GMAC

New Jeep Renegade ad campaign has an indie-rock youth vibe

8:00 am U.S. ET | April 17, 2015

In its new Renegade campaign, Jeep wanted up-and-coming artists to lay a soundtrack aimed at millennials instead of more established acts.... Read More »

VW Group sales rise 2% on Europe, China demand

April 17, 2015 12:25 CET

VW said group sales rose 2.3 percent in March to 968,300 vehicles, as gains in Western Europe and China helped offset declines in the U.S. and South America. The result extended first-quarter deliveries to a total of 2.49 million vehicles, a rise of 1.8 percent.... Read More »

VW, Metzler terminate talks to sell LeasePlan

April 16, 2015 18:56 CET

VW Group and private German bank Metzler have terminated talks to sell LeasePlan, a Dutch fleet-management company with 1.42 million vehicles spread across 32 countries. The deal was valued at about 3 billion euros, people familiar with the situation said.... Read More »

Frank Audette, longtime Detroit area Cadillac dealer, dead at 90

3:28 pm U.S. ET | April 16, 2015

Frank Audette, the creator of the Troy Motor Mall and founder of the former Audette Cadillac dealership in suburban Detroit, died April 10. He was 90.... Read More »

Chinese automakers are taking over the hottest SUV market

12:34 pm U.S. ET | April 16, 2015

After years of losing out to foreign brands, China's automakers are winning in the world's hottest SUV market by employing a tried-and-tested strategy: offering them cheap.... Read More »

Chevy runs digital video ads in print

10:54 am U.S. ET | April 16, 2015

Chevrolet has purchased a series of print ads to show off digital videos promoting the Colorado pickup.... Read More »

Toyota engineer doubts electric cars will spread even with rapid chargers

6:50 am U.S. ET | April 16, 2015

Battery-powered electric vehicles don't have a practical future as a long-range alternative to conventional cars even if technological breakthroughs allow them to be charged quickly, a top Toyota engineer said today.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BorgWarner CEO welcomes electrification of the powertrain

April 16, 2015 06:15 CET

BorgWarner sees the electrification of the powertrain as a positive for the supplier despite its heavy reliance on sales of parts that EVs don't need, such as turbochargers and glow plugs, James Verrier, the company's CEO, explained to Automotive News Europe.... Read More »

GM launches software that flags recalled vehicles on dealer lots

1:54 pm U.S. ET | April 15, 2015

General Motors is rolling out new software this month for dealerships to make it harder for them to mistakenly sell a new vehicle that's subject to a recall, without first performing the recall work as required.... Read More »

Tesla awaits OK from governor to sell directly in Maryland

12:45 pm U.S. ET | April 15, 2015

Tesla will be granted up to four licenses in Maryland if the governor signs a bill supported by the Maryland Automobile Dealers Association.... Read More »

Q&A

New Black Book exec looks to help dealers close loans, leases faster

11:15 am U.S. ET | April 15, 2015

Barrett Teague, Black Book's new vice president of lender solutions, says dealership F&I managers are never far from his mind. In part that's because he's been an F&I manager himself. Teague, 43, joined Black Book on April 6. His new role is to work with lenders, but how lenders use Black Book data also has a direct effect on dealerships, he says.... Read More »

Dealership gross profits see bigger impact from F&I

12:00 pm U.S. ET | April 15, 2015

The average dealership gained more from F&I last year, even though retailers' overall sales penetration for products such as extended service contracts and GAP dropped a fraction of a percentage point. On average, F&I accounted for 39.6 percent of gross profit for new- and used-vehicle departments combined in 2014, up from 38.8 percent in 2013, according to the 2014 NADA Data report.... Read More »

JIM HENRY

BLOG: Women in automotive seek more peers

12:15 pm U.S. ET | April 15, 2015

A lot of dealer principals and general managers swear by their female salespeople and F&I managers and wish they had more. But in the business world at large, auto industry careers for women are a “best-kept secret.”... Read More »

Wells Fargo, Chase adopt different lending approaches

12:00 pm U.S. ET | April 15, 2015

Wells Fargo and JPMorgan Chase, two of the biggest banks in auto finance, adopted opposite lending strategies in the first quarter. At Wells Fargo Dealer Services, total originations of auto loans and leases were lower compared with the year-earlier period, for the second quarter in a row and by a larger margin. Chase Auto Finance reported its 14th consecutive quarter of year-over-year increases in originations.... Read More »

2016 Cadillac ELR to get $10,000 price cut, more power

11:24 am U.S. ET | April 15, 2015

Cadillac said it will slash $10,000 from the price of the light-selling ELR plug-in hybrid for the 2016 model year. The sticker price will drop to $65,995, including shipping, from $75,995, after 18 months of miniscule sales of the sleek coupe. Most buyers would qualify for a $7,500 federal tax credit.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Crossovers to boost awd suppliers for rest of the decade

April 15, 2015 06:15 CET

Booming demand for SUVs and crossovers in Europe and China will keep benefiting suppliers of all-wheel-drive technology such as GKN Driveline, BorgWarner and JTEKT for the rest of the decade.... Read More »

Honda teams up with NBC, SNL for digital video series

12:22 pm U.S. ET | April 14, 2015

The 2015 Honda CR-V and 2016 HR-V crossovers serve as the backdrops for off-the-cuff comedy with Saturday Night Live cast members in the “Saturday Night Line” original digital video series.... Read More »

BMW sales rise 5% in March on minivan, 4-series demand

April 14, 2015 11:35 CET

BMW said sales of its core luxury brand rose 5.1 percent in March to a record 195,593 cars, thanks to strong demand for the 2-series Active Tourer minivan and 4-series coupe.... Read More »

Lexus, Subaru score highest consumer reviews on DealerRater

5:31 pm U.S. ET | April 14, 2015

Lexus and Subaru dealerships posted the highest average consumer ratings among luxury and mass-market brands on review site DealerRater over the past 12 months. The site examined star ratings earned by franchised dealerships of all brands in the 12 months ending March 31, 2015, to come up with the Consumer Rating Index.... Read More »

VW shows off GTI Supersport concept for video game

3:13 pm U.S. ET | April 14, 2015

Volkswagen has unveiled a second high-performance concept for “Gran Turismo 6” on the Playstation 3 game system. The Volkswagen GTI Supersport Vision Gran Turismo was released today. The “classic Golf design is instantly recognizable” within the concept, according to the game.... Read More »

Hyundai’s ‘Message to Space’ from a girl to her astronaut dad

3:11 pm U.S. ET | April 14, 2015

To help an astronaut’s 13-year-old daughter communicate with her astronaut father who hovers over Earth for months at a time in the International Space Station, Hyundai deployed 11 Genesis sedans to Delamar Dry Lake in Nevada to craft a message in giant lettering out of tire marks in the dusty terrain.... Read More »

Chevy cuts price, adds incentives for Spark EV

1:00 pm U.S. ET | April 14, 2015

Chevrolet is cutting the sticker price on the Spark EV by $1,650 and adding cash incentives that will allow buyers to get the battery electric minicar for as low as $14,995 after federal and state tax breaks.... Read More »

VW brand sales fall nearly 1% in March on weak Russia, Brazil

April 14, 2015 12:46 CET

Volkswagen Group said sales of its core VW brand fell 0.9 percent last month. "Demanding" conditions in South America, especially Brazil, along with the Russian market slump, impacted deliveries, according to sales and marketing chief, Christian Klingler.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Renault Kadjar, VW Tiguan will help drive compact SUV sales past 2 million

April 14, 2015 06:15 CET

Rivalry in Europe's compact SUV/crossover segment will intensify as more brands compete with refreshed models or all-new entries such as the Renault Kadjar. By 2020 sales in the segment are forecast to double to more than 2 million.... Read More »

Penske targets 'I' in F&I to boost per-vehicle revenue

12:01 am U.S. ET | April 13, 2015

Penske Automotive Group Inc. is refining its training process on insurance product sales to boost overall finance and insurance revenues.... Read More »

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