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Categories: Compliance, Dealer Ops, Showroom
Jury Orders Reagor to Pay Ford Credit $53M

A jury deliberated for less than an hour before deciding Reagor Dykes’ Bart Reagor owes Ford Motor Credit Co. the full amount it demanded following an...

https://www.fi-magazine.com/358862/jury-orders-reagor-to-pay-ford-credit-53m
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Detroit, Japan Factories Suffer in Short September Sales Report

U.S. sales of new cars and light trucks fell 12% year-over-year in September, suppressed in part by a Labor Day weekend allotted to August. Few were spared...

https://www.autodealertodaymagazine.com/358845/detroit-japan-factories-suffer-in-short-september-sales-report
Categories: Compliance, Fixed Ops, Showroom
Hyundai Claims Dealer Fraud Forced $5M in Repurchases

Hyundai North America has sued a Pennsylvania dealer for fraud, claiming he bilked the automaker for $5 million by buying up hundreds of used Sonatas and...

https://www.autodealertodaymagazine.com/358809/hyundai-claims-dealer-fraud-forced-5m-in-repurchases
Categories: Compliance, Dealer Ops, Showroom
Mystery Surrounds Seattle Dealership Closures

Five motorcycle dealerships owned by Microsoft executive Howard Crow were suddenly shuttered last week. Managers and staff have returned, without pay, to...

https://www.autodealertodaymagazine.com/358781/mystery-surrounds-seattle-dealership-closings
Categories: Dealer Ops, Showroom
Ind. Dealer Courtney Cole Loses Cancer Battle

Courtney Cox Cole, the former sixth-generation co-owner of Indiana’s Hare Chevrolet and member of the Indiana Basketball Hall of Fame, has died at 48 from...

https://www.autodealertodaymagazine.com/358724/ind-dealer-courtney-cole-loses-cancer-battle
Categories: Auto Finance, Dealer Ops, F&I, Industry, Showroom
Fed Cuts Interest Rates Again, Stock Market Responds

Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this...

https://www.fi-magazine.com/358304/fed-cuts-interest-rate-again-stock-market-responds
Categories: Dealer Ops, Fixed Ops, Industry, Showroom
World’s First Carbon-Neutral Dealership Changes Hands

Motorcars Honda of Cleveland Heights has been purchased and renamed by the nine-store Foundation Automotive group. The Ohio store was recognized by BP as...

https://www.autodealertodaymagazine.com/358291/worlds-first-carbon-neutral-dealership-changes-hands
Categories: Auto Finance, Compliance, Dealer Ops, Industry
NADA Mounts Opposition to Enhanced Safeguards Rule

National Automobile Dealers Association officials have told the FTC that proposed new provisions to the Safeguards Rule may be unnecessary and could cost...

https://www.fi-magazine.com/358185/nada-mounts-opposition-to-enhanced-safeguards-rule
Categories: Dealer Ops, Industry, Showroom
SAAR Fails to Crack 17M Despite Record August Sales

U.S. sales of new cars and light trucks fell 1.2% year-over-year in August, a sales month that extended through the Labor Day weekend and set new records...

https://www.autodealertodaymagazine.com/358123/saar-fails-to-crack-17m-despite-record-august-sales
Categories: Dealer Ops, Industry, Showroom
Fiat Deletes 500 From North American Lineup

2019 marks the last model-year for the Fiat 500, 500e, and 500 Abarth in the U.S. and Canada, ending a 10-year production run and leaving the 500X CUV,...

https://www.autodealertodaymagazine.com/358091/fiat-deletes-500-from-north-american-lineup


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