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Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
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AutoNation Inc. reported increased profitability in each of its business sectors for the first quarter, with revenue up 10 percent and gross profit up 6 percent. F&I gross profit per vehicle sold was up 7.2 percent.
Read More →VW Credit Inc. (VCI) broke ground this week on a 30,000-square-foot expansion of its Libertyville, Ill., facility. The project is expected to be completed early next year.
Read More →The state's dealer group reports that new-vehicle registrations for the first quarter increased 17.7 percent vs. a year ago, and predicts that California dealers will deliver 1.5 million units this year.
Read More →CarFinance Capital LLC has opened a new office in Fort Worth, Texas. Housing an additional 125 employees, the new facility will manage the Eastern and Central time zones for the below-prime auto finance source.
Read More →BMW Financial Services has added another product to its list of F&I protection programs with the introduction of its BMW Lease Protection program.
Read More →Sales slowed, but two market research firms said the industry will deliver 1.135 million units in April, an 11 percent increase from a year ago.
Read More →A report from Moody's and Equifax showed that total U.S. auto lease balances increased 9 percent in March compared with a year ago, more than twice the increase in auto loan balances.
Read More →The market research firm estimates that BHPH dealers achieved $16.5 million in gross sales last year and sold about 2.5 million vehicles.
Read More →CNW's True Delivery Rate for the first 19 days of April has the industry tracking at 14.68 million units, with the firm predicting that dealers will move 1.25 million units by month end.
Read More →American Auto Guardian Inc. has launched a new Performance Services department that will provide training and income development help to its network of dealer clients and agents.
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