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January 12, 2017 - Industry News

Autodata: December Sales Push 2016 New-Vehicle Sales Above 17.5 Million

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen

December 7, 2016 - Industry News

Bomnin Chevrolet Acquires Grand Prize Chevrolet

After two years of negotiation, Bomnin Chevrolet has acquired Grand Prize Chevrolet. The acquisition of the West Kendall, Fla.-based dealership expands Bomnin Chevrolet’s footprint in the Miami area, allowing the operation to offer service to customers in more than one location.

Tags: Acquisition, Chevrolet, Florida, GM

December 6, 2016 - Industry News

New-Vehicle Sales Rise 3.7% in November, Autodata Reports

The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.

Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen

April 12, 2016 - Industry News

GM Financial Breaks Ground on New Financial Servicing Center

General Motors Financial Company Inc. broke ground on a new financial servicing center in San Antonio, Texas, on Monday. When completed in the Spring 2017, the 100,000-square-foot facility will represent the fifth servicing center in North America for the captive finance company.

Tags: Construction, GM, GM Financial, Servicing Center

June 11, 2013 - Industry News

2014 GM Models to Include New Maintenance Plan

The two-year/24,000-mile program covers four service visits in a 24-month period. It’s also transferrable to subsequent owners.

Tags: auto, dealer, F&I, GM, Service, Vehicle Maintenance

April 9, 2013 - Industry News

GM Testing Facebook Advertising

After pulling a reported $10 million annual ad spend with Facebook last May, General Motors is back on the social media site. This time, the automaker is testing mobile ads.

Tags: $10 million, ad spend, advertising, Facebook, General Motors, GM, paid advertising, Stephanie Forshee

January 29, 2013 - Industry News

GM Sues Iowa Dealer for False Reporting

General Motors sues Iowa dealer for damages and injunctive relief for falsely reporting sales and allegedly transferring vehicles that resulted in GM awarding the dealer with thousands of dollars under the GM Standards for Excellence program.

Tags: Davenport, dealer, Don Reese, false reporting, fraud, General Motors, GM, GM Standards for Excellence program, incentives, Iowa, Lawsuit, Leep Chevrolet, Lujack Chevrolet

January 3, 2013 - Industry News

December and Year-End Sales Spike

Carmakers reported a favorable December and year-end sales. Mercedes and BMW posted record sales for the year, while Mazda realized its best December since ’94. Volkswagen also posted its best month since 1970 and its best year since 1973.

Tags: 2012, Auto Industry, BMW, Car Sales, Chrysler, December, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Nissan, sales, Toyota, Vehicle Sales, Volkswagen

December 20, 2012 - Industry News

Treasury to Exit GM Investment in 12-15 Months

The U.S. Department of the Treasury will remove itself from GM investments within 12-15 months by selling off its 500 million shares of common stock — 200 million back to GM, and the remainder through “various means.”

Tags: bailout, General Motors, GM, Investment, Stock, Troubled Asset Relief Program, U.S. Department of Treasury

December 11, 2012 - Industry News

<em>Forbes</em>: Top Advisors Recommend Buying GM, FIAT Stock in 2013

General Motors and FIAT made the cut in Forbes’ recent list of ‘12 Stocks to Buy in 2013.’ The publication spoke with 12 top advisors to get their recommendations.

Tags: Fiat, Forbes, General Motors, GM, Investment, Stock

December 6, 2012 - Industry News

GM Adds Digital Air Strike as Certified Partner

General Motors certifies Digital Air Strike’s reputation management solution, which will be made available to the carmaker’s Standards for Excellence dealers.

Tags: dealer review, Digital Air Strike, General Motors, GM, online reputation management, review sites

August 16, 2012 - Industry News

Wells Fargo Expands GM Relationship, Eyes Other Automakers

Wells Fargo officials told Bloomberg that it would like to expand its relationship with General Motors. A bank official also said the company is interested in expanding its offerings to other automakers.

Tags: Ally Financial, Bloomberg, GM, SEC, Wells Fargo

August 14, 2012 - Industry News

GM Bids to Reacquire Parts of Ally

GM Financial made a bid for Ally’s operations in Canada, Mexico, Europe and Latin America, a move that could more than double the captive finance company’s consolidated assets.

Tags: Ally Financial, General Motors Co., GM, GM Financial, SEC filing

July 31, 2012 - Industry News

GM’s Chief Marketing Exec Resigns

The executive responsible for dropping Facebook from the automaker’s ad budget departs after two years as head of GM’s marketing team.

Tags: Alan Batey, Bloomberg, Facebook, General Motors, GM, Joel Ewanick, marketing

July 24, 2012 - Industry News

Japanese Carmakers Stage Loyalty Comeback in Q1, Experian Reports

Japanese automakers make strong post-earthquake/tsunami corporate loyalty comeback in Q1 2012, according to Experian Automotive market trend analysis.

Tags: corporate loyalty, Experian, Experian Automotive Industry report, Ford, GM, Japanese automakers, Market Trend Analysis

July 10, 2012 - Industry News

Government Watchdog Calls for GM, Ally Exit Plan

Government watchdog to testify today about the need for the Obama administration to come up with a plan to sell the government's stake in General Motors and its former captive finance arm.

Tags: Ally, Christy Romero, General Motors, GM, TARP, US Treasury

July 3, 2012 - Industry News

Honda, Toyota Record Record-High Transaction Prices, TrueCar Reports

According to TrueCar.com, Honda and Toyota held the record for transaction prices for the second straight month. All transaction prices were up except for Ford and General Motors.

Tags: Ford, GM, Honda, Toyota, transaction prices, TrueCar, TrueCar.com

August 27, 2010 - Industry News

Vehicle Sales Could Use Stimulation, Says Edmunds

This month's new-vehicle sales (including fleet sales) are expected to be 1,028,200 units, a 17.7 percent decrease from August 2009 and a 1.4 percent decrease from July 2010, according to Edmunds.com.

Tags: Cash for Clunkers program, Chrysler, Edmunds.com, Ford, GM, Honda, monthly sales, Nissan, Toyota

June 26, 2009 - Industry News

Vehicle Sales Expected to Reach 10 Million, Says Edmunds.com

This month's new-vehicle sales (including fleet sales) are expected to be 887,000 units, a 25.3 percent decrease from June 2008, but a 3.9 percent decrease from May 2009, according to Edmunds.com.

Tags: Chrysler, Edmunds.com, Ford, GM, Honda, Hyundai, Nissan, Toyota

April 28, 2009 - Industry News

GM’s Viability Plan Ends Run for Pontiac

Although yesterday’s unveiling of General Motors’ updated viability plan signaled the end of an 83-year-old brand and the potential sale of three others, some viewed the moves as a necessary and positive step toward turning around the automaker.

Tags: GM

April 27, 2009 - Industry News

Auto Sales to Increase in April, Says Edmunds.com

This month’s new-vehicle sales (including fleet sales) are expected to be 859,000 units, a 30.8 percent decrease from April 2008 and a 0.5 percent increase from March 2009, according to Edmunds.com.

Tags: Chrysler, Ford, GM, Honda, Hyundai, Nissan, Toyota

April 21, 2009 - Industry News

Government Gives More Aid to GM and Chrysler

The Obama administration set aside $500 million to help Chrysler LLC get through April, as it seeks to reach an alliance with Fiat, Reuters reported. It also set aside up to $5 billion through May to help General Motors Corp. restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said Tuesday.

Tags: Chrysler, GM

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