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April 6, 2010

Incentives Drive 24.3 Percent Surge in March Sales

Fueled by attractive incentives, U.S. automakers sold 1.07 million units in March – the best month since the federal government’s Cash for Clunkers program sent sales skyrocketing last August.

March 26, 2010

Chrysler Group LLC Reinstates 50 Dealers

Chrysler Group LLC announced March 26 that it intends to reinstate 50 arbitrating dealers whose contracts were rejected as part of OldCarCo’s bankruptcy proceedings last year.

March 9, 2010

GM to Reinstate 661 Dealers

General Motors announced last Friday that it intends to reinstate more than half of the dealers appealing the loss of their franchise agreements, a day after two U.S. Congressmen sent a strongly worded letter asking GM and Chrysler to stop awarding new franchises in areas where dealers are awaiting arbitration hearings.

March 5, 2010

Lawmakers to GM, Chrysler: No New Stores in Disenfranchised Markets

Congressmen Pete Hoekstra of Michigan and Steven LaTourette of Ohio have sent a strongly worded letter to General Motors Corp. Chairman Ed Whitacre and Chrysler LLC CEO Sergio Marchionne, asking the OEM heads to halt new franchises in markets where formerly franchised dealers are awaiting reinstatement hearings.

March 1, 2010

Primed for a Comeback

With the capital markets on the mend, special finance could be on the comeback trail, that’s if bank regulators and financial services reform don’t get in the way. Insider breaks down the market.

February 1, 2010

The Gift That Keeps on Giving

Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.

January 1, 2010

Rebuilding Floorplan Financing

Despite signs of retail financing beginning to loosen up, dealer financing remains a major concern. It’s one of the reasons why the NADA is stepping up efforts to restart the market.

December 8, 2009

Legislative Effort Moves Forward Despite Promises From GM and Chrysler to Address Dealership Closures

Despite General Motors and Chrysler announcing comprehensive plans to resolve concerns by dealers who were cut or are winding down, the National Automobile Dealers Association (NADA) continued this week to pursue legislation to reverse dealer terminations.

December 7, 2009

Every GM Vehicle Sold Costs Taxpayers $12,200

According to a recent report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the beginning of 2011, and $7,600 for every Chrysler vehicle sold.

November 10, 2009

GMAC Will Fuel Chrysler’s Comeback

Chrysler Group officials made it clear last Wednesday that securing the financing needs of its dealers will be key to realizing its $500 million, five-year plan. GMAC responded the following day by saying that it’s quickly ramping up efforts to becoming the preferred financing source of Chrysler dealers and customers.