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Dealership Group Offers Employees Bonuses

Tuesday, 16 January 2018 01:32
Group 1 Automotive, an international, Fortune 500 automotive retailer, announced a $500 cash bonus for non-management dealership employees and operational support staff in the U.S. The company owns and operates 115 dealerships nationwide.“As we were in the process of reviewing the opportunities the new tax reform law creates for us to better our business, we decided the best investment we could make was in the people serving as the face of our company every day,” said Earl J. Hesterberg, Group 1's president and chief executive officer.  “For almost 13 years, I have watched our loyal dealership operating and support teams move cars in the 100-degree heat of the Texas summer, clean snow off of new car inventory in a 10-degree Boston winter, and spend long days in front of a computer screen processing documents and communicating with our customers. “These people are the heart of the company. They generate our profits and my management team and I feel that the financial benefit of the new tax law creates an opportunity for us to say thank you to these key teammates.”This bonus will be paid on March 1 to qualified employees.

Honda Celebrates Accord Award

Tuesday, 16 January 2018 01:31
The all-new 2018 Honda Accord earned the 2018 Car of the Year award, marking a three-peat for the manufacturer. The Honda Civic and Honda Ridgeline won the car and truck awards in 2016 and 2017, respectively.“Honda took a clean-sheet approach to reinventing America's most popular car, and we couldn't be prouder to receive this honor for Accord as the North American Car of the Year,” said Henio Arcangeli, Jr., senior vice president of the Automobile Division and general manager of Honda Sales, American Honda Motor Co., Inc.“We're especially proud for the production associates in Ohio where Accord has been built to the highest quality standards for over 35 years.”Completely redesigned from the ground-up, the all-new Accord features a lighter and more rigid body structure, an advanced new chassis design wrapped in a more sophisticated, sleek and athletic design with top class interior space and comfort. The drivetrain options include two all-new, high-torque VTEC Turbo engines, the world's first 10-speed automatic transmission for a front-drive car and a new generation of Honda's two-motor hybrid technology. The Accord also includes a host of new safety, driver-assistive and connected-car technologies.

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Auto Originations Rise

Sunday, 14 January 2018 22:17
Auto finance originations were up 6 percent year-over-year in 2017, according to Experian.The credit agency’s annual State Credit report also finds the nation's average credit score is up two points to 675 - from 673 last year - and is just four points away from the 2007 average of 679. Generation Y/Millennials are doing well managing their credit and continue to see their scores climb - four points over the past year. They have also decreased their overall average debt by eight percent and have increased their mortgage debt by an additional six percent, which is a positive sign for this generation. Generation X has an average credit score of 658 along with the highest mortgage debt of all generations, as well as a high instance of late payments compared to the national average. Baby Boomers continue to carry quite a bit of debt, specifically mortgage debt. They have the lowest late payment instances of all the generations. As the oldest generation, the Silent Generation still has a lot of mortgage debt, but members are keeping other debts low and making payments on time. They have the best credit score of all generations with a score of (729), as well as the fewest late payments.

Dent Wizard Offers Add-On Products

Friday, 12 January 2018 01:41
Dent Wizard International recently introduced new F&I programs that expand beyond the appearance protection menu offerings the company is known for. AlwaysNu features base coverage for road hazard tire & wheel, plus cosmetic wheel repair, roadside assistance service and rental car reimbursement up to $50 per day. Customers then have the option to add on any or all of the following coverages: dent repair with a hail benefit; windshield repair; interior repair; and key protection featuring Tile technology. Tile uses Bluetooth to communicate with a companion app on a smart phone or tablet.Ding Shield One features base coverage for dent repair, plus a hail benefit and rental car reimbursement up to $50 per day. Add-on optional coverages include: cosmetic wheel repair; windshield repair; interior repair; cosmetic bumper repair; and key protection featuring Tile.