Dealers
AUGUST U.S. SALES
U.S. auto demand falls to weakest level since February
11:02 am U.S. ET | Sept. 1
U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August's seasonally adjusted annual sales rate of 10.8 million units fell from 11.6 million in July and was well below analysts' forecasts.... Read More » Comments [0] | Recommendations [0]
AdvertisingFord to keep N.A. production stable in Q3
5:06 pm U.S. ET | Sept. 1
Ford Motor Co. will hold fourth-quarter North American production at the same level as the third-quarter of this year and down slightly from the last quarter of 2009 because of the economy's modest recovery and lackluster consumer spending. “Elevated savings rates are dampening spending,” and buyers are replacing cars on an as-needed basis, said Emily Kolinksi Morris, Ford's senior U.... Read More »GM posts gains for 3 of 4 brands, but Chevy down 22%
5:10 pm U.S. ET | Sept. 1
General Motors Co. posted strong August sales at three of its four remaining brands. But Chevrolet, struggling with tough comparisons against last year's cash-for-clunkers bonanza, posted a 22 percent drop in sales, dragging overall demand for the automaker's core brands down 11 percent last month.... Read More »AUGUST U.S. SALES
Toyota sales plummet, but still lead retail race
4:39 pm U.S. ET | Sept. 1
Toyota Division sales may have fallen 34 percent in August -- and are now down 1 percent for the year to date -- but General Manager Bob Carter isn’t panicking. Toyota was the No. 1 beneficiary of cash-for-clunkers trade-ins last August, representing more than 50 percent of sales. That gave Toyota a tough mark to equal this year.... Read More »Congressman who sponsored dealer exemption may be investigated over fundraising
2:36 pm U.S. ET | Sept. 1
Rep. John Campbell, a California Republican who is a former auto dealer, said the House's independent ethics arm has recommended that he be investigated for possible violations involving fundraising.... Read More »Auto loan delinquencies dip; credit terms ease, new report says
3:43 pm U.S. ET | Aug. 31
Automotive lending continued to rebound in the second quarter, with loan delinquencies falling for the second consecutive period, Experian Automotive said in a new report. And in another sign credit is becoming more widely available to new-car shoppers, lenders made a slightly higher percentage of auto loans to nonprime and subprime customers during the second quarter.... Read More »- Toyota, Japan brace for post-clunkers hangover
As a government program to replace older models with more fuel efficient vehicles ends, car sales...
Aug. 31, 12:30 pm U.S. ET - Chrysler seeks Fiat dealerships in 165 U.S. locations at launch
Chrysler Group LLC wants Fiat dealerships in about 165 U.S.
Aug. 30, 1:06 pm U.S. ET | UPDATED: 8/30/10 4:56 p.m. ET - Television remains a mainstay among GM marketing options
General Motors Co. marketing chief Joel Ewanick is bullish on TV.
Aug. 30, 10:01 am U.S. ET - Fiat intrigues dealers -- but questions abound
More than 500 dealers are expected to attend an event called "The Fiat Experience," scheduled for...
Aug. 30, 12:01 am U.S. ET - Sales expected to be sluggish as recovery lags, analysts say
The U.S.
Aug. 30, 12:01 am U.S. ET - Just a few years after some Ford dealers wanted to sell or split, blue-sky values rise
Eight months ago, Frank Bork sold his Ford dealership near Buffalo, N.Y., to Ford Motor Co.
Aug. 30, 12:01 am U.S. ET - Add social media to your ad mix | Aug. 30
- Mahindra trucks in, importer out? | Aug. 30
- Dealers | Aug. 30
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Sales
August 2010: a real clunker on the new-car sales front
5:57 pm U.S. ET | Sept. 1
Any way you look at it, August U.S. auto sales disappointed. Compared with “clunker August” a year ago, sales fell 21 percent. Compared with the month before, volume dropped 5 percent. Even seasonally-adjusted, it was the worst month since February. U.S. sales totaled 997,574 sales in August, down from 1,050,110 in July.... Read More »
Finance & Insurance
FINANCE & INSURANCE
Sonic tries no-haggle F&I prices
12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »
Marketing
Ford to drive on 'Vampire Diaries' to tap twist on social media
1:10 pm U.S. ET | Aug. 31
A Ford Fiesta won't crop up in CW's "Vampire Diaries" until early October, but the automaker is trying to get people to talk about it now, even though the fan-favorite show's second season won't hit the screen until Sept. 9.... Read More »
Remarketing
Prices of used SUVs, crossovers surge 30% from last year, Edmunds says
4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More »
Service & Parts
Hyundai Sonata steering probed by U.S. regulators
2:16 pm U.S. ET | Aug. 31
U.S. safety regulators have opened a preliminary investigation into claims Hyundai Motor Co.'s best-selling car in America, the 2011 Sonata sedan, may have steering problems. There have been no injuries or accidents reported to the National Highway Traffic Safety Administration or Hyundai regarding the steering issue, government and company officials said.... Read More »
NADA
As business improves, dealers increase their giving
12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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