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Officials with Penske Automotive Group, which reported a record fourth quarter, said the operation will “wait and see” when it comes to adopting the NADA’s...
https://www.autodealertodaymagazine.com/320762/penske-holds-off-on-adopting-nada-compliance-programThe lawsuit, which was filed last April, now lists 530 dealer plaintiffs, with the firm leading the case reporting that new dealers are being added every day.
https://www.autodealertodaymagazine.com/320803/dealer-count-in-carfax-antitrust-suit-reaches-530The court’s decision will allow the case pitting 148 defunct Chrysler dealerships against the U.S. government to proceed. The dealerships were closed as...
https://www.autodealertodaymagazine.com/320864/u-s-court-of-appeals-rules-in-favor-of-dropped-chrysler-dealersConsumer Portfolio Services CEO Charles Bradley laid out the lender’s compliance efforts during a quarterly earnings call last week. The finance source’s...
https://www.autodealertodaymagazine.com/321493/cps-ceo-finance-source-ahead-of-the-compliance-curveCFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining...
https://www.autodealertodaymagazine.com/321540/cordray-cfpb-disagrees-with-conclusions-of-cra-studyThe tablet-driven, fixed-price F&I process at Asbury’s Q Auto stores didn’t perform as well as the traditional F&I process employed at the group's core...
https://www.autodealertodaymagazine.com/321625/asburys-q-auto-stores-a-work-in-progressCredit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.
https://www.autodealertodaymagazine.com/321636/credit-unions-now-third-largest-auto-lender-type-cudl-reportsThe Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on CarGurus.com after the department...
https://www.autodealertodaymagazine.com/321640/texas-dmv-halts-plan-to-fine-dealers-with-cargurus-listingsThe enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car...
https://www.autodealertodaymagazine.com/321663/texas-dmv-closes-case-against-cargurusAfter three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena...
https://www.autodealertodaymagazine.com/321721/n-y-ag-goes-after-dealer-for-payment-packing