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NewsSeptember 12, 2013

August Car Lease Prices Up 2 Percent From 2012

Prices on leases averaged $590.38 last month, up from $578.06 at the end of August 2012, according to data gathered by Swapalease.com.

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NewsSeptember 12, 2013

CU Direct Connect Becomes Preferred Lender for Sonic

CU Direct Connect now operates as a preferred lender for Sonic Automotive dealerships in Colorado.

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NewsSeptember 12, 2013

DOJ Settles Rate Discrimination Suit Against Calif. Dealer

The U.S. Department of Justice settled a lawsuit filed against the former Union Mitsubishi of Los Angeles. The suit claimed the dealer charged non-Asian customers higher interest rate markups.

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NewsSeptember 10, 2013

NADA: August SAAR Highest Since November 2007

Not since the fall 2007 has the industry’s SAAR reached the 16 million-unit level. The NADA also reports that August went on record for the highest monthly sales volume this year.

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NewsSeptember 10, 2013

Dealertrack Releases ECOA/Fair Lending Compliance Resources

The technology firm’s new model compliance template and supporting worksheets are designed to help dealers develop fair lending policies and address potential credit discrimination audits.

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NewsSeptember 10, 2013

Cal Worthington Passes Away at 92

Cal Worthington, best known for his iconic TV ads that played on the most imaginative stunts to get customers to 'Go See Cal,' passed away Sunday afternoon.

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NewsSeptember 5, 2013

NADAguides.com: ‘Quality/Dependability’ Top Vehicle-Shopper Preferences

Quality/dependability moves ahead of fuel economy in the NADAguides.com’s latest survey, while driver-assist technologies score poorly.

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NewsSeptember 5, 2013

August SAAR Increases to 16.09 Million Units, Autodata Reports

The industry retailed 1.5 million units in August, according to Autodata Corp., with most vehicle manufacturers reporting all-time highs and monthly records.

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NewsSeptember 5, 2013

Survey: 40 Percent of Drivers Looking to Lease Their Next Car

A survey by Swapalease.com finds that more than 40 percent of potential car buyers plan to lease their next vehicle. That’s up from 29.6 percent from a year ago.

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NewsSeptember 5, 2013

CNA National, RoadVantage Forge Alliance

CNA National’s parent insurance company will underwrite RoadVantage’s line of F&I products, including both bundled and standalone products.

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