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Dealers filed a mass action lawsuit Tuesday against Carfax for monopolizing the market. They claim the quality of the firm’s vehicle history reports is lacking, but dealers also say the exclusive agreements the firm has with OEMs and merchandising sites has forced them to be paying customers.
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DeSimone Auto Group is accused of charging higher finance rates than what customers initially agreed to once they took delivery of a vehicle.
Read More →The below-prime finance source also announces the completion of a new $100 million senior lending facility with Barclays Bank PLC, and plans to open a Western regional office in Phoenix, Ariz.
Read More →Experian Automotive found that buyers of hybrid vehicles, which make up slightly more than 1 percent of total vehicles in operation, aren't just environmentally conscience, they are 'economically minded" as well.
Read More →Fifty-eight recorded sessions encompassing seven tracks for auto dealers and three for truck dealers are available online at www.NADAUniversity.com.
Read More →CU Direct Corporation partners with Canada’s largest credit union to develop eSpaceAuto.com, which will connect its members to 2,200 auto dealer and merchant partners throughout Quebec.
Read More →Based on the new-vehicle selling rate, J.D. Power and Associates says the industry is on pace to retail 15.4 million units this year. LMC’s forecast remains at 15.9 million units for 2013.
Read More →Eighty-six percent of readers of the business trade publication favor direct-to-consumer sales of electric vehicles, according to a recent poll from Austin Business Journal.
Read More →Since purchasing the assets and platform of Resurgent Auto Finance last August, Global Lending Services has expanded its footprint into 19 states.
Read More →Auto/Mate’s recent survey found that integration with a DMS was the most important consideration when it comes to selecting a CRM. The DMS vendor also released a free e-Book.
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