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In a recent survey, eLEND Solutions found that while 80% of dealers expect the CFPB to implement regulations that would replace dealer participation with mark-up thresholds or a flat-fee model, only 40% have plans in place to meet those requirements.
Read More →The lease approval rate jumped 31% from March to April, the highest since November 2014, Swapalease.com reports.
Read More →A1 Software Group announced the launch of a mobile-centric, social, lightweight sales platform called Selly Automotive.
Read More →Portfolio has moved from its headquarters in Irvine to an office in nearby Lake Forest that will accommodate future growth.
Read More →In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive.
Read More →AutoStar Solutions has forged an alliance with KISS Concepts Group, a consulting agency that will represent the software company’s Fusion Ignite DMS system to U.S.-based independent dealerships.
Read More →Despite the average retail transaction price rising more than 3%, the NADA’s chief economist believes that future auto sales will continue to be backed by strong economic tailwinds.
Read More →Protection plan administrator Maximus Auto Group has released an app that allows its customers to view and manage their contracts, file a new claim, contact a rep and more. The company has also expanded its digital platform to include online claim filing.
Read More →The Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on CarGurus.com after the department and the shopping site discussed revisions to CarGurus’ advertising practices in a call yesterday.
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Last week, the Texas Department of Motor Vehicles Enforcement Division issued a cease-and-desist letter to CarGurus and the state’s dealer association, threatening dealers with fines up to $10,000 a day if the shopping site does not revise its advertising practices.
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