The subprime finance source has selected Dealertrack's Accelerated Title solution to handle its title and release process for dealers accepting cars in on trade.
A dealership that accepted trade-ins with remaining loan balances and then failed to pay off those balances before reselling the cars to unwitting consumers was ordered to permanently close. The owner is prohibited from ever operating a car dealership in the state.
A new brand loyalty report from CarFinance.com found that below-prime car buyers are less loyal than the average car buyer. Kia topped the list of brands this group is most loyal to.
A used-car dealer is suing state police and Tri-Star Motors for falsely implicating him on theft charges. He was accused of conspiring with a Tri-Star used-car manager to undervalue trade-in vehicles so he could buy them at lower prices.
NADA Used Car Guide analyst Jonathan Banks anticipates trade-in values to stay high throughout 2012.
DMEautomotive announced the launch of Best Chance Equity Communications, a program designed to help dealers build up late-model, used-vehicle inventory, move more new vehicles and increase customer sales retention.
Family First Dealer Services LLC and BBVA Compass Bank announced the addition of Trade-In Protection to its approved list of optional products for sale through its’ Motor Vehicle Retail Installment Dealers.
Edmunds.com determined that in the past few weeks approximately 100,000 car shoppers have been preparing to buy a car in the past few weeks, but none have yet to close a deal.
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