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CarFinance Capital completes $238 million asset-backed securitization at the end of May. The transaction comes two months after the finance company renewed and increased its warehouse credit facility to $300 million.
Read More →GLS customers can now process credit apps electronically through the RouteOne platform.
Read More →Edmunds.com President and COO Seth Berkowitz unveiled the Price Promise program this week to the Automotive Press Association in Detroit. The offering allows customers to get real price quotes from dealers before a visit.
Read More →The technology company extends its relationship with Penske, which was originally forged in 2004. Under the extended agreement, Reynolds will provide its ERA-IGNITE to more than 170 Penske retail franchises.
Read More →With the six new additions, TrueCar’s dealer council now includes 20 members who operate 276 franchises in 19 states.
Read More →Porsche, Cadillac and Mazda led the field in brand loyalty improvements, but Ford continued lead the overall industry — which saw brand loyalty rates increase 2 percentage points in the first quarter.
Read More →Eight trade associations request that the Department of Housing and Urban Development and the Consumer Financial Protection Bureau clarify and create guidance related to their use of the disparate impact theory to determine discrimination.
Read More →Deere Employees Credit Union has selected VINtek as its provider of automotive collateral management services, including ELT.
Read More →To handle significant year-over-year increases in volume, SFG Finance has hired vice presidents for its acquisitions, loan servicing and business development sectors.
Read More →Two Tesla-backed bills failed to make it to the voting round this legislative session. The legislation would have exempted Tesla from state franchise laws, allowing the electric carmaker to sell directly to consumers in that state.
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