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Price Hike: Tesla Drops Base Models

Price Hike: Tesla Drops Base Models

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants from Tesla’s lineup.

July 17, 2019

Calif. Dealer Wins $15.8M in Toyota Lawsuit

Calif. Dealer Wins $15.8M in Toyota Lawsuit

An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer concealed safety defect data and retaliated against him for going public with his concerns.

July 16, 2019

A Little More Auction: Elvis-Owned Lincoln, Harley, GMC for Sale
Report: Slow Sales Aside, Auto Groups Outperform Market

Report: Slow Sales Aside, Auto Groups Outperform Market

Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.

July 10, 2019

Q&A: The Art and Science of Predictive Analytics

Q&A: The Art and Science of Predictive Analytics

Retail veteran turned tech executive Marco Schnabl explains why the latest sales and marketing technology is essentially an extension and enhancement of skills most sales professionals already possess.

July 10, 2019

Feds: Texas Dealership Fronted Gambling Enterprise

Feds: Texas Dealership Fronted Gambling Enterprise

Three members of the Tillery family of Beaumont, Texas, have admitted to operating a gambling and money laundering ring fronted by their buy here, pay here dealership and its holding company.

July 9, 2019

SAAR Holds at 17M as June Sales Slip

SAAR Holds at 17M as June Sales Slip

U.S. dealers sold 2.6% fewer new cars and light trucks in June than in the same month a year ago, but standout performances in key segments kept the seasonally adjusted annualized selling rate above 17 million for the second straight month.

July 3, 2019

Industry Leader Lee Iacocca Dead at 94

Industry Leader Lee Iacocca Dead at 94

Famed auto executive and visionary Lee Iacocca has died, leaving a legacy of leadership, ingenuity, and a no-nonsense approach to the design, sale, and financing of American vehicles.

July 3, 2019

Ford Ends Ala. Dealer’s Gun Giveaway

Ford Ends Ala. Dealer’s Gun Giveaway

Ford Motor Co. has put a stop to Chatom (Ala.) Ford’s ‘God, guns, and freedom’ campaign following a shooting at a California dealership that left two managers and a former employee dead.

July 1, 2019

FTC: DealerBuilt Hack Affected 130 Dealerships

FTC: DealerBuilt Hack Affected 130 Dealerships

A 2016 cyberattack laid bare the personally identifiable information of about 12.5 million customers of 130 U.S. dealerships, according to a Federal Trade Commission bulletin announcing a consent agreement with dealer software provider DealerBuilt.

June 13, 2019

Texas Law Creates Loophole for Berkshire Hathaway Dealerships
Dealer Extortion Attempt Ends With Arrest

Dealer Extortion Attempt Ends With Arrest

A Florida man was arrested after police say he attempted to use lost sales records to extort the owner of Jon Hall Chevrolet of Daytona Beach for $50,000 and a new Malibu.

June 10, 2019

FCA Blames French State for Failed Renault Merger

FCA Blames French State for Failed Renault Merger

Fiat Chrysler has backed out of a proposed merger with Renault, blaming ‘political conditions’ in France, whose government owns a 15% share of Renault. A week ago, the companies were poised to form the world’s third-largest automaker.

June 6, 2019

SAAR Returns to 17M on Stronger May Sales

SAAR Returns to 17M on Stronger May Sales

U.S. dealers sold slightly fewer new vehicles last month than in May of 2018, but the annual forecast increased to 17.4 million units — thanks in no small part to strong fleet sales.

June 4, 2019

Fake Dealer Gets 5 Years for Fraud, Drugs

Fake Dealer Gets 5 Years for Fraud, Drugs

Gene Earl Easterling will serve 63 months in federal prison on bank fraud, mail fraud, and drug charges following an investigation that determined he posed as an auto dealer to obtain $682,980 in loan checks.

June 3, 2019