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General Motors dealers could face major penalties, even termination, if they fail to use a new disclosure form for customers who buy non-GM service contracts, a new or used vehicle with non-GM accessories or used vehicles with non-GM parts, the automaker told dealers last month. But by enforcing the new disclosure process and draconian penalties, GM itself may be violating its franchise agreement, said dealership lawyers and associations, pushing back against the automaker's notice. Under GM's franchise agreement, dealers for several years have been requi...
U.S. auto sales are down 2% this August, by totaling 16,14 million. We’ve got to admit that we expected to see even worse car sales data from the big three Detroit automakers, but as Houston area replaces flood-damaged cars and trucks after Hurricane Harvey, their shares got higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, Honda's sales fell 2.4 percent. Still, analysts focused on the potentia...
The Hurricane in Texas invaded lots of dealerships, leaving them with flooded inventories. One owner of the car dealerships affected said that overall it’s catastrophic, major damage. People in their area are still trapped in attics. The dealership itself is trapped. It has anything from a foot to two feet of water in them. It may be too early to start recovery operations. "We are struggling with the evacuation right now," Wyatt Wainwright, president of the Houston Automobile Dealers Association, said in a statement posted on the National Automobile Dealers Associati...
Revenues at car repairs and auto-parts stores are rising despite the slump in the U.S. auto sales this year. But why is there such a bid difference between these 3, when they are basically bounded to each other? Well, old vehicles are grinding out more miles, and need replacement parts and repairs almost each month. The vehicle fleet is still getting older every single year, in spite of our record sales, So you’ve got a significantly larger population of vehicles that require service and are coming in for service pretty regularly. Car dealers didn’t use to handle so...
As part of the broader plan to catch up with a shift away from sedans Hyundai Motor plans to launch a pickup truck in the United States. Hyundai's top management has given the green light for development of a pickup truck similar to a show vehicle called the Santa Cruz that U.S. Hyundai executives unveiled in 2015. Hyundai currently does not offer a pickup truck in the United States. Hyundai plans to launch a small SUV called Hyundai Kona in the United States later this year. People familiar with the automaker's plans said the pick-up truck is expected to be launched in...
