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NewsOctober 28, 2015

Raycom Media Acquires PureCars

The acquisition brings together one of the nation’s largest broadcasters and one of the industry's leading digital advertising platforms. Officials said the combination of both companies could revolutionize the way TV and digital advertising work together.

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NewsOctober 28, 2015

CFPB Orders SNAAC to Pay $3.28 Million for Illegal Debt Collection Practices

Four months after suing SNAAC for employing illegal debt collection practices, the CFPB has ordered the finance company to pay $3.28 million in refunds and fines to resolve the regulator's claims.

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NewsOctober 27, 2015

NADA: Employee Salaries at New-Car Dealerships Rise

Not only was employee turnover below the rate recorded in the private sector, dealership employees earned 29% more than private-sector workers. The study also showed that F&I had the highest ratio of women.

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NewsOctober 27, 2015

KBB Predicts 12% Increase in New-Vehicle Sales

The vehicle information site said this week it expects new-vehicle sales to total 1.43 million units in October, the highest October sales volume in more than a decade.

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NewsOctober 22, 2015

GM Financial’s Role as GM Captive Expanding in November

GM Financial's role as GM's captive will expand in early November with Ally's removal from the automaker's loan subvention programs.

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NewsOctober 20, 2015

Q3 Auto Originiations Up at Wells Fargo, Chase Auto Finance

Wells Fargo and Chase Auto Finance grew third-quarter auto originations by 10% and 19%, respectively, with a Wells Fargo official noting that new auto sales were at their highest levels in a decade.

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NewsOctober 15, 2015

EasyCare Releases Full Suite of RV-Geared F&I Benefits

EasyCare launched on Oct. 1 a full suite of F&I protections designed for the recreational vehicle market. Products include road hazard tire-and-wheel protection, GAP, limited warranty and vehicle service contracts.

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NewsOctober 14, 2015

Colorado's Jeff Carlson Elected NADA Chairman for 2016

The NADA’s board of directors has elected Jeff Carlson as its 2016 chairman. The Colorado dealer is currently serving as NADA vice chairman.

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NewsOctober 14, 2015

Volkswagen Diesels Showing Higher Depreciation

According to the vehicle pricing firm, Volkswagen diesel models are already showing higher depreciation than their comparable gasoline-powered models.

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NewsOctober 14, 2015

Westlake Now on RouteOne’s Econtracting Platform

With the new connection, dealers signed up with the auto finance source and for RouteOne’s econtracting solution can receive electronic validation and distribution, as well as a signing process that works on signature pads, tablets and nearly any touchscreen-enabled device.

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