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Newsby Brittany-Marie SwansonDecember 3, 2013

Consumer Group Seeks to Eliminate Rate Markups in California

A consumer advocacy group has filed a new ballot initiative with the California attorney general’s office. Part of the initiative aims to eliminate dealer markups, something California New Car Dealer Association President Brian Maas says would harm consumers.

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NewsDecember 3, 2013

CarFinance Capital Completes $304 Million Asset-Backed Securitization

CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.

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NewsDecember 3, 2013

NADA Report: Cash Incentives Negatively Influence Used-Car Pricing

New-vehicle cash incentives reduce the price of used vehicles significantly more than finance and lease incentives, the NADA finds.

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NewsDecember 3, 2013

Dealer Joe Boccalero Passes Away

Longtime California dealer Joe Boccalero passed away on Nov. 27 at the age of 92. He served as the former president of Domenich Basso Inc. and operated a Chrysler Jeep dealership in Los Angeles for 40 years.

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NewsNovember 27, 2013

F&I Express Adds Universal’ Zero Plan to eContracting Platform

Universal Lenders' Zero Plan joins more than 50 F&I product and service providers currently on the F&I Express network.

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NewsNovember 26, 2013

Car Buyers Return in November After ‘Wacky’ October

November returned to normal after the partial government shutdown in October. CNW Research believes the purchase delays the shutdown caused could prime the market for a solid 2014.

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NewsNovember 26, 2013

Maritz: Car Shopping a Lonely Journey, Dealers Missing Opportunities

Maritz Research’s latest study reveals that 75 percent of customers who are in the market for a new car never hear from dealers.

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NewsNovember 26, 2013

J.D. Power: Lender Service Determines Customer Satisfaction With Financing

Lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or lease process set the stage for customer satisfaction throughout the financing duration, according to the J.D. Power 2013 U.S. Consumer Financing Satisfaction Study.

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NewsNovember 26, 2013

Chrysler IPO Postponed Until 2014, Forbes Reports

According to Forbes, Fiat announced it will not launch its initial public offering of Chrysler until 2014.

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NewsNovember 26, 2013

Dorschel Group’s Michele Myers Aces AFIP Exam

The Association of Finance and Insurance Professionals announced that Michele Myers, vice president of financial services for the Dorschel Group, posted a perfect score on its rigorous 200-question Senior Certification Exam.

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