GM: No drop in Dealers' 2005 Model Orders
DETROIT — General Motors Corp. denied that dealerships were limiting orders of the company’s 2005 models because of the high number of remaining 2004 models on the lots, Reuters reported.
DETROIT — General Motors Corp. denied that dealerships were limiting orders of the company’s 2005 models because of the high number of remaining 2004 models on the lots, Reuters reported.
The Wall Street Journal reported that dealers are concerned that big incentives on 2004 models are not as effective with consumers who are worried about the economy.
Rick Wagoner, GM chairman and chief executive, told Reuters that 2004 model inventories are higher than in recent years, but that this has not effected 2005 orders.
Wagoner told reporters that GM’s third-quarter North American production was down 5 percent compared to last year during the same period.
GM has just begun its annual celebration of Detroit’s automotive industry, an event that draws classic car collectors from across the country, according to Reuters.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →