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On Dec. 29, the Federal Trade Commission announced plans to conduct a qualitative survey of consumers who have purchased and financed an automobile from a dealer within the last six months. If issues are revealed, the agency said it may consider enforcement initiatives or rulemaking.
Read More →The original lawsuit, filed last May, charged TrueCar with acting as a dealer and a broker when it does not have a dealer or broker license. The new amendment asks the court to declare that TrueCar continues to act as a 'dealer' and 'broker” without license.
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The F&I product provider announced the hiring of Amy Counts as an account executive. The 18-year industry veteran has served in various roles at Reynolds and Reynolds and RouteOne.
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Between October 2014 and September 2015, consumers returned to Subaru and Ford more than any other OEM brand, according Experian Automotive.
Read More →The General Motors Board of Directors has unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore Solso, who will serve as the board’s lead independent director.
Read More →The complaint was filed on Monday and alleges that nearly 600,000 diesel engine vehicles were equipped with illegal devices designed to cheat emissions testing.
Read More →On Monday, ridesharing firm Lyft announced it closed a $1 billion round of funding, half a million of which came from General Motors. The plan, according to the two companies, is to eventually deploy a fleet of GM self-driving vehicle within Lyft’s ride-hailing service.
Read More →McLaren Automotive North America and Ally Financial have announced a new preferred financing relationship that will allow qualified consumers to lease the new McLaren 570S or 650S.
Read More →US Equity Advantage has made available a new financial planning tool kit for AutoPayPlus customers. According to the company, the new toolkit will assist customers who are looking to automate their bill payments, organize their finances, monitor their credit, and create a budget and savings plan for the future.
Read More →F&I product provider GWC Warranty announced today that it has surpassed $375 million in claims paid to date.
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