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Lithia will acquire 100% of DCH Auto Group Inc.'s outstanding shares, bringing together two of the largest dealer groups in the nation.
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The company has promoted six of its employees to general manager positions at seven operating locations in five states.
Read More →The House Financial Services Committee passed a bill this week that would bring more transparency to the CFPB’s guidance-making process. If approved by Congress, it would effectively repeal the bulletin the bureau issued last year on indirect auto lending.
Read More →Police identified the man who abandoned a burning 2008 Lamborghini Murcielago on the New Jersey Turnpike as the CEO and president of an auto group.
Read More →The Idaho Attorney General has reached an agreement with a dealership that will prohibit it from engaging in harassing debt collection or repossession acts or practices. The dealership also resolved several consumer complaints.
Read More →The NADA Used Car Guide’s used-vehicle price index reached a new high in May. But the NADA believes recent trends point to prices tracking back toward the firm’s predicted pricing path for the year.
Read More →A dealership manager was ordered to pay at least $50,000 for keeping money given to him by customers for extended service contracts.
Read More →The National Institute of Automotive Service Excellence’s Blue Seal of Excellence signifies the level of expertise and knowledge of repair shop technicians and claims administrators.
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Seven financial organizations issued a letter to the U.S. House of Representatives on May 29 in support of an amendment to an appropriations bill that would limit Justice Department litigation relying on the disparate impact theory of discrimination.
Read More →The combined average age of all light vehicles on the road in the U.S. remained steady at 11.4 years. IHS says the average age is likely to remain at 11.4 years through 2015.
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