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F&Iby StaffDecember 19, 2013

DealerRater Alters 2015 Dealer of the Year Award Program

DealerRater is judging by a new set of criteria for next year’s Dealer of the Year Award Program.

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Digitalby StaffDecember 19, 2013

Equifax Surpasses 34 Million Verifications in 2013

Equifax reached a record level of verifications, processing more than 34 million instant income and employment verifications this year.

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Digitalby StaffDecember 19, 2013

Edmunds.com Releases List of Fastest Selling Vehicles

The 2014 Land Rover Range Rover was named by Edmunds.com as the fastest selling car in in November. The list contains several other familiar names, including the Chevrolet Corvette and Jeep Cherokee.

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Complianceby StaffDecember 19, 2013

Tesla Feeling the Heat in Ohio, California

On the same day a Tesla sedan is revealed to have been the possible cause of a garage fire, a group of Ohio dealers, The Columbus Dispatch reports, is suing Tesla Motors and two state agencies. The suit charges that the electric carmaker’s license violates state law.

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F&Iby StaffDecember 19, 2013

Strong Demand Buoys Wholesale Prices in November, Kontos Reports

Strong retail demand continued to buoy wholesale used-vehicle prices in November, as average prices rose on both a month-over-month and year-over-year basis.

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Complianceby StaffDecember 19, 2013

BHPH Dealer to Refund Late Fees

Iowa Attorney General Tom Miller charged Auto Special Inc. with not complying with state law when it collected late fees from customers who were less than 10 days late on payments.

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Auto Financeby StaffDecember 19, 2013

Dealertrack Credit App Network Tops 1,400 Lender Connections

The Dealertrack Credit Application Network has grown from five lenders in 2001 to more than 1,400 lenders today, allowing dealers to electronically submit application data to a diverse network of banks, independent finance companies, captives and credit unions.

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Digitalby StaffDecember 19, 2013

F&I Admin Partners With dentGuy Network

F&I Administration Solutions LLC has announced a strategic partnership and systems integration with dentGuy Network’s “DASH” System, resulting in the full integration of dentGuy Network’s appearance claims processing solution with F&I Admin’s SCS Auto administration solution.

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Complianceby StaffDecember 19, 2013

Reynolds, VADA Partner on F&I Library

Reynolds and Reynolds’ new Reynolds LAW Virginia F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents, is now available to franchised new-car and -truck dealers in Virginia.

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F&Iby Brittany-Marie SwansonDecember 17, 2013

Hyundai Drops Arbitration Clause

Following a critical piece in the New York Times on the arbitration clause found in its warranty statement, Hyundai drops the policy. The change came a week before the CFPB released its first report on the effect of arbitration agreements on consumers.

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