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CFPB Director Richard Cordray responded Monday to lawmaker demands for information on the bureau’s investigation of the indirect financing channel. The director delivered his response a day before Ally revealed in a filing with the SEC that it may be facing ECOA violations.
Read More →The reopening of government in mid-October helped used-vehicle sales realize a 3.63 percent increase from a year ago, CNW Research calling the increase “somewhat weaker” than expected.
Read More →Not only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four years ago, Experian Automotive reports.
Read More →In a town meeting in Lowell, Mass., Monday night, the Lowell Sun reports the city signed off on zoning changes that prohibit future car dealerships to be developed in its town center.
Read More →MPi and Jaguar Land Rover North America are partnering to offer Jaguar and Land Rover retailers an enrollment incentive for MPi’s EDGE WorldClass solution. The solution standardizes inspections, estimates and recommendations.
Read More →This marks the fourth consecutive year that Auto/Mate was named by the Albany Business Review as one of the “Best Places to Work.”
Read More →Paul Johnson, who resigned from his chief executive role at Kelley Blue Book in February 2012, has joined the board of directors for the recently launched LotLinx. The board includes former AOL, Google Automotive, Dealix and Autobytel executives.
Read More →Part of the SmartDealerProducts suite, the SmartP.R.U. web-based reporting and analytics tool acquires data from Reynolds and Reynolds, ADP, DealerTrack DMS and PBS.
Read More →According to the latest monthly report from the Government Accountability Office, General Motors might not have regained its competitiveness in the market despite the improvements its made since 2008.
Read More →Through the new relationship, Jumpstart will now reach 26 million unique visitors each month. And by outsourcing its ad sales function, Autobytel hopes to expand advertising revenue opportunity.
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