Trending Auto Retail News
Tesla Motors Wins Lawsuit Against Auto Dealers in Massachusetts
Judge dismisses Massachusetts State Automobile Dealers Associates Lawsuit Tesla Motors won dismissal of a lawsuit brought by the Massachusetts State Automobile Dealers Association claiming Tesla was in violation of Massachusetts law by conducting sales within the...
Study: Consumer Intent to Purchase Electric Vehicles is Low, Varies By City
Bloomington, Indiana -- A study from the Indiana University School of Public and Environmental Affairs casts doubt on the Obama administration's goal of putting a million plug-in electric vehicles on the roads by 2015. But the study does find that consumers are more...
International Nameplate Automobile Dealers Announce Monthly Sales: Industry has Best Year Since 2007
Alexandria, VA – The American International Automobile Dealers Association (AIADA) today released December 2012 sales figures for the international nameplate automobile industry. AIADA represents America’s approximately 10,000 international nameplate franchises whose...
NFCC Poll Reveals Majority of Consumers Admit Financial Problems are Self-Inflicted
Washington, DC - According to the National Foundation for Credit Counseling (NFCC) December poll, when asked if their personal financial problems were self-inflicted or the result of events beyond their control, the overwhelming majority of respondents, 63 percent,...
What to Expect in Auto Dealer Compliance in 2013
2012 was a year of heightened consumer protection enforcement activity by federal regulators. The Consumer Financial Protection Bureau (“CFPB”) exercised its authority to enforce federal consumer protection laws by entering into three consent decrees with credit card...
Four Ways to Shift your Dealership Performance into ‘Overdrive’
“Dale, remember this. As the used vehicle department goes, so goes the entire dealership.” My dad offered this advice as I was taking over the used vehicle department at our Cadillac store. I don’t think his guidance was unusual for dealers of his era. In my dad’s...
AutoNation Announces December 2012 Retail New Vehicle Unit Sales of 27,958
FORT LAUDERDALE, Fla. -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced that its retail new vehicle unit sales in December 2012, as reported to the applicable automotive manufacturers, totaled 27,958, an increase of 15% as compared...
SFG Finance Announces Program Changes for 2013
ARLINGTON, Texas — SFG Finance LLC, a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today announced two major changes in SFG’s business model for 2013. First, a new scoring model for bulk purchases...
December Deals and Incentives Got a Head Start in November, Reports Edmunds.com
SANTA MONICA, Calif. — Even as automakers swarmed airwaves with year-end deals and promotions, automotive incentives remained stable in December, reports Edmunds.com, the premier resource for car shopping and automotive information. According to Edmunds.com’s True...
Transaction Prices in December 2012 Rise To Record High; Industry Incentives Decline Nine Percent From Last Year According to TrueCar
Industry Transaction Prices Highest Ever in December 2012; Industry Incentives Continue to Decline from 2011 SANTA MONICA, Calif. -- TrueCar, Inc. the authority on car pricing information, trends and forecasts, estimated today that the average transaction price for...
Avis Budget Group to Acquire Zipcar for $12.25 Per Share in Cash
PARSIPPANY, N.J. and CAMBRIDGE, Mass. -- Avis Budget Group, Inc. (NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per share in cash, a 49% premium over...
Direct Auto Loan Delinquencies Rise
Consumer Delinquencies Continue Decline in Third Quarter 2012 WASHINGTON – Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their financial base amid economic...
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