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Longtime Fla. Dealer Passes Away

Vic Osman, who owned operations in four states, passed away Wednesday after a battle with cancer.

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CU Direct’s Auto Lending Network Hits 11,000 Dealers

The company’s CUDL auto lending network reached a new milestone, adding 1,000 dealers since breaking the 10,000-dealer mark less than a year ago. Official also report that CU Direct credit unions generated a record $16.3 billion in auto loans through the network last year.

BLS: Auto Industry Adds 42,000 Jobs Since Last Year

The Bureau of Labor Statistics reports that auto dealers have added 42,000 jobs since January 2013, pushing total employee count to just north of 1.16 million.

TD Bank to Trim U.S. Dealer Network

TD Bank officials said the company will trim down its 9,000 member U.S. dealer network in order to provide better service.

N.J. Dealer Admits to Fraud

The operator and manager of Klause Cars and Trucks Inc. pleaded guilty to wire fraud charges associated with a scheme to defraud finance sources and customers who traded in and bought vehicles at his dealership.

Jeff Schmitt Auto Group Loses BBB Accreditation

The Better Business Bureau suspends the group’s accreditation after it paid more than $500,000 to settle at least 25 lawsuits related to its F&I practices. The operation had an 'A+' rating before it lost its accredidation.

Mix ‘n’ Match

Trisha Winski of Mercedes-Benz of Westwood, Mass., and Grant Wilson of Huffines Kia in Denton, Texas, have found the perfect match for their customers. It’s a suite of products that’s feeding the service drive and their per-unit averages.

Calif. Vintage-Car Dealer Sentenced for Embezzling $200K

Orange County car dealer was sentenced to 16 months in jail for embezzling $200,000 in proceeds from customer vehicles sold on consignment.

DealerRater Redesigns Account Management Hub

The expanded dealer panel for DealerRater’s certified dealer partners provides a quick snapshot of the dealership’s latest reviews and ratings, as well as key employee review statistics. The reporting tool also offers new market pulse data and videos.

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Check the Stubs

Fraudulent paystubs are a serious threat to your dealership and the trust you’ve built with your finance companies. Special finance guru warns that such incidents are on the rise, and customers aren’t the only guilty parties.