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NewsAugust 15, 2013

Experian Automotive: Repossessions Fall to Lowest Rate on Record

In addition to record-low repossessions, 30-day delinquencies drop and 60-day delinquencies remain flat as the auto finance market stays strong.

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NewsAugust 15, 2013

Dealers Listed as Victims of Advertiser’s Money Laundering Scheme, The Advocate Reports

According to a report from The Advocate, Raymond Christopher Reggie, former brother-in-law to U.S. Sen. Ted Kennedy, is charged with six counts of money laundering. In his scheme, two Louisiana car dealers lost a combined total of $1.1 million.

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NewsAugust 15, 2013

Yelp Catches More Companies Buying Fake Reviews

This week, Yelp issued another round of consumer alerts, or pop-up messages warning customers that a business was caught ‘red-handed’ trying to purchase fake reviews.

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NewsAugust 15, 2013

Texas Dealer Sued for Tasering Employee

A former employee is suing Houston, Texas-based Fred Fincher Motors because he was reportedly harassed by co-workers with a stun gun, according to KHOU-11 News.

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NewsAugust 15, 2013

Edmunds.com Reveals ‘17 Best Cars’ on the Market

Edmunds.com lists the Top 17 cars consumers would buy if money wasn’t an issue. Toyota led the way with three vehicles on the list, while Honda had two.

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NewsAugust 15, 2013

StoneEagle, ADP Partner on F&I Video Training and Reporting

StoneEagle’s SEcureMetrics F&I reporting application now includes functionality that links a specific F&I deal directly to the ADP F&I Results video.

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NewsAugust 13, 2013

Google Study Reveals Opportunities for Dealer Service Departments

In a new study commissioned by Google, 81 percent of drivers said they agree that quality service is more important than price. The tech giant says the stat means dealership service departments are primed to steal business from service chains.

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NewsAugust 13, 2013

Jeff Schmitt Auto Group Loses BBB Accreditation

The Better Business Bureau suspends the group’s accreditation after it paid more than $500,000 to settle at least 25 lawsuits related to its F&I practices. The operation had an 'A+' rating before it lost its accredidation.

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NewsAugust 13, 2013

5M Facebook Fans Design New Porsche

Porsche unveiled its new 911 Cabrera 4S this week to celebrate the carmaker’s 50th anniversary. It’s a vehicle dreamed up by fans of the automaker’s Facebook page.

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NewsAugust 13, 2013

CPS Reports Strong Second Quarter

Consumer Portfolio Services Inc. reported earnings of $4.8 million for the second quarter 2013, up from $1.3 million in the same period last year.

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