Categories: Auto Finance, Compliance, Dealer Ops, F&I

According to the regulator, this was the FTC’s first action alleging income falsification by dealerships. Charged are the owners of Tate’s Auto Group, which...

https://www.autodealertodaymagazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps

Categories: Auto Finance, Dealer Ops, Digital, F&I

Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs,...

https://www.autodealertodaymagazine.com/324064/autogravity-names-new-ceo-cto

Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training

The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a...

https://www.autodealertodaymagazine.com/324057/cdk-global-to-acquire-elead1one

Categories: Compliance, Dealer Ops, F&I, Showroom, Training

The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed...

https://www.autodealertodaymagazine.com/324056/ftc-12-partner-agencies-conduct-used-car-rule-compliance-sweep

Categories: Auto Finance, Compliance, Dealer Ops

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled...

https://www.autodealertodaymagazine.com/324042/cfpb-official-who-sued-trump-resigns-drops-suit

Categories: Auto Finance, Dealer Ops, Showroom, Training

Retail sales for the first half of 2018 are expected to be the weakest since 2014, but record transaction prices have consumers on pace to spend nearly $5...

https://www.autodealertodaymagazine.com/324024/lmc-j-d-power-first-half-retail-sales-weakest-in-four-years

Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training

The startup’s war chest now totals $30 million after securing $15 million in new funding. The announcement comes on the heels of two other major...

https://www.autodealertodaymagazine.com/324018/updated-roadster-secures-new-funding-announces-new-ties-with-lithia-lexus

Categories: Auto Finance, Dealer Ops, F&I

For the seventh time since 2015, the Federal Reserve increased the Federal Funds Rate a quarter percentage. Cox Automotive economists say higher interest...

https://www.autodealertodaymagazine.com/323988/fed-reserve-approves-second-rate-hike-of-2018

Categories: Auto Finance, Dealer Ops, F&I

The dream of owning a new vehicle is becoming more elusive for the average American consumer, with the average amount financed and monthly payment for a new...

https://www.autodealertodaymagazine.com/323957/experian-americans-borrow-record-amounts-for-auto-purchases-in-q1

Categories: Auto Finance, Compliance, Dealer Ops, F&I

The president’s signature comes exactly five years and two months after the bureau put the auto finance industry on notice with its controversial guidance...

https://www.autodealertodaymagazine.com/323939/trump-signs-repeal-of-cfpbs-dealer-participation-guidance