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According to a report commissioned by the NADA, the average dealership incurred $182,754 in costs to comply with federal mandates in 2012.
Read More →Candi Hay will focus on acquisition, facilitation and process improvements of dealer accounts for the company’s repair services in Georgia and Alabama.
Read More →Used-vehicle sales in May increased nearly 11% from April, according to CNW. Franchised dealers led the way with a 4.3% increase in sales vs. one year ago, while independents realized a 3.4% increase.
Read More →Equifax reported today that auto finance’s total outstanding balance reached a record high in the opening quarter. New credit reached an eight-year high, while serious delinquencies fell to their lowest level in more than five years.
Read More →The FTC charged the subprime finance source with using illegal tactics to service and collect on consumer loans, including collecting money consumers did not owe, harassing consumers and third parties, and disclosing debts to friends, family and employers.
Read More →The NADA reported this week that combined sales from F&I, service contracts and other F&I products accounted for 38.8% of gross profit in 2013, up from 36.5% in 2012.
Read More →NWAN reported this week that its RV Warranty Forever program, which was launched this past October, is already making a big impact at RV stores carrying the protection.
Read More →Edmunds.com predicted today that May sales will reach 1.55 million units. The SAAR is expected to reach 16.2 million.
Read More →Citing an unnamed source, Auto Finance News reported earlier this month that the CFPB is engaged in fair-lending actions against six finance sources. Bureau officials decline to comment.
Read More →CNW reported this week that sales picked up in late May, with the firm expecting deliveries for the month to increase 11% from a year ago.
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