NADA

Looking for the hip and nifty at NADA

12:01 am U.S. ET | March 1
Dealers walking the exhibition floor at the National Automobile Dealers Association convention in Orlando were met by vendors offering new ways to cut costs, tap social media and monitor their business operations using a smart phone.... Read More »
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NADA CONVENTION

NADA sales forecast: 11.9 million this year

12:01 am U.S. ET | Feb. 22
Powered by the improving economy, U.S. sales of cars and light trucks likely will rise 14 percent this year to 11.9 million vehicles and will go higher next year, the chief economist of the National Automobile Dealers Association predicts.... Read More »
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NADA CONVENTION

Tonkin: NADA will be noticed

12:01 am U.S. ET | Feb. 22
Dealers who questioned whether the National Automobile Dealers Association adequately defended dealers' interests last year will see a lot more of the group in 2010, said Ed Tonkin, who became NADA chairman Feb. 15.... Read More »
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Sales

European sales up 3% in Feb., but gains fading

12:01 am U.S. ET | March 22
European auto sales rose 3 percent in February -- but it's the smallest monthly gain since last June, when many governments introduced big cash-for-clunker-style incentives to help struggling manufacturers. February sales in 28 European markets barely topped 1 million units.... Read More »
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Dealers

Suzuki offers to buy out its weaker dealers

12:01 am U.S. ET | March 22
American Suzuki Motor Corp. is offering to buy out its lowest-volume dealers to get them to walk away from their troubled franchises. But executives insist, despite plunging sales, that Suzuki has no plans to leave the United States.... Read More »
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Finance & Insurance

Make GMAC a captive again? Treasury won't push the idea

12:01 am U.S. ET | March 22
If GMAC is to become a captive finance company again, it won't be the government doing it. A congressional panel recommended that the U.S. Treasury Department consider merging GMAC Inc. back into General Motors Co., an idea pushed by some investment analysts. But Treasury declined to get involved.... Read More »
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Marketing

Toyota's spiffs: Sales, with a risk

12:01 am U.S. ET | March 22
Toyota's aggressive new-car incentives have spurred sales this month but also have eroded prices for the brand's late-model used cars and threaten to undercut one of the company's greatest assets: pricing power.... Read More »
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Remarketing

Auction sales off 6% in 2009

12:01 am U.S. ET | March 22
Dealers bought almost 9 million vehicles at National Auto Auction Association member auctions in 2009, down 6 percent from 2008, according to the group's 13th annual survey.... Read More »
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Service & Parts

GM recalls Chevy Cruze, Captiva in South Korea

12:16 am U.S. ET | March 21
General Motors Co.'s South Korean unit plans to recall about 60,000 units of the Chevrolet Cruze and Captiva in South Korea, the government and the company said today.... Read More »
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