Category: Dealer News

By on August 8, 2015

2016_Lexus_IS_300_AWD_F_SPORT_001_2AEF9F669D0BB0948BE16C125B5434AE04D64090

Taking a page from the old Saturn playbook, Lexus will test no-haggle pricing at a dozen dealerships this year, according to the Detroit Free Press.

The pricing strategy will apply to new and used cars, and service and maintenance at the dealers.

According to Lexus general manager Jeff Bracken, no-haggle pricing could be initially difficult.

“The dealer has to be willing to let the customer walk away or word gets out and the model falls apart,” Bracken told the Detroit Free Press.

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By on August 6, 2015

Scott Painter - Picture courtesy venturebeat.com

TrueCar CEO Scott Painter will leave the company at the end of this year, Automotive News is reporting.

Painter announced he was leaving the company after TrueCar announced it had lost $14.7 million in the second quarter on $65.3 million revenue.

“After a decade of building TrueCar from an idea into a public company, I have come to the conclusion reached by many founders and entrepreneurs in my position: It is time for a change.” Painter said in a statement according to Automotive News.

Painter will remain on the company’s board of directors.

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By on August 6, 2015

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Chinese luxury car dealer Yongda and giant online retailer Alibaba are offering the next logical step in online car buying for luxury car buyers: point-and-click car buying.

The South China Morning Post is reporting that Yongda, which has more than 200 high-end car dealerships in China, will make available its cars on the shopping site for browsers to point, click, pay and drive away from a dealership.

Seems like a good idea for ultra-luxury cars.

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By on August 5, 2015

2015_NYIAS_Scion_iM_007

Scion — the youth focused, geriatric-coveted Toyota Junior Team brand — is looking to push sales in a different direction as it tries to shed its “retiree in an xB” image in favor of #millenials Snapchatting their road trips in Scion iMs.

According to The Detroit Bureau, Scion wants to offer their wares online in more markets in an effort to appeal to younger consumers who don’t want to take test drives, I guess.

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By on August 3, 2015

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Fiat Chrysler Automobile dealers won’t be able to sell cars without recall repair work or they risk losing their incentive money under a new agreement with the federal government, Automotive News is reporting.

The agreement was part of the sweeping package penalties imposed by the National Highway Traffic Safety Administration, including up to $105 million in fines. According to the consent agreement by the federal bureau and FCA, the company already asks dealers to complete recall work, but the new mandate would reinforce that existing policy.

In the United States, it’s illegal for a dealer to sell a new car without recall repair work, but no such law exists for used cars. A recent proposal in Congress to force used car dealers to complete open recall repair work was met with opposition.

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By on August 1, 2015

truecarprice

A lawsuit brought forward by a group of 100 auto dealerships are alleging car-buying service TrueCar of “deceptive business practices”, reports Automotive News.

The lawsuit claims TrueCar’s advertising, which proclaims transparency in vehicle transaction prices for customers, does not disclose the $299 and $399 dollar fees that are paid by dealers for new and used car sales brokered by TrueCar.

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By on August 1, 2015

2015BuickRegalGS-6

If you are looking for a new midsize car to add to your driveway and the Buick Regal is on your shortlist, you might want to wait a few months.

According to a dealer communique sent out by Buick head Duncan Aldred, the Regal will receive a massive price cut for 2016. Even the top-trim Regal GS will have its price slashed to make it more competitive as an older offering in a crowded segment.

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By on July 29, 2015

Van Nuys Nissan

Nissan scolded one of its dealers Tuesday for releasing an ad showing the battering of a piñata resembling Republican presidential candidate Donald Trump, Automotive News is reporting.

The ad depicts salesmen repeatedly hitting a Trump-looking piñata and declaring, “At Van Nuys Nissan, Latinos rule.” The ad was made after Trump denounced some undocumented Mexican immigrants as “rapists” in a June political speech.

“We find these advertisements to be neither responsible or respectful, and we do not condone what they represent,” Nissan said in a statement. “We expect our dealers to establish advertising that is responsible and respectful and represents the best interest of the Nissan brand.”

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By on July 27, 2015

2015 Dodge Challenger SRT Hellcat

Dodge will roughly double the number of Charger and Challenger Hellcat models it makes next year and will significantly change the way dealers can order the 707-horsepower model in the future, the company announced Monday. Dodge also announced that it would be cancelling nearly 900 unfulfilled 2015 orders and honoring those prices for 2016.

Dealers will begin taking new orders for the super-performance cars sometime around Aug. 10 and will only be allowed to order their specific allocation. According to Automotive News, reports surfaced last year of Dodge dealers accepting deposits for many more Challenger and Charger Hellcat models than they were allotted.

Dealers will begin receiving Hellcats in September through February.

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By on July 23, 2015

2016 Nissan Maxima (18 of 23)

Nissan has told its dealers to stop selling specific models of the Maxima due to unspecified quality issue, Automotive News is reporting.

The issue involves Maximas with a specific VIN, not a model type. It’s unclear if those cars have been delivered to dealers or customers. According to Automotive News, Nissan hasn’t identified how many models would be affected by the stop-sale, nor how many of the models may have already been sold.

Nissan hasn’t made available details about the VIN number or how to identify the held cars.

A Denver-area Nissan dealer said he wasn’t aware of the stop-sale at all.

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