dealerships

General Motors just posted a 12-percent sales increase for the month of February, and now the automaker is hoping to continue its strong sales trend by offering 0 percent financing for 60 months on sales that occur during the month of March. Curiously, this announcement comes just a few days ...

If there's one vehicle that has managed to persevere through Chrysler's ups and downs as of late, it's the Jeep Wrangler. This trusty off-roader is still the SUV of choice for enthusiasts who actually need true four-by-four ...

This ended about how we predicted. You all no doubt remember McFly, the guy that won a legit eBay auction for a slightly used Hyundai Genesis Coupe 2.0T for $16,125. Problem was that the seller – Glenn Hyundai of Lexington, KY – felt the car was worth more ($19,700) and refused to ...

File this one under the dangers of mixing traditional Brick & Mortar business practices with the immediacy and transparency of the internet. Glenn Hyundai of Lexington, Kentucky placed a slightly used Hyundai Genesis Coupe 2.0T on eBay Motors. There was no reserve, and a gencoupe.com forum ...

One needn't be an Autoblog regular to be aware of the fact that the car industry has taken quite a drubbing over the past few years. The slump in our nation's economy has slaughtered sales, leading automakers to shutter thousands of dealerships nationwide. Chrysler Group LLC slashed 789 ...

In 2006, Ford began to shrink its dealership network in order to more efficiently align its distribution network. Three years later, it appears that the hardest hit are the company's stand-alone Lincoln-Mercury dealerships. While there were 619 Lincoln-Mercury dealerships nationwide just a few ...

Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being ...

The government's Cash for Clunkers program only got off the ground on Monday, yet 4,026 eligible vehicles were reportedly swapped out in the program's first day. The program already has 20,564 certified Clunkers dealers, which gives eligible customers plenty of places to to cash in on the federal ...

General Motors wants to shrink its dealer network by around 2,500 outlets and has sent closure notices to more than a thousand already. Still, the General has left a door open that allows affected dealers to appeal the decision and show proof of why they should not be cut from the herd. According ...

Cadillac is one of the core brands that will form the new General Motors, but the dealership network can't continue in its current guise, according to GM sales head Mark LaNeve. There are 1,422 Cadillac dealers nationwide, more than four times the number of Mercedes-Benz dealers and more than six ...

After the suggestion of Congressional hearings on the matter, Chrysler's Jim Press assured Senator Kay Bailey Hutchison (R-TX) that Chrysler dealers with leftover inventory after June 9 would "receive a fair and equitable value." It appears that Chrysler is making good on that promise. The ...

The soon to be terminated 789 Chrysler dealerships have all of five days to sell thousands of Chrysler, Dodge, and Jeep models, or else the damned dealers may have to eat their remaining inventory. When the termination letters went out on May 14, the pink-slipped dealers had 44,000 new cars and ...

On top of the 1,124 General Motors dealers that will be closed next year, the ailing automaker is reportedly going to announce another round of dealer closings on Monday when its bankruptcy declaration is expected. According to two Automotive News sources, 450 dealers will not see their dealer ...

The situations with GM and Chrysler are beginning to look like what happens after a fumble in an NFL game: a dozen men pile on top of each other all trying to get the ball. The difference in the case of GM and Chrysler is there are far more than two teams struggling for the prize. The latest to hop ...

A story in the New York Times shines a light on some reasons for the Committee of Chrysler Affected Dealers to challenge the car company's bankruptcy efforts. The element common to all of the dealers profiled is that they did extraordinary things Chrysler asked them to do, such as buy too many cars ...

In a special broadcast to dealers yesterday, General Motors' sales chief, Mark LaNeve, explained that the automaker would buy back unsold new vehicles and parts from dealerships slated to be phased out by the end of 2010, but GM wouldn't pay off dealers for their franchises.As reported earlier this ...

June 1, 2009 is turning into the equivalent of General Motors' D-Day, and every day seems to bring new events that are being planned in advance of it. GM had more than 6,000 dealerships at the end of last year, and in the initial viability plan it offered to the government, the automaker pledged to ...

Perhaps it began as an innocent experiment among dealer personnel: what would happen if three dealership executives all disappeared on the same day and 81 of the dealership's cars showed up at auto auctions in two other states? The answer to that question is that the FBI went bird-dogging on the ...

Dealerships dropped like flies in 2008, with 881 retail stores resigned to history at year's end. The steep drop in vehicle sales and difficulty finding cash to finance inventories were the main reasons for the record decline, but 2008 won't likely hold that title very long. While vehicle sales ...

Dealership rationalization was something General Motors was looking at well before the economy went pear-shaped. GM still has more than 6,300 dealerships in the U.S., and it is even more important now to start shedding some of that financial burden. That is why The General told dealers at the NADA ...