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Compliance•by Staff•January 2, 2014

Michigan Dealer Loses $94K to Embezzlement

According to The Herald-Palladium, a former employee of a Michigan car dealer pleaded guilty to stealing $94,000 from the store.

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Digital•by Staff•December 31, 2013

Self-Driving Cars Stepping Into the Industry’s Driver’s Seat

New IHS Automotive study predicts sales of self-driving cars will reach 12 million units by 2035. It also expects that 54 million self-driving cars will be on the road globally by 2035.

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F&I•by Staff•December 31, 2013

Compliance, Technology to Headline Vehicle Finance Conference

This year’s conference will feature Patrice Ficklin, assistant director of the CFPB’s Office of Fair Lending, as well as a candid discussion between executives from GM Financial, Toyota Financial Services and Chase Auto Finance.

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F&I•by Staff•December 31, 2013

Hyundai’s VP of Sales to Replace Krafcik as Chief Exec

Today ends John Krafcik’s tenure as president and CEO of Hyundai Motors America. He will be replaced by David Zuchowski, the company’s executive vice president of sales.

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F&I•by Staff•December 31, 2013

Ford Calls Shot, Expects Best-Selling Brand Title for 2013

Ford predicts it will come in as the top-selling marque for 2013, a title it’s held for four straight years.

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F&I•by Staff•December 31, 2013

9 Vehicles Stolen From 3 Calif. Dealers

The vehicles of nine customers at three different dealerships disappeared before being detailed or serviced, the San Jose Mercury News reports.

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Auto Finance•by Staff•December 31, 2013

Ally Granted Financial Holding Company Status

As a financial holding company, Ally is permitted to engage in a broader range of business activities and can continue to operate its insurance and remarketing businesses as part of its dealer financial services operation.

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Compliance•by Staff•December 31, 2013

Open Dealer Exchange: Digital Files Reduce Noncompliance Risk

Open Dealer Exchange, a joint venture between ADP and Reynolds and Reynolds, issued a release saying the Consumer Financial Protection Bureau’s focus on auto lending calls for automated documentation.

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F&I•by Staff•December 31, 2013

Dick Hannah, Children’s Cancer Association Partner for Valentine’s Fundraiser

Dick Hannah Dealerships is partnering with the Children’s Cancer Association for the ninth annual Valentine’s Day for CCA fundraising event.

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Compliance•by Stephanie Forshee•December 26, 2013

Pa. Dealer Cleared in Scam Case Sues Police, Tri-Star Motors

A used-car dealer is suing state police and Tri-Star Motors for falsely implicating him on theft charges. He was accused of conspiring with a Tri-Star used-car manager to undervalue trade-in vehicles so he could buy them at lower prices.

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