VW's $1.21 billion emissions settlement with U.S. dealers OK'd by judgeMon, 23, Jan 2017
U.S. District Judge Charles Breyer granted final approval to VW's settlement worth up to $1.21 billion with 650 U.S. dealers over diesel emissions violations. VW's dealers will receive an average of $1.85 million each over 18 months under the settlement.
Ford will offer parts for non-Ford vehiclesTue, 24, Jan 2017
Wal-Mart muscles into auto salesMon, 23, Jan 2017
Wal-Mart Stores, the nation's largest retailer, is jumping into car sales through partnerships with dealership groups, including AutoNation, the nation's largest new-vehicle retailer, and with CarSaver, an online auto retail platform.
Dealertrack aims to introduce 'seamless, easy' F&I platformMon, 23, Jan 2017
Dealertrack's next-generation F&I system is a simpler, more deal-centric approach to working with Dealertrack's tools, such as credit applications, bureau reports, compliance tools, desking solutions and F&I product menus. That should allow dealerships to do everything in one place instead of opening multiple programs.
Turnover set off alarm bells at Toyota storeMon, 23, Jan 2017
Employee turnover costs dealers billionsMon, 23, Jan 2017
FIRST OF A FOUR-PART SERIES: When look-alike stores sell the same vehicles at roughly the same prices, only the people distinguish one dealership from another. Yet very few dealers are good at hiring and retaining employees. It's costing the industry billions of dollars a year.
Penske ends no-haggle pilotSat, 21, Jan 2017
Ford seen as ‘canary’ with record leases spurring used-car glutMon, 23, Jan 2017
A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.
New chairman talks Trump, regulations, sanityMon, 23, Jan 2017
Mark Scarpelli, NADA's incoming chairman, is eager to work with President Donald Trump's administration to bring more “sanity” to regulations and clarify recalls. He talks about his and NADA's top priorities for the coming year in this Q&A.