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Articles•February 19, 2018

Fraud Alert: Dealer Loses $88K to ID Thief

A web-savvy sales manager made a sweet deal that went sour when the ‘buyer’ turned out to be a sophisticated online scammer.

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News•by Gregory Arroyo•February 15, 2018

New York Fed: Credit Scores Rise as Household Debt Reaches New Peak

Credit scores in the fourth quarter of 2017 were only a half a point higher than the median score recorded during the first quarter of 2009. And according to the Federal Reserve Bank of New York, 2017 auto loan origination volume reached the highest level it has ever observed.

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News•February 14, 2018

PAC Offers Free MLA Compliance Calculator

Partners Alliance Corp. has introduced a calculation solution designed to help dealers address the December 2017 interpretation of the Military Lending Act.

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News•by Gregory Arroyo•February 13, 2018

BB&T Switches Back to Markups as CFPB Shifts Away From Enforcement

BB&T announced its move about a week after the CFPB’s acting director stripped enforcement powers from the division responsible for pursuing discrimination cases in the auto finance arena. BB&T will officially make the switch on March 14.

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News•February 13, 2018

Autosoft Partners With NIADA

NIADA members can enjoy special pricing on Autosoft’s DMS offerings as part of a new partnership between the association and the software provider.

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News•February 13, 2018

ADG EasyCare Adds Yelverton to F&I Specialist Roster

Richard Yelverton has joined ADG EasyCare as a Northern Virginia-based F&I specialist.

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News•February 12, 2018

Hyundai, Acura Take Top Honors in KBB’s ‘5-Year Cost to Own’ Awards

The firm named Hyundai as the brand with the lowest cost to own and Acura as the lowest cost luxury brand. Top vehicles were selected in 22 categories.

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News•February 12, 2018

AUL Surpasses Two Million Contracts Issued

The company achieved its milestone in a third of the time it took to reach one million policies issued, which AUL did in 2011. Officials said 2017 was the vehicle service contract provider’s best performing year since its founding in 1990.

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News•February 12, 2018

GWC Warranty Earns Two Workplace Recognition Awards

The F&I product provider was named to the National Association of Business Resources’ ‘101 Best and Brightest Companies to Work for” and the Wilkes-Barre Times Leader’s ‘Northeastern Pennsylvania Best Places to Work” lists.

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News•February 8, 2018

Manheim: Wholesale Prices Decline for Third Straight Month

Despite a 4.9% increase from a year ago, the Manheim Used Vehicle Value Index’s January reading was the lowest since last July.

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