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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: car dealers

car dealers stories: 30 news summaries

1 - 20 of 30 Stories | 1 2 Next >>

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(Newser) - Just as the "cash for clunkers" program sparked a boom in auto sales, its cancellation will likely depress the industry, CNNMoney reports. As of today, the last day of the government-funded incentive, rebate applications for 625,000 trade-ins totaling $2.58 billion had been submitted. “We're definitely going... More »

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recession • auto industry • car dealers • automobile • Cash for Clunkers • federal funding • Car Allowance Rebate System • customer

(Newser) - Cash for Clunkers revved into overdrive during its final weekend, the New York Times reports. After Thursday’s announcement that the Car Allowance Rebate System would end tomorrow at 8pm, consumers across the country raced to dealerships, resulting in long lines, epic haggling sessions, and hours of overtime work. “... More »

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auto industry • car dealers • auto sales • Cash for Clunkers • Car Allowance Rebate System

(Newser) - General Motors will start making temporary loans to dealers who have yet to be reimbursed by the federal government under the Cash for Clunkers plan, the Wall Street Journal reports. Dealers, some now irate, essentially did the same thing for customers participating in the trade-in plan—covering the government... More »

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General Motors • auto industry • loan • car dealers • Federal government • automobile • reimbursement • Cash for Clunkers • Car Allowance Rebate System • cash advance

(Newser) - The Cash for Clunkers program certainly isn’t breaking any speed limits, according to the National Automobile Dealers Association, which believes the government is sitting on millions of dollars in dealer applications waiting to be reimbursed. “It is ludicrous at this point,” says the group’s president. “... More »

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Treasury Department • car dealers • Cash for Clunkers

 Used-Car Dealers: 
 Program's a Clunker 

Other groups also unhappy with government rebates

Aug 14, 09 4:39 PM CDT
(Newser) - The Cash for Clunkers program has proven to be a shot in the arm for the new-car market, but not everyone's a fan. Used-car dealers say their business is suffering, the Sacramento Bee reports. "The used side sort of slipped" since the program started, said one Honda dealership manager.... More »

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auto industry • car dealers • auto sales • used cars • Cash for Clunkers

(Newser) - The Obama administration is hyping the cash-for-clunkers program as a chance for Americans to buy more fuel efficient cars, but not all buyers are going greener. Bulky SUVs and even trucks can be purchased with the $3 billion government subsidies, reports AP. Washington is refusing to release detailed records of... More »

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fuel efficiency • auto industry • Cadillac • car dealers • Hummer • Cash for Clunkers

Senate Set to OK $2B More
for Clunkers

Reid engineers deal for vote tomorrow, beating recess deadline

Aug 5, 09 9:34 PM CDT
(Newser) - The Senate has reached a deal to extend the "cash for clunkers" program through Labor Day, the Detroit News reports. Majority leader Harry Reid capped days of arm-twisting with an announcement tonight that the chamber will vote tomorrow on a measure adding $2 billion to the unexpectedly popular... More »

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Harry Reid • Senate Democrats • Detroit • Senate Republicans • Nevada • auto industry • car dealers • US Senate • Cash for Clunkers

(Newser) - The "cash for clunkers" program might be a boon for car dealers, but for American automakers the news isn't so good—four of the five top-selling cars in the program are Japanese. While the Ford Focus is the No. 1 seller, Toyota and Honda occupy the next four spots.... More »

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Toyota • Honda • Ford • auto industry • car dealers • Ford Focus • Japanese auto industry • Cash for Clunkers

(Newser) - The federal cash-for-clunkers program is sending demand through the roof for a chemical normally used to repel bugs or seal concrete, the Wall Street Journal reports. Sodium silicate, known as liquid glass, has been designated the agent of execution for old models traded in under the program. Auto dealers are... More »

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auto industry • car dealers • engine • Cash for Clunkers • Car Allowance Rebate System • sodium silicate

(Newser) - Last week's rush of demand for new cars may may have exhausted the $1 billion earmarked for the "cash for clunkers" program, but struggling auto dealers saw their sales zoom, reports Reuters. Though exact figures aren't yet available, the program was certain to drive car sales to the... More »

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recession • auto industry • car dealers • auto sales • Cash for Clunkers

(AP) - The government plans to suspend its popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases. The Transportation Department called lawmakers' offices to alert them to the decision to suspend the program at midnight Friday. The program offers... More »

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Detroit • auto industry • car dealers • cars • Cash for Clunkers

(Newser) - A spending bill passed by the House last night includes a provision to reopen hundreds of Chrysler dealerships and prevent the closing of over 2,000 more planned by GM, the Detroit News reports. The measure, opposed by the White House, will force the automakers to give dealers targeted for... More »

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Chrysler • General Motors • House of Representatives • auto industry • car dealers • dealership • auto bailout

 Judge Greenlights 
 GM Asset Sale 

Firm will transform into leaner car maker owned by US, Canada, UAW

Jul 6, 09 1:44 AM CDT
(Newser) - GM has won approval for a restructuring plan in which the car maker will sell its most valuable assets to a new firm—also called GM—owned by the US and Canadian governments and a UAW health care trust, the New York Times reports. Judge Robert Gerber agreed with GM... More »

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bankruptcy • General Motors • automaker • restructuring • auto industry • car dealers • automobile

(Newser) - Saturn dealerships around the country have been using the brand’s planned acquisition by Roger Penske to attract customers, the Wall Street Journal reports. "People want to buy from someone they like," said the owner of a Saturn dealership in Wichita. But dealership owners nationwide have since received... More »

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General Motors • acquisition • Saturn • auto industry • car dealers • Roger Penske • customer loyalty

(Newser) - Australian Prime Minister Kevin Rudd is refusing to resign in the first major crisis of his 19 months in office, the Sydney Morning Herald reports. Dubbed "Utegate"—after a popular SUV—the scandal centers on whether Rudd gave special treatment to a friend's car dealership. Critics say Rudd... More »

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Australia • email • prime minister • Kevin Rudd • car dealers • political scandal

 As Dealers Dwindle, 
 Car Prices Set to Balloon 

Lack of competition expected to drive up GM, Chrysler's prices

Jun 8, 09 2:05 PM CDT
(Newser) - The shake-up of America's auto industry will mean fewer auto dealers but the streamlining won't be making the cars any cheaper, experts tell the Boston Globe. Chrysler and General Motors are likely to turn to the Japanese model of fewer brands and fewer dealers when they emerge from bankruptcy, and... More »

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Chrysler • General Motors • auto industry • car dealers • dealership

(Newser) - Hundreds of Chrysler dealers are reeling from notices that give them less than a month to close up shop, CBS News reports. "This was a sucker punch for my brother and I," said Rob Engel, who has been selling Chrysler vehicles in New Jersey since the Reagan presidency.... More »

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Chrysler • bankruptcy • General Motors • car dealers

(Newser) - African-American and Latino car dealers will likely take a big hit in the dealership closures announced by Chrysler and planned at GM, the Wall Street Journal reports. The minority dealerships, located mainly in urban areas, have faced stiff competition as business has moved increasingly to suburbia. “We're more... More »

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Chrysler • African Americans • General Motors • minority • Latinos • auto industry • car dealers • dealership • Jay-ZTV

 Chrysler Junks 789 Dealers 
 —25% of US Salesforce 

Move will increase profits, company says

May 14, 09 11:09 AM CDT
(Newser) - Chrysler plans to eliminate 25% of its US dealers by next month, the New York Times reports. The embattled automaker notified 789 today, citing the need to keep remaining franchises profitable. Chrysler filed a list of those dealerships in bankruptcy court, and a judge could decide to rescue them. General... More »

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Chrysler • bankruptcy • General Motors • automaker • car dealers • Jay-ZTV

(Newser) - GM plans to discontinue its underperforming Pontiac line, putting an end to the brand that inaugurated the era of the muscle car, CNNMoney reports. Though GM has not publicly announced the move, the fate of Pontiac has been in doubt since at least 2005, when an exec called the brand... More »

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General Motors • recession • Pontiac • car dealers • Buick • brand

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