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Auto Dealer News

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

1 hr ago | Rapid City Journal

Credit barely eases after Fed plans to buy paper

The grip on the credit markets loosened just barely on Tuesday after the Federal Reserve said it would buy commercial paper, the unsecured short-term debt that companies sell for their short-term cash needs.

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Related Topix: Home, Mortgage

5 hrs ago | Jacksonsun.com

Lawsuit: Bill Heard violated federal labor law

ATLANTA - The company with the nation's largest chain of Chevrolet dealerships violated federal labor law when it fired thousands of employees last month, according to a lawsuit filed by a former worker.

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Related Topix: Retail, Columbus, GA

10 hrs ago | WMBB

700 Auto Dealers to Likely Close

The chairwoman of the National Automobile Dealers Association says the credit crunch and economic problems are likely to cause 700 auto dealers to go under this year.

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14 hrs ago | NewsNet5

Economic Conditions Stall Car Sales

Tough economic conditions are adversely affecting car dealerships, slowing shopping traffic to a crawl and causing those who want to buy to have trouble getting a loan.

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18 hrs ago | PR-inside.com

Examine the U.S. Automobile Parts and Supplies Wholesales Industry...

The Automobile Parts & Supplies Wholesales report, published annually, contains timely and accurate industry statistics, forecasts and demographics.

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Related Topix: 9

22 hrs ago | MLive.com

Fitch downgrades Ford credit rating another notch

Fitch Ratings downgraded Ford Motor Co.'s credit rating deeper into junk status Monday as economic worries dragged down auto shares along with stock markets around the globe.

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Mon Oct 06, 2008

Palo Alto Daily News

Sales down at Peninsula car dealerships

Peninsula car dealerships said last week that their September sales numbers mimicked a national slump - and the situation may get worse for the notoriously slow months of October and November.

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Related Topix: Redwood City, CA, San Mateo, CA, Los Altos, CA

Dailyitem.com

Auto dealer faces tough times as economy sours

Employed too many people. Stocked too much inventory. Spent too freely on advertising.

Comment?

Related Topix: Mexico, PA, Scranton Metro, Wilkes-Barre, PA, Scranton, PA

Detroit Free Press

Ford takes second look at bringing tiny Ka to U.S.

DETROIT - Rising demand for small cars has pushed Ford Motor Co. to revisit its decision not to bring the tiny European Ka model to the United States, Ford's chief executive said today.

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Related Topix: Detroit, MI, Detroit Metro, Automakers, Ford Motor, Toyota Yaris

Sky News

Record Drop In New Car Sales

Sales of new cars in Britain fell by 21.2 per cent last month - the biggest September drop in nine years.

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Related Topix: Entertainment

Fort Worth Star-Telegram

Car loans harder to get

The era of easy auto loans has come skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze.

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Related Topix: Home, Mortgage, Personal Finance, Retail, Autonation, Credit Card Debt

The Modesto Bee

Modesto and Escalon car dealerships going out of business

Generation Motors in Modesto shut its doors Friday morning, an apparent victim of the sluggish economy that has toppled auto dealerships nationwide.

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Related Topix: Modesto, CA, Modesto Metro, Escalon, CA, Manteca, CA, Oakdale, CA

Sun Oct 05, 2008

Saginaw News

Credit crisis adds to pressures on auto dealers

Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about ...

Comment?

Related Topix: Ford, Ford Focus, Jeep, Jeep Grand Cherokee, Deal, NJ, Home, Mortgage

The Florida Times-Union

Americans eye bailout, and continue cutting back

Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the pubs, storefronts, car lots and malls of Main Street.

Comment?

Related Topix: US Politics, US News, 2008 Presidential Election, Small Business, Personal Finance, Morgantown, WV, Home, Mortgage

The Tennessean Nashville News

September car sales plunge

U.S. auto sales slid 27 percent in September from the same month last year, the industry's worst performance since February 1993, analysts said, and Nissan North America felt more pain than any other car maker.

Comment?

Related Topix: Automakers, Nissan Frontier, Nissan, Infiniti, Ford, Ford Crown Victoria

Local Breaking News

Cleveland-area car dealer sued by EEOC

CLEVELAND: The federal Equal Employment Opportunity Commission says it has filed a lawsuit alleging that a Cleveland-area car dealership subjected black employees to racial discrimination and retaliation.

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Related Topix: Law, Employment / Labor Law

Bloomberg Business News

BMW, Ford, Renault Say Slump in Auto Sales May Last Longer Than Estimated

Bayerische Motoren Werke AG , Ford Motor Co. and France's Renault SA said a slump in car sales may be more prolonged than manufacturers have anticipated.

Comment?

Related Topix: Automakers, Ford Motor

Sat Oct 04, 2008

Southeast Asia News

Toyota allows interest free loans

The Toyota Motor Corp in the US has responded to low car sales figures by allowing customers to buy at a zero-percent interest financing plan.

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Related Topix: Toyota Motor, Automakers

KDRV

Lithia Motors sells three stores

Associated Press A October 3, 2008 A MEDFORD, Ore. -- Auto retailer Lithia Motors Inc.

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Related Topix: Lithia Motors, Retail, Medford, OR, Medford Metro

Quick

Area car sales falling prey to credit crunch

Last Saturday, 100 or so people shopped the lot at Empire Suzuki in Plano in what should have been a sunny day for car sales.

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Related Topix: Plano, TX, Dallas Metro, Dallas, TX, Irving, TX

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