Volkswagen will pay $1.2 billion to settle U.S. dealer claimsFri, 30, Sep 2016
Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of a $16.5 billion diesel emissions settlement. VW dealers will receive an average of $1.85 million each, on average, over 18 months under the settlement.
FTC charges Sage Auto Group with deceptive, unfair sales and financingThu, 29, Sep 2016
The Federal Trade Commission today charged Sage Auto Group with using deceptive and unfair sales and financing tactics, including so-called “yo-yo” financing.
Kia's posh Telluride has 'good chance' to move forward, Schreyer saysThu, 29, Sep 2016
Peter Schreyer, Kia and Hyundai's chief design officer, is optimistic the Telluride will be approved for production following a positive reception for a concept shown at the Detroit auto show. The production version of the Telluride, the largest SUV or crossover in the Kia lineup since the Borrego was dropped, would maintain the general size and proportions of the concept.
U.S. auto sales expected to fall in Sept. for second straight monthThu, 29, Sep 2016
U.S. new-vehicle sales are projected to decline for a second consecutive month, even as incentive spending reaches a record high. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession.
U.S. dealerships' employee retention slides, study findsWed, 28, Sep 2016
U.S. car dealerships suffer from rampant employee turnover, an industry study released today found. In fact, the three-year employee retention rate at dealerships reached a new low last year, dropping two percentage points to 45 percent, vs. a 67 percent rate in the overall U.S. nonfarm private sector.
Dealer's hard line on recalls is costing himMon, 26, Sep 2016
At his Florida Toyota dealership, Earl Stewart implemented a hard-and-fast ban on selling used cars with unrepaired safety recalls. He won't even wholesale used cars with open recalls. It hasn't been easy.
Golf icon Arnold Palmer also was an auto industry playerTue, 27, Sep 2016
Golf legend Arnold Palmer took many of his business endeavors into the automotive industry, endorsing his beloved Cadillac and longtime partner Hertz as well as owning six General Motors and Ford dealerships in five states.
Cadillac offers a way out, not a pushMon, 26, Sep 2016
Cadillac says it isn't trying to push small dealers out. It's just giving them a simpler alternative to what brand boss Johan de Nysschen warns will be a “long, arduous and challenging journey.”
Cadillac offering buyouts to 400 smaller U.S. dealersFri, 23, Sep 2016
Cadillac is offering its 400 smallest U.S. dealers as much as $180,000 if they would rather give up their franchise than make the investment necessary to meet a host of new standards being imposed by the brand.
A dealer's nightmare: $2 million embezzledMon, 26, Sep 2016
Ford dealer O.C. Welch was stunned a year ago to find out his assistant comptroller was embezzling from him. On Sept. 15, she was sentenced to eight years in prison for stealing nearly $2 million from Welch's South Carolina dealership.
Ex-refugee is right at home selling carsMon, 26, Sep 2016
When Ron Marhofer Chevrolet hired Bishnu Rai a year ago, it gave the group an opportunity to grow sales among the Bhutanese and Nepalese that have immigrated into the Akron area. Rai is on track to earn 50 percent more than he did at his previous job.