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