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Michigan Secretary of State Ruth Johnson has suspended the licenses of five Detroit used-vehicle dealers after an investigation uncovered multiple fraudulent acts, including the sale of cars containing stolen parts and record-keeping violations.
Read More →The Federal Trade Commission released updated guidance regarding endorsements and testimonials. It addresses topics such as Twitter endorsements, Facebook 'Likes' and YouTube videos.
Read More →With government regulators keeping a close eye on the auto finance industry, Finance Express unveiled a new online system designed to help finance sources expedite recovery of ancillary product cancellation refunds.
Read More →American Honda Finance Corp. has launched two digital campaigns promoting its Honda and Acura College Grad program that targets millennial buyers.
Read More →The average loan term for new and used vehicles has increased by one month, reaching new all-time highs of 67 and 62 months, respectively, according to a new report from Experian.
Read More →The Federal Trade Commission has approved final consent orders which prohibit Jim Burke Nissan of Birmingham, Ala., and Ross Nissan of El Monte, Calif., from deceptively advertising the sale, financing and leasing of their vehicles.
Read More →The company rolled out its new Ally Premiere Protection after completing a three-month pilot. Test dealers gave Ally high marks for training and product transition.
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GWC Warranty hosted its first-ever Elite Dealer Council last month. The council is comprised of some of the company’s top independent dealers.
Read More →AutoAp’s new service, Dealer Recall Management, provides dealers with daily recall updates for new and used vehicle inventory.
Read More →U.S. Bank told dealers this week that it’s monitoring how they price F&I products. If its monitoring program finds ‘unexplained differences in pricing or excessive add-on product financing on a prohibited basis,’ dealers will be asked to provide an explanation.
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