Dealers

LINDSAY CHAPPELL

Legal settlement allows Mercedes to award dealership to Alabama's Nick Saban

12:01 am U.S. ET | Aug. 23, 2014
Mercedes' plan to award a dealer franchise in Alabama to Crimson Tide football coach Nick Saban and a business partner can move forward now that litigation with a longtime Mercedes dealer there has been settled. Terms of the settlement were not disclosed on Friday.... Read More »

 

THE GM RECALL

GM, with ignition parts shipped, must now find recalled cars' owners

12:01 am U.S. ET | Aug. 23, 2014
GM has passed a significant milestone in its campaign to replace potentially defective ignition switches in millions of cars recalled worldwide: It cleared its backlog of parts orders. Now comes another tough task: Finding the roughly 1 million owners of cars covered by the recall who haven't contacted a dealership.... Read More »

 

Some 2015 Ford F-150 buyers will have to wait until next year

3:32 pm U.S. ET | Aug. 22, 2014
Some retail and all fleet customers who order their 2015 F-150s early won't see their trucks until February. Ford's 3,000 dealers in the United States will still get some stock by the end of the year, but customers who order a specific truck with unique trim and colors will have to wait until February to take delivery.... Read More »

 

Study sees dealership throughput breaking records in 2014

5:14 pm U.S. ET | Aug. 21, 2014
For the third consecutive year, U.S. dealership throughput -- the average number of vehicles sold per store -- is expected to break records in 2014, a study released today found. But the experts behind the study warn that a downturn is inevitable.... Read More »

 

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 »

 

JIM HENRY

Did dealers hurt themselves with the carve out?

12:01 am U.S. ET | Aug. 20, 2014
There’s no mistaking that federal regulators are serious about policing auto lenders. By extension, auto dealers feel they’ve got a big target on their backs, too.... Read More »

 

Auto loans could get boost from revamped FICO scores

12:01 am U.S. ET | Aug. 20, 2014
A planned update in the way FICO scores are calculated should help some borrowers qualify more easily for auto loans by putting less weight on overdue medical debt when calculating credit scores, according to Fair Isaac Corp.... Read More »

 

JAMIE LaREAU

Skipping wheel-and-tire was big mistake

12:01 am U.S. ET | Aug. 20, 2014
Wheel-and-tire insurance is a valuable product. There, I admit it. It's not the “snake oil” that a cynical friend once espoused it and other F&I products to be.... Read More »

 

Asbury targets underperformers, training as F&I gains stall

12:01 am U.S. ET | Aug. 20, 2014
Asbury Automotive Group's improvement in average F&I revenues per vehicle retailed has stalled this year. Like other publicly traded auto retailers, Asbury plans to concentrate on squeezing improvements out of its bottom performers in F&I revenue per vehicle retailed.... Read More »

 

Subprime auto loan growth is 'less pronounced' in context, Fed analysts say

12:01 am U.S. ET | Aug. 20, 2014
While auto lending is rising in all credit categories, subprime auto loans are growing the fastest because that segment dropped the most during the downturn, according to a study by four analysts from the Federal Reserve Bank of New York.... Read More »

 

JAMES B. TREECE

Searching far and wide for service techs

9:30 am U.S. ET | Aug. 20, 2014
How far is your dealership willing to go to get well-qualified service technicians? GM dealers in the Mideast went all the way to the Philippines.... 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 »

 

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