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The Senate is expected to vote on the Restoring American Financial Stability Act (S. 3217) this week. And unlike its House counterpart, the Senate bill does not exempt auto dealers from a new regulatory agency, which would have broad authority to regulate most financial services.
Read More →Sen. Sam Brownback (R-Kan.) is planning to offer an amendment to exempt auto dealers from the financial regulation bill when the Senate considers the proposed legislation as early as next week.
Read More →With lenders in a better mood these days, could we see a return to normalcy? Well, not so fast. Consumers still need some TLC.
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Dealers at the industry's annual get-together said the Internet will set the terms for the market's recovery.
Read More →Chrysler Group LLC announced March 26 that it intends to reinstate 50 arbitrating dealers whose contracts were rejected as part of OldCarCo’s bankruptcy proceedings last year.
Read More →Lending to the nation’s 17,000 franchised dealers to purchase new- and used-vehicle inventory continues to lag, making it a top issue for the National Automobile Dealers Association (NADA). The dealer association said that a hearing on Feb. 25 by the Congressional Oversight Panel on the Troubled Asset Relief Program (TARP) highlights the ongoing need to provide more liquidity for auto business lending.
Read More →NADA Used Car Guide (NADA) has introduced auction values to its electronic product line. These new values are updated weekly to help customers better understand pricing activity for the disposal or purchase of a vehicle in the dynamic auction remarketing channel.
Read More →NADA University, a new online education and training resource for auto dealers set to launch at the National Automobile Dealers Association (NADA) annual convention, in Orlando, Fla., Feb. 13-15, will feature a first-of-its-kind “Learning Hub” center designed to drive dealership performance and profitability.
Read More →CUDL, which administers the nation’s largest auto lending network for credit unions, will represent its more than 750 partnering credit unions at the 2010 National Automobile Dealers Association (NADA) Convention.
Read More →In what is expected to have a big impact on the special-finance marketplace, the Federal Trade Commission (FTC) and the Federal Reserve Board (FRB) issued in late December finalized rules that will require creditors, including dealers, to alert consumers when derogatory credit data causes them to receive less than optimal terms. The rule is expected to take effect Jan. 1, 2011.
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