dealers' business.... Read More »

 

Tesla argues New Jersey regulators can't stop direct sales

2:06 pm U.S. ET | Sept. 17, 2014
Tesla Motors, in a court filing submitted Tuesday, argued that New Jersey regulators have no authority to shut down direct sales at the electric-vehicle maker's stores in the state.... Read More »

 

Exeter CEO sees steady growth of 15-20%

12:01 am U.S. ET | Sept. 17, 2014
Exeter Finance, a subprime auto-financing specialist, should post “just steady growth” of 15 to 20 percent a year, CEO Mark Floyd says. He made the forecast last week even though in July the company started “making some tweaks” to its lending, he said, tightening its credit standards a bit in light of concerns about issues such as used-car prices.... Read More »

 

IHS hikes 2014 U.S. auto sales forecast to 16.4 million

11:49 am U.S. ET | Sept. 17, 2014
U.S. auto sales, buoyed by increasing consumer confidence and cheap financing, are rising faster than expected and will reach 16.4 million this year and climb to 17.4 million in 2017, consultant IHS Automotive said today.... Read More »

 

Steelmaker says it can put pickups on a diet

6:56 am U.S. ET | Sept. 17, 2014
ArcelorMittal has a message for automakers scrambling to hit tougher fuel economy targets that come into effect in 2025: You don't have to make trucks out of aluminum to do it.... Read More »

 

F&I panel: 'We can police ourselves'

12:01 am U.S. ET | Sept. 17, 2014
F&I administrators and dealerships should put price ceilings on F&I products to protect themselves from overregulation, a group of executives from F&I providers suggested at a recent industry conference.... Read More »

 

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Calif. dealer champions chaplain services

Calif. dealer champions chaplain services

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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