134 Articles
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New Jersey votes against Tesla, stores may close April 1

Doesn't New Jersey Gov. Chris Christie have enough people mad at him already? Apparently not, since more than a few folks who like Tesla Motors are ready to get riled up. The governor is already embattled via his office's alleged role in a scandal involving politically-motivated lane shut-downs to the George Washington Bridge. And with him now deciding to let the state's motor-vehicle commission rule on allowing for Tesla to own its dealers, Tesla

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Ally to pay $98M to settle ethnicity-based discriminatory lending practice probe

Ally Financial has agreed to pay a $98-million fine to settle an investigation into unfair lending practices overseen by the Justice Department and the Consumer Financial Protection Bureau (CFPB). In an investigation of lending practices in the year after April 2011, the government agencies determined that Ally Financial and Ally Bank charged roughly 235,000 Asian/Pacific Islander, Black and Hispanic borrowers higher interest rates than their credit profiles warranted and higher rates than white

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Slumping VW rolls back US sales targets

After three years as one of the fastest-growing car brands in the US, Volkswagen has hit a sales rut, and it can't get out. In response, Volkswagen Group of America downgraded VW's 2013 US vehicle sales target to 440,000, from the original target of about 486,000, reports Automotive News.

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North Carolina targets Tesla, considers banning direct-to-consumer sales

North Carolina is the latest state to line up against Tesla Motors by proposing a bill that would bar direct automaker-to-customer sales within the state, the Raleigh News & Observer reports. Still, Tesla says plans to open a showroom there and has sold about 80 cars to North Carolina residents, with reservations for about 60 more.

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Carfax slapped with $50M antitrust suit by 120 dealers

In December 2012 Automotive News published a piece on dealers unhappy with Carfax, alleging that the most well known used vehicle history reporting company had maneuvered itself into a monopolistic position. Dealers were paying the price for it by being charged more for Carfax reports than they'd have to pay for those from similar agencies, and there was nothing they could do abo

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Tesla faces increased dealer opposition to opening stores in Minnesota

Yes, MADA's a little, uh, mad, about the prospect of Tesla Motors opening stores in the Land 'o Lakes. Tesla is facing increased opposition from Minnesota auto dealers to the California-based electric-vehicle maker's plans to open stores in the state, Automotive News reports.

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Mild hybrid Malibu Eco with eAssist not meeting GM's sales targets

General Motors is getting some bad news about its eAssist mild hybrid technology – it's not very popular. That's being made clear by soft sales for the highest-volume eAssist model, the 2013 Chevrolet Malibu Eco.

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How social media is changing the way car defects and complaints are discovered

Social media can allow direct and faster access to a person, a group or discussion of an issue, and that has led to wide ranging players in the automotive world figuring out how to use it in order to improve performance. Dealers encourage customers to use sites like Google+ and DealerRater.com for reviews, automakers like Hyundai and Jonathon Ramsey

Massachusetts dealers appeal ruling in Tesla store case

Massachusetts auto dealers are not taking "no" for an answer when it comes to Tesla Motors. On Tuesday, the Massachusetts State Automobile Dealers Association and other dealer plaintiffs filed an appeal after a court dismissed their lawsuit against Tesla's factory-owned stores on December 31, 2012.

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Gangnam Style and Swagger Wagon influence makes it to local Hyundai dealer ads

It used to be that a wild car dealership commercial meant a screaming frontman in a hideous suit making terrible puns and begging for you to help him out of some terrible predicament having to do with surplus inventory. No more – as production values have increased so has the number of commercials to so unusual that you spend the first few seconds trying to believe what you're seeing.

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More car dealers capping finance and insurance products amidst ethics concerns

Automotive News reports a larger number of dealers are scaling back the markup on their finance and insurance products as well as aftermarket service plans in an effort to avoid the ire of regulators. There are no industry numbers on how many dealers use self-imposed caps on how much they can charge their customers for these servic

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Why Google is frustrating your local car dealer

Car salesmen have long ranked among the most universally reviled members of society, just south of real estate agents and lawyers. But the past decade has seen the plaid sports jacket and gold chain crowd doing much to bolster their image, with many auto dealers building impressive online reputations by cultivating positive customer feedback.

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Car dealerships selling more cars per store than ever before

A consulting firm has boosted its auto sales estimate for 2012 to 14.3 million vehicles, but the big news is that, in aggregate, dealers are again making money selling cars.

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How BMW gamed its dealership system to sell more cars

We've seen it before and we'll see it again, quite possibly before the end of the year: A luxury brand padding its numbers with questionable "sales." This time it's BMW, according to a report in The Wall Street Journal, although there have been rumors of arch-rival Mercedes-Benz d

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Analysts use Google Maps to count China's car inventory from space

Yankun Hou is an auto industry analyst at UBS AG who has won awards for his ability to predict the market. How is he so good at seeing the future of the industry? Satellite imaging.

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2013 Chevy Volt now available (randomly)

If you're a recent Chevrolet Volt buyer and noticed you've been getting a few more miles out of your all-electric range than you expected, you might've gotten next year's version of the extended-range plug-in.

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GM suing to shut down eight dealers that missed targets

Eight General Motors dealers are being sued by the automaker, which is seeking to revoke their franchises and purchase the dealerships assets in the wake of poor 2011 sales. According to Automotive News, the dealers are among the 700 who filed for arbitration when GM targeted them for closure during its 2009 bankruptcy.

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Values of small used cars fall in lockstep with gas prices

The Detroit News reports used small-car prices are plummeting right along with fuel prices. The news comes courtesy of a National Automobile Dealers Association study, which says gas prices have dropped an average of 3.5 percent compared to last year. In yet another shocking reminder of just how short buyers' memories can be, analysts predic

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Values of small used cars fall in lockstep with gas prices

The Detroit News reports used small-car prices are plummeting right along with fuel prices. The news comes courtesy of a National Automobile Dealers Association study, which says gas prices have dropped an average of 3.5 percent compared to last year. In yet another shocking reminder of just how short buyers' memories can be, analysts predic

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NADA, J.D. Power shack up

J.D. Power and Associates created the Power Information Network (PIN) in 1993 to collect and analyze dealer transactions on new and used cars. Power uses the data from more than 10,000 dealerships to "improve business for automotive dealers, manufacturers, lenders, and other companies in the industry." The wider use of consumer data captured at the point-of-sale is what concerns dealers, and it's probably that reasoning which has led to the

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