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Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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SEARCHMENUSEARCHWhile new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
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The day Republicans introduced joint resolutions in both houses aimed at blocking the Consumer Financial Protection Bureau’s new arbitration rule, a bureau staffer noted in a blog post that the regulator isn't done writing, issuing and finalizing rules.
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The South Korean OEM placed two models in Kelley Blue Book’s rankings of the 10 Most Awarded Cars of 2017 and earned a spot on KBB’s 10 Most Awarded Brands list.
Read More →The U.S. House passed a joint resolution of disapproval under the Congressional Rule Act to block the CFPB’s rule banning mandatory arbitration clauses in finance contracts. The resolution now needs Senate approval and the president’s signature to repeal the rule, which industry insiders say could impact the sale of F&I products.
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The latest edition of J.D. Power’s APEAL Index shows a nine-point increase from last year’s report.
Read More →Nick Ockwell has joined the loan origination and servicing software provider as its executive vice president of operations for the Americas. The announcement comes less than a year after Five Arrows Principal Investments made a significant equity investment in the firm with the intent to scale the business.
Read More →The connection removes the complexity of adding econtracting for finance sources utilizing MeridianLink’s LoansPQ loan origination system, according to officials.
Read More →KAR Auction Services and TradeRev have partnered to launch a series of integrated transportation, financing and physical auction offerings for auto dealers.
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BDC expert Wendy Reeves will present ‘The ABCs of Success in the BDC’ and ‘Defining the Role & Duties of the Business Development Manager’ at this year’s Special Finance Conference.
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IAS and Industry Summit have teamed up to present ‘Ask Frenchy,’ a contest that will send five lucky dealers and F&I professionals on a free trip to Industry Summit.
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The day after the Consumer Financial Protection Bureau published its new arbitration rule in the Federal Register, House and Senate Republicans filed joint resolutions to block the rule from taking effect in September..
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