May brought with it two fewer selling days and year-over-year sales declines for most manufacturers. Only four manufacturers — FCA, Hyundai, Kia and Volvo — performed better last month than the same period last year.
Read More →RouteOne’s board of directors has named Justin Oesterle as the company's new CEO. Like his predecessor Mike Jurecki, who will officially assume his new role as CEO of FordDirect this Monday, Oesterle has been with the company since its inception in 2002.
Read More →The Consumer Financial Protection Bureau used its field hearing today to issue its proposed rule targeting what Director Richard Cordray called “payday debt traps.”
Read More →The F&I product provider reported a 72% year-over-year increase in new dealers actively selling its programs, as well as a 51% increase in new agent signups for the same period.
Read More →Based on its May sales totals, the American International Automobile Dealers Association (AIADA) reported that a larger percentage of new vehicles sold during the month came from international brands.
Read More →The company also received the Gold Dealers’ Choice Award in the reinsurance provider category. Combined with this year's honors, CNA National has collected 20 Dealers’ Choice Awards since the competition began in 2005.
Read More →Protective Asset Protection earned a Platinum award in the service contract provider category of Auto Dealer Today's 2016 Dealers's Choice Awards.
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A new study from TransUnion shows that prime or better mortgage applicants are up to three times as likely to open a new auto loan within 12 months of a mortgage inquiry.
Read More →The federal agency said Sands Chevrolet violated the Safety Act for selling and delivering new vehicles without fixing safety-related defects. Along with the fine, the dealership was ordered to show that it has taken, or will take, steps to ensure it does not violate the Safety Act again, the settlement agreement states.
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Reuters reported yesterday that former Zurich Insurance CEO Martin Senn has committed suicide, the second top executive at the group to take his own life in less than three years.
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