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A used-car company pleaded guilty to failing to report cash transactions over $10,000 at its dealerships. The DEA alleges the company allowed drug traffickers to launder their profits by buying cars.
Read More →Edmunds.com will “take over” the showrooms of Bommarito Nissan/Honda/Volkswagen/Ford of Hazelwood to provide St. Louis with an exclusive car-shopping experience.
Read More →The former operator of a West Texas dealership and two others are accused of devising a plan to approve loans for customers who did not meet a credit union’s lending standards. The credit union lost $3.9 million as a result of the scam.
Read More →Auto dealer Koroush Ghasemi of ABC Auto Sales in Denver is under investigation after more than 40 former clients claimed the dealer never sent them titles for their new vehicles.
Read More →Sonic Automotive will open standalone pre-owned specialty retail stores in 2014, as well as implement the One Sonic-One Experience to cut down on the time it takes to sell a vehicle.
Read More →According to Haystak Digital Marketing, the Yahoo! Bing network is delivering conversion rates at lower costs for auto dealers, Clickz.com reports.
Read More →Digital Air Strike and Cars.com are partnering on a new “customer verified” review integration. The new platform pulls from the dealer’s DMS to identify customers who are likely to write a review on Cars.com.
Read More →CNW Research issued a warning this week, reporting that lease contracts have been overestimating residual values by roughly 14 percent in 2013. The firm expects automakers to lose between $5 billion and $8 billion within three years.
Read More →Patent-pending technology enables dealership websites to accurately predict visitor preferences, allowing dealers to match in-stock vehicles to customer preferences.
Read More →CNW Research says the government shutdown was like ‘putting a dam on a river.’ But when will that pent-up demand be released?
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