Westward Expansion
As the industry recovers, California continues to serve as the bellwether state for car sales nationwide.
As the industry recovers, California continues to serve as the bellwether state for car sales nationwide.
The national dealer trade group selected Peter K. Welch, president and CEO of the California New Car Dealers Association, as its new president.
The California market realized its 14th consecutive quarterly increase in new-car sales. The state dealer group predicts dealers will close out 2012 with nearly 1.6 million units sold.
The state's dealer group reports that new-vehicle registrations for the first quarter increased 17.7 percent vs. a year ago, and predicts that California dealers will deliver 1.5 million units this year.
DealerTrack Registration and Titling Services Group is helping California dealers comply with a new state law that will take effect in July. It will require that all used vehicle offered for sale have a vehicles history report pulled from the National Motor Vehicle Title and Information System (NMVTIS).
The California New Car Dealers Association (CNCDA) reported that California’s franchised new-car dealers sold more than 1.29 million new cars and trucks in 2011 — a 9.9 percent improvement over 2010.
The California New Car Dealers Association announced that vehicle registrations have increased 9.4 percent vs. last year, marking the ninth consecutive quarterly increase.
Reynolds has partnered with the California New Car Dealers Association to jointly develop an F&I forms library that will be made available to California dealerships in both paper and electronic formats.
Second quarter sales slowed due to production shortages from the Japanese earthquake and the anticipated lowering of the state sales tax rate on July 1, according to a California New Car Dealers Association.
Legislation aimed at amending a California law that prohibited the inclusion of deductible coverage in the sale of GAP was signed into law by Gov. Jerry Brown last Monday, ending a four-month effort led by several trade organizations and an F&I product provider.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In