Category: Industry News

Hyundai Capital America to hlep customers hit by Harvey

Posted by crosbyru - August 30, 2017 - Industry News
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Hyundai Capital America out to help customers hit by Harvey IRVINE, Calif. — In a move similar to the one made by the captive for Toyota and Lexus, Hyundai Capital America, which does business as Hyundai Motor Finance, Genesis Finance and Kia Motors Finance, has announced that it is offering payment relief solutions to its […]

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Ford Recalls 200,000 Vehicles

Posted by crosbyru - April 7, 2017 - Industry News
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Ford Recalls More Than 200,000 Vehicles Ford Motor Co. is recalling 208,584 2014 Escape; 2014-15 Fiesta ST; 2013-14 Fusion and 2013-15 Transit Connect vehicles equipped with 1.6L GTDI engines. Financial Solutions

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Latest Car News

Posted by crosbyru - March 28, 2017 - Industry News
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Black Book: Spring Lift in Full Effect Both cars and trucks realized a healthy seasonal boost in wholesale performance last week, with both segments retaining their values better than they have in the past six months.  KBB: Q1 Sales Likely Second Highest on Record The vehicle valuation site said the industry should sell 1.63 million […]

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Current amount of subprime paper is ‘probably a good thing’

Posted by crosbyru - November 10, 2016 - Industry News
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Current amount of subprime paper is ‘probably a good thing’ CHICAGO — With subprime paper representing only about 16 percent of the total outstanding auto finance balance figure TransUnion reported for the third quarter, the bureau’s top industry analyst indicated that’s not too much lower-end paper currently in portfolios. “Overall, it’s probably a good thing,” […]

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Companies might Challenge CFPB

Posted by crosbyru - October 12, 2016 - Industry News
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Companies might challenge CFPB after court ruling CARY, N.C. — More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same day handed out a $28.5 million enforcement action against Navy Federal Credit Union for what […]

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Sham Website Poses as Legitimate Dealership

Posted by carguy - February 17, 2016 - Industry News

Better Business Bureau of Minnesota and North Dakota was alerted recently to a case of business identity theft targeting Import Auto Sales LLC, a used-car dealership located in St. Louis Park, Minn. A fraudulent website with a similar business name and using the company’s physical address attempted to solicit deposits via prepaid debit cards by […]

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AutoNation’s F&I Operations Posts $1,538 Per-Copy Average for 2015 | Sell Auto Notes

Posted by carguy - February 13, 2016 - Industry News

5. AutoNation’s F&I Operations Posts $1,538 Per-Copy Average for 2015   AutoNation’s F&I operations, or what the group refers to as Customer Financial Services, lived above $1,500 in F&I gross profit per vehicle retailed (PVR) in 2015, with the business unit’s full-year revenues rising by $100.5 million from 2014.   Sell your auto notes for […]

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Toyota Motor Credit Settles with CFPB | Sell Auto Notes

Posted by carguy - February 13, 2016 - Industry News

1. Toyota Motor Credit Agrees to Lower Markup Caps to Settle CFPB Allegations The three-year standoff between Toyota Motor Credit, the Justice Department and the CFPB is over, with the captive agreeing to pay up to $21.9 million in restitution to minority borrowers the regulators allege were overcharged on their auto loans. The captive also […]

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Cox Auto names senior VP of corporate development

Posted by carguy - January 19, 2016 - Industry News

Cox Auto names senior VP of corporate development ATLANTA — Cox Automotive announced Tuesday the appointment of Eric Jacobs as the company’s new senior vice president of corporate development. Most recently working for Dealertrack Technologies, Jacobs is now responsible for leading strategic business development for Cox, including mergers and acquisitions, while also continuing to create […]

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NIADA BUYS TWENTY GROUP ASSETS

Posted by carguy - January 18, 2016 - Blog, Industry News

The National Independent Automobile Dealers Association acquired the operations and assets of Leedom & Associates LLCC located in Sarasota, FL. the transaction, completed Dec 14th 2015 and transfers ownership of all Leedom & Associates Twenty Groups, seminars, workshops, boot camps and consulting as well as the Dealer Business Journal and the BHPH World Convention to […]

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