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Auto Dealer News

Auto Dealers news continually updated from thousands of sources around the net.

1 hr ago | WLOX-TV Biloxi

Estrabrook to chair Hancock Holding Company

Veteran Gulf Coast business and civic leader James B. "Jim" Estabrook, Jr., will assume responsibilities as Chairman of the Board of Hancock Holding Company, the parent of Hancock Bank.

Comment?

Related Topix: Hancock Holding, Banking, Financial Services, Biloxi Metro, Pascagoula, MS, Gulfport, MS, Moss Point, MS

5 hrs ago | AutoblogGreen

New Hyundai Assurance provision locks gas at $1.49/gal for one year [w/VIDEO]

Hyundai is piling on additional incentives to boost its Assurance program as the industry heads into the dog days of summer.

Comment?

Related Topix: Hyundai Elantra, Hyundai, Automakers, Retail

9 hrs ago | Desert Sun

Chrysler's product lineup struggles on lots

DETROIT - The latest numbers on auto sales show that Chrysler needs to quickly figure out how to navigate the car market as deftly as it did bankruptcy court.

Comment?

Related Topix: Economics News, Bankruptcy, Honda Odyssey, Honda, Northville, MI

13 hrs ago | Town Hall

GM says if sale not approved it...

General Motors Corp would be forced into liquidation if its proposed asset sale were not approved despite urging from dissident bondholders that another course be pursued, the company's lead bankruptcy lawyer said on Thursday.

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Related Topix: GMC GM, GMC, Cadillac, Chevrolet, Economics News, Bankruptcy

17 hrs ago | KHQ-TV Spokane

'Cash for Clunkers' rules being finalized

Last Thursday, President Obama signed a new car sales stimulus bill into law. If you have an old gas guzzler in the driveway, it may now be worth a lot more than you think.

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21 hrs ago | Bloomberg

U.S. Auto Sales Fail to Reach 10 Million Rate as GM, Toyota Miss Estimates

U.S. auto sales in June again failed to reach a 10 million annual pace as General Motors Corp.

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Related Topix: GMC GM, GMC, Toyota Motor, Automakers, General Motors, Honda Motor Co

Thu Jul 02, 2009

AutoWeek

Ford posts best June sales performance in down marketIn a month of...

A picture of Fusion sales were a bright spot for Ford in June. Fusion sales were a bright spot for Ford in June.

Comment?

Related Topix: Economics News, Bankruptcy, Detroit, MI, Autos

Sympatico Finance

Ford Canada leads June auto sales for first time in more than 50 years

Ford drove its Canadian auto and light truck sales higher in June as most of its major competitors retreated, resulting in the company rising to the industry's top spot for the first time in decades.

Comment?

Related Topix: Chevrolet Impala, Chevrolet

KAAL-TV Austin

Chrysler Financial to cut 9 percent of work force

DETROIT - Chrysler's former financial arm said Tuesday that it will reduce its work force by 9 percent, or more than 300 employees, as it restructures operations after losing its preferred lender status with the automaker.

Comment?

Related Topix: Overland Park, KS, Park, KS

WKYC

It's official: Car dealer Ganley announces run for U.S. Senate

Auto dealer Tom Ganley today officially announced that he's running for the Republican Party's nomination for the U.S. Senate.

Comment?

Related Topix: US News, George Voinovich, US Politics, US Senate, Republican

Q13.com KCPQ TV

Ford to increase 3Q production as top analyst says June could have been industry's best month

Citing better-than-expected sales and traffic at dealerships, Ford Motor Co. said Monday it plans to increase third-quarter production by 25,000 units - marking the automaker's second production hike in recent weeks.

Comment?

Related Topix: Ford Focus, Ford, Lincoln, Dearborn, MI

Wed Jul 01, 2009

KSWB-TV San Diego

Auto sales show signs of stability after tough year, but most June sales still worse than May

U.S. car and truck sales showed signs of stabilizing in June after a year of sharp declines, but every major automaker except Honda Motor Co.

Comment?

Related Topix: Economics News, Bankruptcy, GMC, GMC GM, Pontiac

The Huffington Post

California's Ailing Economy Could Prolong US Recession

California faces a $24 billion budget shortfall, an eye-popping amount that dwarfs many states' entire annual spending plans.

Comment?

Related Topix: California, California Government, US Politics, Brad Sherman, US News, US House of Representatives, Democrat

Tue Jun 30, 2009

www.cashforclunkersfacts.com | brianpasch

Dealers Starting Cash for Clunkers (CARS) on July 1st Are Warned

The NHTSA is advising consumers and car dealers to wait until all the rules and procedures are in place for the Car Allowance Rebate System (CARS). The July 1st start date in the Cash for Clunkers bill is not a practical date to get a new national system in place.

The NHTSA has not started the online dealer registration process. A start date of July 23rd is a more realistic expectation according to NHTSA documents. Transactions completed before the rules are in place are at risk.

Comment?

Mon Jun 29, 2009

www.webwire.com | TCR-Marketing

Used Car Dealer in Ohio Predicts Impact of Cash for Clunkers Bill

ABC MotorCredit in Ohio specializes in affordable used cars for consumers with challenged credit. Often the car that these consumers can afford are under $5,000 in value. When the Cash for Clunkers program goes into effect on July 1st, many consumers will trade in their vehicle worth $4,500 or less for a new, more fuel efficient vehicle.

The downside of the Cash for Clunkers program is that the used cars that are turned in will be crushed, leaving less available inventory for buy here pay here and used car dealers in Ohio to make available to their customers. ABC MotorCredit predicts that if the Cash for Clunkers program is popular, some of the Ohio used cars that they typically carry will be crushed. The net effect is that for many used car buyers in Ohio, auto prices will go up $1,500 – $2,000. This will present a challenge for credit strapped consumers looking for cheap but reliable transportation.

Comment?

Sun Jun 28, 2009

www.cashforclunkersfacts.com | brianpasch

Toyota Grabs Pole Position in Cash for Clunkers Sales Race

An independant website tracking consumer interest in the Cash for Clunkers bill releases data that shows Toyota cars lead the way in consumer interest for new cars sales provisioned under the NHTSA CARS program.

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Related Topix: Science / Technology, Internet

Press-Enterprise

Calif. to pay owners to scrap high-pollution cars

California regulators expanded a state car-scrapping program Friday to provide incentives of as much as $4,000 to motorists who surrender high-polluting vehicles and replace them with cleaner cars.

Comment?

Related Topix: California, California Government, San Joaquin, CA

Sat Jun 27, 2009

www.cashforclunkersfacts.com | TCR-Marketing

NHTSA Sets Anti-Fraud Measures For Clunkers Program

The Cash for Clunkers bill has now been handed over to the National Highway Safety Administration (NHTSA) and the official website for the program is www.CARS.gov. The website is an acronym for Car Allowance Rebate System (CARS) and the program should be implemented in late July accord to the NHTSA website.

Consumers and car dealers who will be participating in the CARS program are warned not to mess with Uncle Sam. According to a new page added to the official CARS website (www.CARS.gov) the NHTSA is advising consumers and car dealers to play by the rules.

With up to a $4,500 cash rebate on the line, some people may be thinking of ways to defraud the government by falsifying documents or not crushing cars that are meant to be taken off the road. Our advice is to stay away from anyone suggesting that they can beat the system. Penalties can be as high as $15,000 per offense.

Comment?

Fri Jun 26, 2009

www.cashforclunkersfacts.com | TCR-Marketing

Cash For Clunkers Program Draws Fire From Car Owners

The top complaint expressed by US consumers over the Cash for Clunkers program, which is now called CARS, is that the EPA miles per gallon estimates that NHTSA will be using to qualify their cars are not practical or accurate based on their actual gas mileage.

From hundreds of emails and calls to the Cash for Clunkers Facts website (CashforClunkersFacts.com ) consumers are disappointed that the combined MPG ratings for their car, as shown on http://fueleconomy.gov , are nowhere close to what they are getting.

Consumers tell stories that they own cars get 16 mpg when the Federal website says that the same car gets 4-6 miles per gallon higher, which disqualifies them from receiving a cash voucher. Consumers feel cheated that they are locked out of a cash voucher based on data that is not reflective of their situation.

Read consumer comments: CashForClunkersFacts.com

Comment?

The Sydney Morning Herald

OzCar: Turnbull opens fire again

Opposition Leader Malcolm Turnbull has opened another rowdy question time in parliament by trying to broaden the scope of the coalition's OzCar attack on the prime minister.

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