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Despite the harsh weather, used-vehicle sales continued to motor along in the first quarter of the year. Keeping demand high were insurance vehicle replacements and tax refunds.
Read More →The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.
Read More →A dealership that accepted trade-ins with remaining loan balances and then failed to pay off those balances before reselling the cars to unwitting consumers was ordered to permanently close. The owner is prohibited from ever operating a car dealership in the state.
Read More →An Albuquerque, N.M., dealership will pay $2 million to dozens of male employees who claim they were sexually harassed and retaliated against by managers.
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A lawyer with the CFPB’s Office of Enforcement made an impassioned plea before Congress yesterday, asking that the agency’s widespread discriminatory and retaliatory practices against its employees be curtailed.
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Capital One’s Sanjiv Yajnik says ‘imitation is the best form of flattery’ in describing recent moves by competitors to adopt a strategy the bank rolled out in 2010.
Read More →The dealership consultant and magazine columnist will kick off his seminar series in Uniondale, N.Y. on April 22. The one-day, two-seminar program is designed to help showroom and Internet/BDC professionals become more influential with customers and increase their sales production.
Read More →American Financial & Automotive Services Inc. is now using StoneEagle’s SEcureMetrics F&I and sales reporting platform to monitor F&I performance at its dealer clients.
Read More →Under the agreement, Tesla will be able to continue operating its five licensed retail locations in the state. Additional locations will be established under a strengthened dealer franchise law.
Read More →The market research firm says improvements in several key metrics last month are setting the stage for a spring rebound in vehicle sales.
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