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An administrative judge from New York’s Department of Motor Vehicles ruled this week that GM’s statewide sales benchmark was not reasonably applied, concluding that the manufacturer did not have the right to terminate Beck Chevrolet.
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Manheim says the more than 2% decline in wholesale prices 'appears to be part of a healthy overall market.' It allows dealers to turn inventory more quickly, officials say.
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Attorney General Lori Swanson is suing EFG Companies for deceptive practices because it failed to deliver on its promise of full refunds for VSCs canceled within 30 days. The company’s CEO tells F&I and Showroom his company will be exonerated once all the facts are presented.
Read More →The credit reporting agency says there are no signs of a subprime bubble despite totals for new credit and new loans originated reaching all-time highs through June.
Read More →The indictment of the five dealership employees follows federal charges levied against two other Serra Nissan sales managers earlier this year. They are facing federal charges related to a scheme to fraudulently boost loan approvals and car sales.
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Brian Vance, a regional F&I manager with Zurich North America, earned his master certification at an AFIP Certification Boot Camp in August. He is the second Zurich executive to do so.
Read More →Infiniti dealers using Auto/Mate's DMS can now enjoy a seamless communication path with their manufacturer and the flexibility to adopt third-party applications.
Read More →The moves come just weeks after the CFPB proposed to oversee larger nonbank auto finance sources for the first time at the federal level.
Read More →The former office manager of DeLaBruere's Auto Sales in Vermont will be serving 15 months in prison and paying more than $368,000 in restitution for stealing cash from the dealership and writing fake checks to cover it up.
Read More →Warren Buffett’s holding company, Berkshire Hathaway, is expected to complete its acquisition of the Van Tuyl Group by the opening of 2015. After the purchase, the 78-store group will operate as Berkshire Hathaway Automotive.
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