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NewsJune 6, 2013

Global Lending Services LLC Joins RouteOne

GLS customers can now process credit apps electronically through the RouteOne platform.

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NewsJune 6, 2013

Edmunds.com Announces New "Price Promise" Program

Edmunds.com President and COO Seth Berkowitz unveiled the Price Promise program this week to the Automotive Press Association in Detroit. The offering allows customers to get real price quotes from dealers before a visit.

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NewsJune 6, 2013

Reynolds and Reynolds Extends Agreement With Penske

The technology company extends its relationship with Penske, which was originally forged in 2004. Under the extended agreement, Reynolds will provide its ERA-IGNITE to more than 170 Penske retail franchises.

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NewsJune 6, 2013

TrueCar Dealer Council Adds Six New Members

With the six new additions, TrueCar’s dealer council now includes 20 members who operate 276 franchises in 19 states.

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NewsJune 4, 2013

NY Car Dealer Accused of Drug-Trafficking Scheme

A car dealer in NY has been charged with allowing his property to be used as a drug distribution center. According to WKTV News in Utica, the dealer laundered funds for drug dealers by selling and buying of vehicles.

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NewsJune 4, 2013

May Transaction Prices for Used Vehicles Drop 5.2 percent, CNW Reports

Used-car buyers are leaving their markets in greater numbers to locate the vehicles they want and at the right price. In May, CNW spotted a 32.6 percent increase in the number of used vehicles acquired outside of the buyer’s DMS.

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NewsJune 4, 2013

Trade Groups Ask HUD, CFPB to Clarify Use of Disparate Impact Theory

Eight trade associations request that the Department of Housing and Urban Development and the Consumer Financial Protection Bureau clarify and create guidance related to their use of the disparate impact theory to determine discrimination.

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NewsJune 4, 2013

VINtek to Provide ELT Services to Deere Employees Credit Union

Deere Employees Credit Union has selected VINtek as its provider of automotive collateral management services, including ELT.

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NewsJune 4, 2013

SFG Finance Adds to Executive Team

To handle significant year-over-year increases in volume, SFG Finance has hired vice presidents for its acquisitions, loan servicing and business development sectors.

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NewsJune 4, 2013

Tesla Can’t Sell Directly to Consumers in Texas

Two Tesla-backed bills failed to make it to the voting round this legislative session. The legislation would have exempted Tesla from state franchise laws, allowing the electric carmaker to sell directly to consumers in that state.

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