Showing results 1 - 25 of 26543
U.S. Bank Hires Tim Sullivan as National Sales Director in Dealer Services
U.S. Bank announces the addition of Tim Sullivan as a senior vice president and national sales director in the Dealer Services division. Sullivan will oversee the national dealer sales teams who work directly with the auto dealerships. andnbsp; Sullivan joins U.S. Bank from Bank of America Dealer
Tom Hudson of Hudson Cook shares 10 signs of a buy-here-pay-here dealer about to be shut down
FORT WORTH, Texas, Aug. 28, 2015 /PRNewswire-USNewswire/ -- Tom Hudson, Senior Partner and Chairman of Hudson Cook, today shared his Top 10 list of how to recognize buy-here-pay-here auto dealers who are on their way out of business. andnbsp; "In my 42 years practicing consumer financial services
Former Saab CEO charged with giving false testimony
STOCKHOLM (Reuters) - The former CEO of Saab Automobile,andnbsp;Jan Ake Jonsson, was today charged with giving false testimony when the aftermath of the Swedish company's bankruptcy played out in court. Jonsson was charged in a Swedish district court with giving false testimony over an import and
Plunging oil prices could affect auto delinquencies, TransUnion warns
Lost wages from plunging oil prices are expected to raise auto loan delinquencies in Canada, TransUnion says, and the company is watching for changes in the U.S. Auto loan balance and delinquency rates in both countries remained steady during the second quarter, but that could change, TransUnion ...
AutoNation August sales drop 5% on calendar quirk
AutoNation's U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year. New import-brand sales for the nation's largest new-vehicle retailer
VW should strengthen oversight of CEO Winterkorn
Volkswagen Group CEO Martin Winterkorn is set to receive a two-year contract extension that will allow him to continue in the post to 2018 andndash; long enough to see through his ambitious, decade-long strategy to replace Toyota as the top-selling global automaker. VW's 20-member supervisory board
Use the product menu to show levels of coverage
"The menu should become a solution to a problem," said Elgie Bright, automotive marketing and management program chair at Northwood University. "Have the customer select the coverage that offers the best combination of price, length of coverage and protection to meet their needs."
Will Gen Y push leasing sea change?
When millennials are itching to get into a brand new car, many look to leasing. Leasing made up 28.9 percent of new vehicles purchased by millennials in July, compared with 26.7 percent for buyers industrywide, according to Edmunds.com. Over the past five years, new-car leasing among millennials ...
Average U.S. new-vehicle mpg falls in August
The average stated fuel economy of new light vehicles sold in the United States fell in August and is down nearly 2 percent from the record high set a year ago, a University of Michigan report released today said. The average window sticker fuel economy of cars, light trucks, vans and SUVs sold in
Bill Ford says health care co-op possible in UAW talks
DETROIT (Bloomberg) -- Ford Motor Co. Executive Chairman Bill Ford said the company is considering a health-care co-op, an issue the UAW has raised in negotiations on a new contract. "We're discussing it and we'll see where it goes," Ford said of a co-op, which could pool care for about 295,000 ...
Equifax Launches Enhanced Lost Sales Analysis Tool for Automotive Lenders
ATLANTA, Aug. 26, 2015 /PRNewswire/ -- Equifax Inc. (NYSE: EFX), a global information solutions company, today announced the introduction of new features to its Lost Sales Analysis tool for guiding automotive lenders' business decisions based on analysis of their lost opportunities. andnbsp; First
Lincoln's captive launches free services for consumers
Lincoln's captive finance arm has launched a free credit monitoring and identity-theft protection package for all U.S. consumers who finance or lease with the lender. Lincoln Automotive Financial Services hopes the package, which became available to consumers July 31, distinguishes its offerings ...
Lease penetration rate warrants scrutiny, observers say
Leasing has accounted for a quarter of new-vehicle sales for more than a year. That might imply stability, but industry watchers say leasing penetration deserves close monitoring. With new-vehicle prices going up, many consumers lean toward leasing because they cannot afford new vehicles. Although
Maserati dealer sues factory, alleging padded sales
A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug.
From Hellcats to Heavy Duty Rams (9/2/15)
Hellcats to Heavy Duty Rams: FCA's 2016 lineup; Ford open to health-care pool; L-R's U.S. diesel debut; Model X decision time; Official Prius teaser.
German carmakers win U.S. antitrust approval to buy Nokia maps
WASHINGTON (Reuters) -- German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said today. The deal, which was announced in early August, was on the FTC's list of uncontroversial
Nissan marketing exec Mohnke adds U.S. sales duties
Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said today in a news release . His promotion comes after it was announced this morning that former Nissan U.S. sales chief Derrick Hatami left the Japanese automaker
Navistar reports a surprise Q3 loss amid U.S. investigation
DETROIT (Bloomberg) -- Navistar International Corp., the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit. Navistar reported a loss of $28 million, or 34 cents a share, in the quarter ended July 31, ...
VW plans to extend CEO Winterkorn's contract until 2018
FRANKFURT -- Volkswagen Group plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech. VW today said its supervisory board's executive committee had proposed extending Winterkorn's contract. The
Why the momentum could last
August was another month that U.S. auto sales beat expectations. Did automakers go crazy on spiffs to hit the highest selling rate in a decade? Is the industry's vaunted discipline finally breaking down? No. Auto marketers are still standing back from the edge of 2009's pit of despair, though maybe
Mercedes S-class cabrio will bow in Frankfurt
Mercedes-Benz is adding a fourth convertible to its North American lineup: the S class. The German automaker will introduce the car this month at the Frankfurt auto show. Press days are Sept. 15 and 16. The S550 cabriolet, scheduled to arrive at North American dealers next spring, joins three other
Chinese supplier CW Bearing to build new U.S. headquarters near Detroit
CW Bearing USA Inc. will invest $25.9 million to build a new U.S. headquarters and technical center in suburban Detroit, Michigan Gov. Rick Snyder's office said. Snyder made the announcement earlier this week after returning from an eight-day trade mission to China, which included a visit with ...
Hyundai brings back Nissan's Hatami as U.S. sales chief
Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief. Nissan North America separately announced Dan Mohnke, its chief marketing officer, will take on Hatami's sales responsibilities. His
U.S. light-truck sales, Aug. and YTD
U.S. light-truck sales, Aug. and YTD Sheet1
U.S. Light-Truck Sales, AUGUST & YTD
Aug. 8 mos.
Aug. Aug. percent 8 mos. 8 mos. percent
2015.0 2014.0 change 2015.0 2014.0 change
U.S. total vehicle sales by make, Aug. and YTD
U.S. total vehicle sales by make, Aug. and YTD August
U.S. CAR AND LIGHT-TRUCK SALES,