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NewsFebruary 28, 2013

Group 1 Acquires UK Ford Dealerships

The automotive retailer acquired four Ford dealerships in the United Kingdom. They will operate under the “think Ford” brand name.

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NewsFebruary 28, 2013

Chase Renews Agreement With Jaguar Land Rover

Renewal ensures stable, consistent funding for Jaguar Land Rover North America dealers for an additional five years.

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NewsFebruary 28, 2013

FFDS Announces 4-Tier GAP Pricing Approach

Family First Dealer Services is now offering a four-tier 4T GAP program that touts a 73- to 76-month term band.

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NewsFebruary 28, 2013

Toyota, Lexus Captives Recognize 10 Auction Sites

The captive finance companies for Toyota and Lexus recognized 10 auction sites with its 2012 Premier Auction Award. The awards were handed out this month to recognize high-performers in administration, operations, sales, and retention.

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NewsFebruary 26, 2013

SAAR to Reach 12.1 Million Units in February, Firms Predict

J.D. Power and LMC Automotive expect new-vehicle sales to reach 931,100 units in February, which would put the SAAR at 12.1 million units.

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NewsFebruary 26, 2013

TrueCar: February SAAR Highest Since 2007

According to TrueCar, February’s SAAR sits at 15.7 million units, the highest SAAR since 2007. Estimated incentive spending is at nearly $2,400 for the month.

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NewsFebruary 26, 2013

Washington Dealer Pleads Guilty to Felony Theft of Sales Tax

An auto dealer in Spokane, Wash., pled guilty to felony theft of sales tax and filing false state tax returns.

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NewsFebruary 26, 2013

Dealertrack to Acquire Louisiana-Based ELT Provider

Acquisition of Louisiana-based Casey & Casey NPS increases reach of Dealertrack’s electronic registration and titling services product suite.

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NewsFebruary 26, 2013

Identity Theft Tops FTC's Complaint List for 2012

Last year was a record-breaking year for consumer complaints received by the FTC, and identify theft once again topped the list.

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NewsFebruary 26, 2013

Chase Auto Finance Names New CEO

Chase Auto Finance promotes Thasunda Brown Duckett to CEO. She takes over for Marc Sheinbaum, who is leaving the company to pursue other opportunities.

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