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Categories: Auto Finance, Compliance, Dealer Ops, Industry
S.C. Dealer Sues Former GM, F&I Manager

Hoover Mitsubishi’s Mark Hoover has sued two former employees accused of doctoring auto loan applications, a scheme that led to an FBI raid and the...

https://www.agent-entrepreneur.com/357942/s-c-dealer-sues-former-gm-fi-manager
Categories: Meet the Executive
An Interview with Mark Nagelvoort

P&A keeps up with the needs of a demanding market with Mark Nagelvoort, president and CEO of PCMI Corp.

http://www.providers-administrators.com/357928/an-interview-with-mark-nagelvoort
Stay in Your Lane, Mr. Dealer. We’ll Be There Too.

Manufacturers can’t resist any opportunity to put their hand in the dealer’s wallet, but a recent lawsuit proves the consequences of any incursion on your...

https://www.autodealertodaymagazine.com/357660/stay-in-your-lane-mr-dealer-well-be-there-too
Categories: Meet the Executive
An Interview with Finbarr O'Neill

AE looks for practical solutions with Finbarr O’Neill, chairman and CEO of APCO Holdings, home of the EasyCare and GWC Warranty brands.

https://www.agent-entrepreneur.com/357891/an-interview-with-finbarr-oneill
Categories: Summit Updates
Agent Summit Achieves Total Domination

Agent Entrepreneur catches up with four Agent Summit speakers to ask how their presentations answered critical concerns for the F&I industry, what kind of...

https://www.agent-entrepreneur.com/357887/agent-summit-achieves-total-domination
Categories: Operations
Dealer Days' Supply Hits 71 on Weaker Sales

The number of unsold new cars and light trucks at U.S. dealerships reached nearly 3.8 million at the start of August, a 71-day supply.

https://www.vehicleremarket.com/338352/dealer-days-supply-hits-71-on-weaker-sales
Categories: Dealer Ops, Showroom
Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

https://www.autodealertodaymagazine.com/357856/days-supply-hits-71-on-weaker-sales
Categories: Dealer Ops, Showroom
Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

https://www.fi-magazine.com/357856/days-supply-hits-71-on-weaker-sales
Categories: Compliance, Dealer Ops, Fixed Ops
Va. Parts Manager Faces 20 Years for Embezzlement

A former dealership employee was accused of systematically scrapping nearly $250,000 worth of catalytic converters and selling them to a recycling center...

https://www.autodealertodaymagazine.com/357854/va-parts-manager-faces-20-years-for-embezzlement
Categories: Compliance, Dealer Ops, Fixed Ops
Va. Parts Manager Faces 20 Years for Embezzlement

A former dealership employee was accused of systematically scrapping nearly $250,000 worth of catalytic converters and selling them to a recycling center...

https://www.fi-magazine.com/357854/va-parts-manager-faces-20-years-for-embezzlement
Categories: Dealer Ops, Showroom
Nissan Takes Step Back in Full-Size Truck Market

Nissan will end production of the diesel V-8 variant of the Titan XD in December after failing to capture more than a fraction of U.S. full-size pickup...

https://www.autodealertodaymagazine.com/357821/nissan-takes-step-back-in-full-size-truck-market
Categories: Dealer Ops, Showroom
Nissan Takes Step Back in Full-Size Truck Market

Nissan will end production of the diesel V-8 variant of the Titan XD in December after failing to capture more than a fraction of U.S. full-size pickup...

https://www.fi-magazine.com/357821/nissan-takes-step-back-in-full-size-truck-market
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

https://www.autodealertodaymagazine.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

https://www.fi-magazine.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

http://www.providers-administrators.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

https://www.agent-entrepreneur.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Compliance
Fla. Chevrolet Dealership Agrees to Million-Dollar Settlement

The former owners of Jacksonville, Fla.’s Riverside Chevrolet will pay more than $1 million in restitution and fines to settle charges of failing to pay...

https://www.autodealertodaymagazine.com/357740/fla-chevrolet-dealership-agrees-to-million-dollar-settlement
Categories: Compliance
Fla. Chevrolet Dealership Agrees to Million-Dollar Settlement

The former owners of Jacksonville, Fla.’s Riverside Chevrolet will pay more than $1 million in restitution and fines to settle charges of failing to pay...

https://www.fi-magazine.com/357740/fla-chevrolet-dealership-agrees-to-million-dollar-settlement
Categories: Compliance
Father/Son Dealers Face Federal Fraud Charges

Mehdi and Saaed Moslem have been charged with tax and bank fraud after IRS and FBI investigators say they uncovered a scheme to hide — then inflate — income...

https://www.autodealertodaymagazine.com/357738/father-son-dealers-face-federal-fraud-charges
Categories: Compliance
Father/Son Dealers Face Federal Fraud Charges

Mehdi and Saaed Moslem have been charged with tax and bank fraud after IRS and FBI investigators say they uncovered a scheme to hide — then inflate — income...

https://www.fi-magazine.com/357738/father-son-dealers-face-federal-fraud-charges
Categories: Auto Finance, Dealer Ops, F&I
Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional...

https://www.autodealertodaymagazine.com/357733/report-longer-commute-bigger-auto-loan
Categories: Auto Finance, Dealer Ops, F&I
Report: Longer Commute, Bigger Auto Loan

LendingTree analysts have discovered a correlation between commute times and auto loan balances, finding that car buyers borrow $269 for every additional...

https://www.fi-magazine.com/357733/report-longer-commute-bigger-auto-loan
Categories: Dealer Ops, Industry, Showroom
SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted...

https://www.autodealertodaymagazine.com/357726/saar-dips-to-16-6m-in-watershed-sales-report
Categories: Dealer Ops, Industry, Showroom
SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted...

https://www.fi-magazine.com/357726/saar-dips-to-16-6m-in-watershed-sales-report
Categories: Dealer Ops, Industry, Showroom
SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted...

http://www.providers-administrators.com/357726/saar-dips-to-16-6m-in-watershed-sales-report
Categories: Dealer Ops, Industry, Showroom
SAAR Dips to 16.6M in Watershed Sales Report

July deliveries increased 1.3% in the first monthly U.S. new-vehicle sales report to include none of the Detroit 3 automakers, but the seasonally adjusted...

https://www.agent-entrepreneur.com/357726/saar-dips-to-16-6m-in-watershed-sales-report
Categories: Dealer Ops, F&I, Product & Technology
AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per...

https://www.autodealertodaymagazine.com/357717/autonation-nears-2-000-pvr-as-big-groups-grow-fi
Categories: Dealer Ops, F&I, Product & Technology
AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per...

https://www.fi-magazine.com/357717/autonation-nears-2-000-pvr-as-big-groups-grow-fi
Categories: Dealer Ops, F&I, Product & Technology
AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per...

http://www.providers-administrators.com/357717/autonation-nears-2-000-pvr-as-big-groups-grow-fi
Categories: Dealer Ops, F&I, Product & Technology
AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per...

https://www.agent-entrepreneur.com/357717/autonation-nears-2-000-pvr-as-big-groups-grow-fi
Categories: Auto Finance, Dealer Ops, F&I, Industry
Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt...

https://www.autodealertodaymagazine.com/357714/cornered-fed-announces-first-rate-cut-since-2008
Categories: Auto Finance, Dealer Ops, F&I, Industry
Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt...

https://www.fi-magazine.com/357714/cornered-fed-announces-first-rate-cut-since-2008
Categories: Auto Finance, Dealer Ops, F&I, Industry
Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt...

http://www.providers-administrators.com/357714/cornered-fed-announces-first-rate-cut-since-2008
Categories: Auto Finance, Dealer Ops, F&I, Industry
Cornered Fed Announces First Rate Cut Since 2008

Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt...

https://www.agent-entrepreneur.com/357714/cornered-fed-announces-first-rate-cut-since-2008
Are We Not Capitalists?

Opponents of franchise laws claim they hang on flawed logic, discourage competition, and benefit dealers to the detriment of consumers.

https://www.fi-magazine.com/357691/are-we-not-capitalists
Categories: Compliance, Dealer Ops, Showroom
Dealer Sues Over Lexus Point Lost in 1989

Longtime Wichita, Kan., Toyota dealer Mike Steven has sued the factory’s luxury division, claiming more than $120 million in damages stemming from a...

https://www.autodealertodaymagazine.com/357632/dealer-sues-over-lexus-point-lost-in-1989
Categories: Compliance, Dealer Ops, Showroom
Dealer Sues Over Lexus Point Lost in 1989

Longtime Wichita, Kan., Toyota dealer Mike Steven has sued the factory’s luxury division, claiming more than $120 million in damages stemming from a...

https://www.fi-magazine.com/357632/dealer-sues-over-lexus-point-lost-in-1989
Categories: Electric, Global Fleet, Green Fleet, Suppliers, Sustainability, Vehicle Research
Tesla Drops Base Models, Hikes Prices

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

https://www.chargedfleet.com/336377/price-hike-tesla-drops-base-models
Categories: Electric, Global Fleet, Green Fleet, Suppliers, Sustainability, Vehicle Research
Tesla Drops Base Models, Hikes Prices

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

https://www.automotive-fleet.com/336377/price-hike-tesla-drops-base-models
Categories: Dealer Ops, Industry, Showroom
Price Hike: Tesla Drops Base Models

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

https://www.autodealertodaymagazine.com/357519/price-hike-tesla-drops-base-models
Categories: Dealer Ops, Industry, Showroom
Price Hike: Tesla Drops Base Models

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

https://www.fi-magazine.com/357519/price-hike-tesla-drops-base-models
Categories: Dealer Ops, Industry, Showroom
Price Hike: Tesla Drops Base Models

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

http://www.providers-administrators.com/357519/price-hike-tesla-drops-base-models
Categories: Dealer Ops, Industry, Showroom
Price Hike: Tesla Drops Base Models

The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants...

https://www.agent-entrepreneur.com/357519/price-hike-tesla-drops-base-models
Categories: Product & Technology
Digital F&I Is in a Race Against Time

P&A caught up with Axiom’s Michael Reth following his presentation at the inaugural Technology Challenge.

http://www.providers-administrators.com/357531/digital-fi-is-in-a-race-against-time-2
Categories: Compliance, Dealer Ops, Fixed Ops, Industry, Showroom
Calif. Dealer Wins $15.8M in Toyota Lawsuit

An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer...

https://www.autodealertodaymagazine.com/357507/calif-dealer-wins-15-8-in-toyota-lawsuit
Categories: Compliance, Dealer Ops, Fixed Ops, Industry, Showroom
Calif. Dealer Wins $15.8M in Toyota Lawsuit

An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer...

https://www.fi-magazine.com/357507/calif-dealer-wins-15-8-in-toyota-lawsuit
Categories: Compliance, Dealer Ops, Fixed Ops, Industry, Showroom
Calif. Dealer Wins $15.8M in Toyota Lawsuit

An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer...

http://www.providers-administrators.com/357507/calif-dealer-wins-15-8-in-toyota-lawsuit
Categories: Compliance, Dealer Ops, Fixed Ops, Industry, Showroom
Calif. Dealer Wins $15.8M in Toyota Lawsuit

An Orange County jury found in favor of Toyota dealer Roger Hogan, who sued the factory for fraud and breach of contract amid claims the manufacturer...

https://www.agent-entrepreneur.com/357507/calif-dealer-wins-15-8-in-toyota-lawsuit
Categories: Operations
Denver’s Leading Fleet Rises Above the Rest

Director of Fleet Management Brad Salazar reflects on his 19 years with Denver’s Public Works Department and the honor of being named the No. 1 Leading...

https://www.government-fleet.com/336035/denvers-leading-fleet-rises-above-the-rest
Categories: Dealer Ops, Showroom
A Little More Auction: Elvis-Owned Lincoln, Harley, GMC for Sale

Elvis Presley’s 1973 Lincoln Continental stretch limo, 1976 Harley-Davidson Electra Glide, and 1967 GMC pickup will be on the block at Kruse GWS Auctions’...

https://www.autodealertodaymagazine.com/357480/a-little-more-auction-elvis-owned-lincoln-harley-gmc-for-sale


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