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The association’s first quarter business confidence survey reveals subdued expectations for sales and economic growth among independent dealers. One factor muting optimism is finance source availability and tighter credit guidelines.
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Crusading New York Attorney General Eric T. Schneiderman has resigned in the face of reports of assaults and threats against multiple women.
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January saw a significant drop in lease originations, as finance sources placed a greater emphasis on loan incentives, according to Equifax. The firm also reported that subprime accounts fell to their lowest share of the market since 2006.
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Mike Howse will serve as a senior vice president for First Extended Resource Automotive, replacing the recently departed John Luckett.
Read More →When a financed or leased vehicle is in a licensed mechanical or collision repair facility for more than seven days, Charter Warranty’s new program will reimburse a portion of the vehicle’s monthly payment for up to three months per eligible repair.
Read More →The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75%, but it hinted at a possible rate hike in June.
Read More →Executives said dealers using Dealertrack’s credit app solution will benefit from faster decisions thanks to a new partnership with Megasys.
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Addison Thomas will serve as COO and Doug Grill takes over as Mid-South regional vice president.
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Bob Dziadosz, who spent the last 16 years with LoJack, has joined the F&I product provider as a dealer performance driver for its SAVY connect car mobile app suite.
Read More →US Equity Advantage now offers F&I managers bonus income in addition to standard commissions.
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