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Starting with the idea that customers already know from the internet what they desire and what they can get for a specific price, Hyundai is pushing its dealers to modernize the new-car shopping experience. The Korean automaker on Tuesday announced that dealers will post “fair market pricing” on their websites that includes company discounts offered to consumers. Dealers, which are independent businesses, will be encouraged to add incentives they’re offering to buyers. They’ll also deliver vehicles to customers for test drives and allow people to do paperwork...
Many drivers scrambled to replace their flood-damaged cars in the past six weeks, as a result the seasonally adjusted annual sales rate for all U.S. light vehicles hit 18,57 million units last month. That was up from 16.14 million in August and well above 16.0 million forecast. It was the highest sales rate since July 2005. While U.S. sales rose beyond the storm zones, according to automakers and dealers, much of the September gains came after Hurricane Harvey hit Texas. Replacing cars during the recovery in southeast Texas and Florida will boost U.S. new and used auto sales through...
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...
