P&A Online

April 20, 2011

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Allstate Dealer Services To Use Allstate Brand For Finance & Insurance Products

JACKSONVILLE – Allstate Dealer Services (ADS) today announced plans to brand its finance and insurance (F&I) products with the Allstate name. “Allstate has very strong name awareness and recognition,” said Doug Herberger, president of Allstate Dealer Services. “Marketing products under the Allstate brand will accelerate our success by leveraging the strength, stability and confidence the ... Read More »

Ally Teams With DealerTrack To Expand Retail Financing In Canada

TORONTO — Ally Financial Inc. and DealerTrack Canada Inc., a subsidiary of DealerTrack Holdings Inc., today announced that Ally Credit Canada Limited has been added to the DealerTrack Canada network of more than 6,000 Canadian dealers, F&I and Showroom reported. “The addition of Ally to the DealerTrack Canada network provides the company with access to ... Read More »

Traffic Log Pro Announces New Partnership With VisionMenu

NORFOLK – Powersports dealerships that use Traffic Log Pro as their CRM will now have one-click integration with VisionMenu’s MenuPro platform. Dealerships will be able to sell finance and insurance products to consumers directly from Traffic Log Pro. The online F&I sales and compliance program come standard with MenuPro giving dealerships the appropriate training to ... Read More »

CNA National Appoints Erika Ahern As General Counsel

SCOTTSDALE – CNA National has appointed Erika S. Ahern to the company’s senior management team as general counsel, a newly created position, effective April 11. “The creation of this position and our selection of Erika to fill it provides further evidence of our corporate commitment to the importance of regulatory issues,” says Joe Becker, president ... Read More »

Hyundai To Offer Trade-in Guarantee

Hyundai Motor America said today it would start guaranteeing customers trade-in value for its cars at the time of purchase. The innovative new program under its “Assurance” marketing banner will give car buyers a definitive number for what their car is worth years in advance, said John Krafcik, CEO of Hyundai Motor America, speaking at ... Read More »

Chrysler’s U.S. Sales Rose 23% in First Quarter

Chrysler Group LLC’s vehicle sales in the U.S. rose 23% in the first quarter to 287,000 new cars and trucks driven by growth in three of the auto maker’s four brands. The pickup truck Ram brand led the group with a 38% increase in sales during the quarter compared with the same period a year ... Read More »

Harley Profit Surges, But Market Share Slips

Harley-Davidson Inc.’s net income more than tripled in the first quarter, but the Milwaukee-based maker of motorcycles reported a small drop in its U.S. market share. Keith Wandell, chief executive officer, said in an interview that the company was hurt by “fierce price competition” in the U.S. from rivals discounting older models by as much ... Read More »

GM CEO Says Discounts Helped Sell More Cars In 1Q

NEW YORK — General Motors Co. CEO Dan Akerson said he doesn’t regret the company’s decision to increase spending on rebates and other deals earlier this year even though it has contributed to the company’s tumbling stock price. GM surprised the industry — and Wall Street — when it raised discounts by $400 per vehicle ... Read More »

U.S. Treasury Said To Wait For GM Results Before Decision On Selling Stake

The U.S. Treasury Department will wait for General Motors Co’s first-quarter earnings before deciding whether to sell more of its investment in the nation’s largest automaker, a person familiar with the matter said. The Treasury can sell some of its remaining 500 million GM shares, which equals 33 percent ownership, starting May 22, Bloomberg reported. ... Read More »

Ferrari Should Be Valued At $7.3 Billion In IPO, Marchionne Tells Bankers

Fiat SpA Chief Executive Officer Sergio Marchionne said he’s told bankers pushing him to pursue an initial public offering of Ferrari that the division may be worth more than 5 billion euros ($7.3 billion). “I’ve always viewed Ferrari as a sacred brand, and sacred brands are peculiar,” Marchionne said in an interview at Fiat’s headquarters ... Read More »

Ford Said To Have Closed 20 Percent Of Metropolitan Lincoln Dealership Locations

Ford Motor Co. has cut about 20 percent of its metropolitan Lincoln dealerships in the past six months as it seeks to revive its luxury line and boost sales at the remaining stores, said a person familiar with the situation. The automaker now has about 400 Lincoln dealers in the nation’s top 130 metropolitan markets, ... Read More »

General Motors To Raise Prices $123 Per Vehicle

General Motors Co. the largest U.S. automaker, will raise prices by an average of $123, or 0.4 percent, per vehicle because of higher commodity costs. The price increases will be on most models in the U.S. and will be effective May 2, Tom Henderson, a spokesman for Detroit- based GM, said today in a telephone ... Read More »