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U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company “have to get their act in gear” to speed up repairs of recalled Jeep SUVs that face a heightened fire risk, reported Reuters. David Friedman, deputy director of the National Highway Traffic Safety Administration, was asked by reporters ... Read More »
Read More →ORLANDO, Fla. – US Equity Advantage® (USEA) members are highly satisfied with the quality and value of the company’s AutoPayPlus early loan payoff service, according to a member satisfaction survey conducted in August 2014. Approximately 90 percent of respondents said the AutoPayPlus program met or exceeded expectations for overall quality. Additionally, 95 percent said AutoPayPlus ... Read More »
Read More →COLLEYVILLE, TEXAS – Michael A. Tuno, founder and president of World Class Dealer Services (WCDS), joined the ranks of a handful of professionals who have advanced to the second round of the Association of Finance & Insurance Professional’s (AFIP’s) master certification program. Tuno first attained master status two years ago when AFIP introduced the top-level ... Read More »
Read More →DALLAS, TX – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced the launch of Certified Hide™, a motorcycle certified pre-owned (CPO) program that increases motorcycle unit sales by enhancing dealership pre-owned offerings. Certified Hide gives dealerships a purchase-motivating tool to increase pre-owned motorcycle sales with a 106-point inspection, complimentary 30-day, 60-day, or ... Read More »
Read More →The U.S. auto safety regulator has told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal, reported Reuters. The National Highway Traffic Safety Administration (NHTSA) also scolded Takata for what it called “an unwillingness ... Read More »
Read More →WASHINGTON, D.C. – The American Financial Services Association offered its latest rebuttal this morning to contentions by the Consumer Financial Protection Bureau about problems with the indirect auto financing process, reported Auto Remarketing. A comprehensive study commissioned by AFSA of more than 8.2 million auto financing contracts found that the disparity alleged by the CFPB ... Read More »
Read More →LOS ANGELES – The good times will keeping rolling for the auto industry next year, with higher sales and continued low gasoline prices, the National Automobile Dealers Association’s chief economist predicts, reported Detroit Free Press. Sales of new vehicles, already on pace to top 16 million for the first time since the mid-2000s, will increase ... Read More »
Read More →LOS ANGELES— Håkan Samuelsson has an admirable vision for Volvo Car Corp. By 2020, the company’s chief executive says no one will be seriously killed or injured in a new Volvo, reported The WSJ. In order to make it to 2020, however, Mr. Samuelsson needs to turn around a U.S. unit that is losing market ... Read More »
Read More →ALBANY, N.Y. — Auto/Mate Dealership Systems has completed integration of its dealership management system, Automotive Management Productivity Suite (AMPS), with BMW of North America (BMWNA)’s DMS Data Transfer system. BMW dealers using Auto/Mate’s DMS can now enjoy seamless bi-directional information exchange with BMWNA. “Having a fully integrated solution will save BMW dealers both time and ... Read More »
Read More →SANTA BARBARA, Calif. — ALG, TrueCar’s analytics division, named Land Rover and Toyota as the top premium and mainstream brands during its 15th annual Residual Value Awards. The awards program looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after a three-year period. The awards will be presented ... Read More »
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