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BMW of North America CEO Ludwig Willisch spoke about pressure from automakers to “punch” cars at the end of the month at a recent industry event. In a panel at the National Automobile Dealers Association Wilisch declared that at the end of 2015, there was a lot of pressure to rack up sales numbers.The 2015 sales race was tight until the end, but BMW managed to win its fourth luxury-sales crown in five years. BMW finished 2015 with luxury sales of 346,023 vehicles, followed by Lexus with 344,601 and Mercedes with 343,088. However, Lexus w...
Last week, during a meeting concerning the company’s U.S. strategy, with the VW AG executives in Germany, Volkswagen’s U.S. dealers required reparations from the automaker for financial damages caused by the company's emissions violations.Though it is too early to discuss the size of any settlement so soon after pitching the proposal, it is evident that a special strategy for how Volkswagen is going to approach the dealer network on franchise damages, is needed. The prospect of reparations will be among the pressing topics to be addr...
Tesla Motors Inc continues its battle with local dealers: on Wednesday the Virginia Automobile Dealers Association (VADA) filed a lawsuit against Tesla, to keep the electric car maker from opening a second dealership in the state. According to VADA Virginia state officials and Tesla would violate a 2013 agreement that Tesla could not consider owning and operating a second dealership in Virginia until at least August 2017. Tesla opened a dealership in Tysons Corner in the relatively affluent area of northern Virginia, in February 2015. According to VADA repres...
Fiat dealers in the U.S. will be allowed to combine operations with adjacent Chrysler-Jeep-Dodge-Ram stores. This is a part of Fiat Chrysler's new plan aiming to boost the sales of the brand.This strategy could save a retailer selling 15 new Fiats a month an average of $180,000 per year in duplicate third-party vendor expenses. Dealers who decide to stick with the existing stand-alone Fiat showroom will receive about two-thirds of the savings as well as other benefits to their monthly operations. FCA will also simplify its underperforming Fiat produ...
Tesla Motors signed a contract to lease the ground floor space of a building in Red Hook. The company already has a showroom in Chelsea. It seems like Tesla isn’t keen on renewing. Similar to a few other states, law makers in Utah refuse to let the Electric Vehicle automaker sell its cars directly.A new bill has been proposed that would place restrictions on the electric cars' sales. While Utah’s current law states that the EV company has to hire a franchised dealer to sell its vehicles, Tesla says that it can't sell its cars through traditional third-party dealerships...
