Dealers

NHTSA launches VIN tool to search for recalls

12:01 am U.S. ET | Aug. 20, 2014
Car buyers and owners can use a vehicle's identification number to identify open or unrepaired safety recalls with a new search tool released by NHTSA starting today. Consumers enter a VIN to find out whether the vehicle has any open, unrepaired recalls and whether the automaker has a fix available.... Read More »

 

Dealer website provider Search Optics acquires DigiGo

3:34 pm U.S. ET | Aug. 19, 2014
Search Optics, a growing provider of dealer websites and digital marketing services, has purchased KPA's DigiGo division, formerly known as TK Carsites. Terms were not disclosed.... Read More »

 

Dealer software giant ADP Dealer Services to become CDK Global

2:55 pm U.S. ET | Aug. 19, 2014
ADP Dealer Services said today it will spin off from parent ADP with the name CDK Global. The dealer software giant expects to become an independent public company by October. It will be listed on the NASDAQ exchange under the symbol CDK.... Read More »

 

Social media fall flat for car shopping, research finds

12:01 am U.S. ET | Aug. 18, 2014
The body of evidence continues to grow that social media are ineffective for selling vehicles.... Read More »

 

Sonic details plans for used-car network

12:01 am U.S. ET | Aug. 18, 2014
Sonic Automotive is naming its new used-vehicle business EchoPark and eventually aims to put the stand-alone stores in more than 50 markets across the country.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Aug. 18, 2014
This week's buy/sell listings.... Read More »

 

No key ring tags, GM tells dealers

12:01 am U.S. ET | Aug. 18, 2014
In its recall-induced quest to strip customers' key chains of any dangling tchotchkes, GM has raised the alarm about promotional key tags.... Read More »

 

BEST PRACTICES

Dealership group's chaplain connects with employees

12:01 am U.S. ET | Aug. 18, 2014
The services of Chaplain Roy Inzunza is part of the spiritual and wellness benefits for employees of the 12-franchise dealership group.... Read More »

 

BIG DATA PLAN

Ford data crunchers help dealers fine-tune inventory

12:01 am U.S. ET | Aug. 18, 2014
Ford Motor Co. is trying to take the guesswork out of dealership inventory ordering, using advances in big data technology to offer its stores sophisticated recommendations for their orders. Some dealerships are resisting.... Read More »

 

Honda digital ad budget to grow

12:01 am U.S. ET | Aug. 18, 2014
Honda dealers are endorsing factory plans to increase spending next year for digital advertising.... Read More »

 

Dealers

Dealers

12:01 am U.S. ET | Aug. 18, 2014
This week's dealership awards go to Columbus Nissan in Columbus, Miss.; John Eagle Honda of Houston Bridgewater Acura in Bridgewater, N.J.; Liberty Chevrolet in Selma, Calif.; Romano Toyota in East Syracuse, N.Y.; Jeff Wyler Mazda in Batavia, Ohio.... Read More »

 

Detroit-area dealers struggle with submerged autos, trapped customers

10:00 am U.S. ET | Aug. 16, 2014
As the rain fell last Monday afternoon, Pat Presutti, new-car sales manager at Jim Riehl's Friendly Chrysler Jeep in suburban Detroit sent a porter out to check the water level in the back lot where nearly 100 cars were parked. It was only about a half inch deep, but by early evening, dumpsters were floating around in the car lot.... Read More »

 

JAMIE LaREAU

Court ruling on telecommuting could affect dealerships

1:23 pm U.S. ET | Aug. 14, 2014
What does a former Ford employee with irritable bowel syndrome have to do with car dealerships? Potentially, a lot, says a dealership lawyer.... Read More »

 

Toyota: Favorable auto finance climate to continue driving U.S. retail volume

12:01 am U.S. ET | Aug. 13, 2014
An auto finance environment favorable to many U.S. consumers will continue to provide a tailwind for higher retail auto sales in 2014, a top Toyota executive said Tuesday.... Read More »

 

Manheim enters Brazil with acquisition of auction company CarBizz

2:51 pm U.S. ET | Aug. 13, 2014
Manheim, the largest auto auction company in the United States, has expanded its global operations into South America with the acquisition of Brazilian auction company CarBizz.... Read More »

 

JIM HENRY

N.Y. Times' demands are misguided

12:01 am U.S. ET | Aug. 13, 2014
Subprime auto loans have gotten most of the attention, but an editorial in The New York Times on Saturday makes other demands dealers and lenders are sure to dislike.... Read More »

 

NADA, AFSA dispute New York Times editorial on subprime auto loans

12:01 am U.S. ET | Aug. 13, 2014
Auto dealer and lender groups are howling in protest at an editorial in Saturday's New York Times that equated subprime auto loans with subprime mortgages. The groups insist there is no comparison between the two types of loans. At the same time, a recently disclosed U.S. Department of Justice investigation into subprime auto loans is very much part of the debate.... Read More »

 

Q&A

Flat fees for F&I products? It's possible

12:01 am U.S. ET | Aug. 13, 2014
It's a matter of "when" rather than "if" U.S. regulators will force auto lenders to switch to flat fees from dealer reserve, says John Pappanastos, CEO of EFG Companies, a major F&I administrator. Flat fees for F&I products could follow, he says. And if that happens, he says dealerships likely will reap lower revenues per vehicle and try to make up for it by selling F&I products to a greater share of customers.... Read More »

 

UK dealer Lookers expects record full-year profit

Aug. 13, 2014 09:25 CET
Britain's fourth-largest car dealer, Lookers, expects to post a full-year pretax profit of more than 60 million pounds (75 million euros) after record sales lifted its pretax profit by 36 percent in the first half.... Read More »

 

TrueCar growing at faster pace than strong U.S. vehicle market

5:41 pm U.S. ET | Aug. 12, 2014
TrueCar, the online car-shopping site that went public with its stock in May, is growing its sales and dealer network faster than overall U.S. vehicle sales and faster than analysts expected.... Read More »

 

GM hails Opel dealership take-up in European turnaround plan

2:37 pm U.S. ET | Aug. 12, 2014
General Motors' European transformation is gathering pace, with the vast majority of its former Chevrolet dealers in the region now selling only Opel-branded vehicles to boost the once-flagging brand, the automaker said today.... Read More »

 

Shanghai GM contacted by regulators as rivals pressured to cut prices

7:08 am U.S. ET | Aug. 12, 2014
General Motors said its joint venture in China was contacted by the nation’s antitrust regulator amid an industry investigation that has seen at least seven foreign carmakers cut prices.... Read More »

 

High-tech toys drive service contract sales

12:01 am U.S. ET | Aug. 11, 2014
In-vehicle, high-tech toys and consumers' urge to protect them are driving sales of extended service contracts, some finance and insurance professionals say.... Read More »

 

Freeze! It's the Honda ad police

12:01 am U.S. ET | Aug. 11, 2014
An extension of Honda's marketing department in the United States keeps a close watch on the activities of dealers who participate in the brand's dealer marketing allowance program and cracks down on any who violate strict rules on what dealers can and can't say in their advertising.... Read More »

 

Florida dealer opts out of deal to be COO of new company

1:19 pm U.S. ET | Aug. 11, 2014
Florida dealer David Maus is bowing out of a deal to become COO and part owner of a new South Carolina dealership holding company called First Team Automotive Group.... Read More »

 

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