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Auto Financeby StaffFebruary 11, 2014

Ally's Quarterly Profit Hurt by Settlement, ResCap Costs

Ally Financial’s quarterly report shows growth for the company and its network, but also reveals the impact of the company’s settlement with the CFPB and DOJ, as well as its ResCap bankruptcy plan.

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Auto Financeby StaffFebruary 11, 2014

Lease Approvals Mirroring Consumer Credit Trends, Swapalease.com Reports

According to Swapalease.com, lease approvals are following similar patterns as the broader consumer credit trends, falling from 73.3% in December to 70.5% in January.

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Digitalby StaffFebruary 11, 2014

Dataium: Game Day Ads Drive Dealer Website Traffic

Maserati, Jeep and Jaguar dealer websites experienced increases in online shopping activity following the Super Bowl.

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F&Iby StaffFebruary 11, 2014

Edmunds.com: Falling Used-Car Prices Likely to Affect All Buyers

An excessive supply of used vehicles hitting dealer lots is expected to drive prices down and cause a chain reaction that could raise monthly payments and lower trade-in values.

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F&Iby StaffFebruary 11, 2014

VinSolutions Promotes Jennifer Lee to VP of Product

Jennifer Lee, formerly the company’s senior director of product, will continue overseeing the company’s mobile platforms, CRM tools, campaign MGT tools and Haystak websites in her new role.

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Complianceby StaffFebruary 11, 2014

FTC Settles With Two Dealers for Deceptive Advertising

By unanimous vote, the Federal Trade Commission approves final orders settling charges against two dealers for deceptive advertising.

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Complianceby Brittany-Marie SwansonFebruary 6, 2014

Asbury ‘Very Confident’ About Meeting CFPB’s Requirements

Asbury Automotive Group, which reported a record fourth quarter, does not plan to alter any business practices in response to the CFPB’s scrutiny of rate participation programs. Officials reveal that the dealer group already has already adopted many of the regulator's recommendations.

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Auto Financeby StaffFebruary 6, 2014

Ristken Integrates US Equity Advantage’s Biweekly Payment Offering

Dealers using Ristken’s Menu-Pro will not be able to quote US Equity Advantage’s biweekly payment product directly from the menu tool.

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F&Iby StaffFebruary 6, 2014

RV Warranty Forever Selects Dealer in Arizona

RV Warranty Forever has named Robert Crist and Company RV and World Wide RV the exclusive RV Warranty Forever dealer group in the Phoenix Valley and northern Arizona.

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F&Iby StaffFebruary 6, 2014

Carmakers Blame Sales Declines on Bad Weather

Vehicle OEMs are hopeful for a sales rebound after winter storms pushed down sales in late January. According to Autodata, both the industry SAAR and total sales were down from a year ago.

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