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Auto Finance•by Staff•May 5, 2015

NADA: April Auto Sales Continue to Lead Economic Growth

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.

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F&I•by Staff•May 5, 2015

Maximus Auto Group Releases App, Expanded Online Service

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.

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Texas DMV Halts Plan to Fine Dealers With CarGurus Listings

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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Compliance•by Brittany-Marie Swanson•April 30, 2015

Texas Dealers Could Face Fines Over CarGurus’ Business Practices

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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F&I•by Staff•April 29, 2015

AGWS Adds VP of Training

Industry veteran and compliance expert Bob Harkins will serve as vice president of training for American Guardian's AGWS University.

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F&I•by Staff•April 28, 2015

Annual Cost to Own a Vehicle Falls 2%, AAA Finds

Decreases in gas prices and finance charges related to auto loans fueled the decline, but rises in maintenance and tire replacement costs make F&I protections an important consideration for vehicle owners.

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F&I•by Brittany-Marie Swanson•April 28, 2015

Credit Unions Now Third Largest Auto Lender Type, CUDL Reports

Credit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.

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Digital•by Staff•April 28, 2015

Auto/Mate Tops Times-Union Workplace Rankings

Auto/Mate Dealership Systems not only made the publication's Top Workplace list for the fourth consecutive year in a row, it landed in the top spot for the first time.

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F&I•by Staff•April 28, 2015

Motor Trend Certifies Massachusetts Dealer

As of April 17, First Acura has become the exclusive Motor Trend-certified dealer in Seekonk, Mass.

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Auto Finance•by Staff•April 27, 2015

Ally to Replace Mitsubishi’s Captive Finance Arm

Ally Financial and Mitsubishi Motors North America have announced that Ally will become the preferred financing source for Mitsubishi Motors in the United States, replacing the brand's captive finance company.

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