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Banco Santander has reached an agreement with Carfinco to acquire its Canadian business for $298 million Canadian dollars. Under the agreement, a new company will be formed in which Santander will own approximately 95% of the equity, while top management of Carfinco will retain 5%.
Read More →Representatives from 10 dealerships attended an AFIP certification boot camp hosted by Premier Warranty Inc. in Texas this June.
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The Savanah, Ga.-based dealer group was named F&I and Showroom’s 14th F&I Dealer of the Year at the magazine’s annual conference and expo, which was held this week at the Paris Las Vegas.
Read More →Dealers who purchase vehicles at Manheim auctions now have the option to buy a purchase guarantee that allows them to return a vehicle for any reason for up to 21 days and receive a 100% refund of the purchase price and buyer’s fees.
Read More →In August, prices were down on a year-over-year basis for the first time since the beginning of 2014, part of a softening trend in wholesale prices.
Read More →The NADA is urging Congress to pass a new bipartisian bill introduced this month that would nullify the CFPB’s guidance on auto lending and require more transparency from the bureau in the future.
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Dave Shefferman, who has nearly two decades of experience in the high-tech and automotive industries, will lead product development and data strategy efforts for the LotLinx Deeplinking platform.
Read More →All of AutoNation’s 270 dealerships now have approval to implement the DealersLink suite of tools at any of their locations.
Read More →Manheim’s new Enhanced Vehicle Imaging Suite provides up to 18 vehicle images and ‘heat map’ graphics that help buyers quickly assess vehicle condition as part of the company’s InSight Condition Reports.
Read More →AutoNation has acquired luxury dealership group Barrier Motors in Bellevue, Wash., adding Mercedes-Benz of Bellevue, Barrier Audi, Barrier Porsche and Barrier Volvo.
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