Sales
MARCH U.S. AUTO SALES

March sales begin like a lion, thanks to Toyota, GM incentives

3:27 pm U.S. ET | March 11
Fresh Toyota and General Motors incentives boosted the U.S. auto market in early March to the fastest sales pace this year, the auto data Web site Edmunds.com said today. In the first eight days of March, the U.S. seasonally adjusted annualized sales rate was 12.5 million units, said Edmunds.... Read More »
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Whitacre: GM is on track for pre-June loan repayment

4:00 pm U.S. ET | March 10
General Motors Co. will pay back roughly $8 billion in debt to the United States and Canada before June, CEO Ed Whitacre said today. That repayment schedule would be quicker than the automaker has promised.... Read More »
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THE TOYOTA RECALL CRISIS

Incentives expected to help Toyota boost sales 30% in March

3:00 pm U.S. ET | March 10
New incentives are boosting Toyota’s U.S. sales big time in early March, and analysts forecast a 30 percent bounce for the full month. After Toyota brand sales fell 10 percent in February as it struggled with safety recalls, on March 1 Toyota Motor Sales U.S.A. Inc.... Read More »
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Dealers

Banks dominate auto finance, overtaking captives

2:20 pm U.S. ET | March 11
The shake-up among auto lenders touched off by the credit crisis in 2008 continued last year, with banks and credit unions emerging as winners, according to Experian Automotive's AutoCount ranking.... Read More »
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Finance & Insurance

Congressional panel says GMAC has no business plan; suggests break up

4:30 pm U.S. ET | March 11
GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said today.... Read More »
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Marketing

GM’s Suburban gets a free ride in ‘Crazy Heart’

12:35 pm U.S. ET | March 10
So how much did General Motors Co. pay to place a well-worn 1978 Chevrolet Suburban in a prime role in the hit film ‘Crazy Heart’? The truck was driven by leading man Jeff Bridges -- ironically, the voice of Hyundai commercials.... Read More »
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Remarketing

SmartAuction will handle used-car disputes

12:01 am U.S. ET | March 8
GMAC Financial Services now will arbitrate disputes for dealers who find previously undisclosed problems with vehicles they bought through GMAC's SmartAuction online remarketing channel -- no matter the seller.... Read More »
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Service & Parts
THE TOYOTA RECALL CRISIS

Toyota Prius acceleration incident reported in New York

12:01 am U.S. ET | March 11
U.S. federal regulators said they were looking into a report of another runaway Toyota Prius, this one in Westchester County, N.Y., where police said a woman pulling out of a driveway zoomed across a busy street and into a stone wall.... Read More »
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NADA

Store profits up in '09; cost cuts help offset weak revenues

12:01 am U.S. ET | March 1
The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. The average dealership's net pretax profit margin rose to 1.5 percent in 2009 from 1.... Read More »
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