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Digitalby StaffJuly 10, 2018

Mitsubishi Rolls Out New Global Dealership Design

The rollout marks the first dealer facilities update initiative for the automaker in 16 years. Texas’ Lewisville Mitsubishi will be the first dealership to incorporate the new look, with 25 additional dealerships expected to replicate the new design by the spring of 2019.

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Showroomby StaffJuly 10, 2018

Hartford BMW Store Unveils ‘Ultimate Showroom’

A $6.5 million renovation and expansion added 39,000 square feet to Hartford, Conn.’s New Country BMW retail footprint.

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F&Iby StaffJuly 10, 2018

FCA Launches Dealer Market Investment Program

Financed in part through relationships with Chrysler Capital and Ally Financial, Fiat Chrysler’s new program aims to identify and develop high-potential candidates to join its U.S. dealer network.

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Auto Financeby StaffJuly 10, 2018

GWC Introduces Major Account Management Team

GWC Warranty has assembled a veteran team of industry experts to manage its largest dealership partnerships.

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Auto Financeby Gregory ArroyoJuly 9, 2018

CFPB Official Who Sued Trump Resigns, Drops Suit

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled regulator. In a tweet, her attorney said the CFPB official is also dropping her legal fight to be the regulator's acting director.

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Showroomby StaffJuly 9, 2018

LotMonkey Expands Into Four New Markets

The company’s web-based merchandising platform is now available in Philadelphia, Louisville, Ky., Long Island, N.Y., and northern New Jersey. It allows dealers to instantly create and customize an infinite array of point-of-sale visuals.

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Auto Financeby StaffJuly 9, 2018

AFS Renamed Credito Real USA, Poised to Expand

AFS Acceptance has officially been renamed Credito Real USA, two years after being acquired by Mexico’s Credito Real and on the eve of a planned market expansion.

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Complianceby StaffJuly 9, 2018

NY AG: Brooklyn Dealership Targeted Non-English Speakers

Bay Ridge Honda has agreed to pay $423,000 in restitution and penalties to settle charges of deceptive acts and practices that followed dozens of complaints from aggrieved customers, many of whom are non-English speakers.

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F&Iby StaffJuly 7, 2018

NAE/NWAN Wins 2018 Dealers’ Choice Award

National Automotive Experts earned a Platinum award for F&I Product Training in the 2018 Dealers’ Choice Awards.

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F&Iby StaffJuly 5, 2018

Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.

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