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NEW YORK — Ally Financial’s 2015 originations total remained flat from a year ago, with the former captive originating $41 billion in auto loan in 2015, the firm announced this week. But that’s losing General Motors’ subvented lease business last year. Ally had originally projected originations in the high $30 billion range for the year, ... Read More »
Read More →TORRANCE, Calif. — Toyota’s Scion experiment had ended, with the automaker announcing on Wednesday that the youth-geared brand will be transitioned back into the Toyota brand. The announcement comes almost 13 years after the automaker established Scion as a separate brand to explore new products and processes that attract youth customers. The automaker said model-year ... Read More »
Read More →Honda Motor Co’s order that its U.S. dealers stop selling some 2.2 million of the automakers’ most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects, reports Reuters. With the recalls affecting Honda vehicles dating back several years, used-car ... Read More »
Read More →DALLAS – EFG Companies revealed key market insights to drive dealership profitability through a third-party research survey of 1,000 consumers who purchased a pre-owned motorcycle within the last 24 months on their perceptions surrounding Certified Pre-Owned programs. Key Findings: 95% said the availability of a CPO program would impact the dealer from which they purchased ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has introduced a new, modern, refreshed version of GWCWarranty.com. Highlighted by a renewed design that is easy to navigate with helpful interactive content and intuitive contact tools, the new GWCWarranty.com was designed ... Read More »
Read More →DALLAS, Tex. – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today announced the launch of a Certified Pre-Owned Program designed specifically to grow powersports dealer business and drive loyalty through National Powersport Auctions (NPA), the number one provider of auction and remarketing services in the powersports industry. For more information on the ... Read More »
Read More →LAKE SUCCESS, N.Y. — Dealertrack has released the 2016 edition of its Dealertrack Compliance Guide in print and online formats. The guide, written for dealers and is free of charge, is designed to help dealers protect their dealerships from audits, fines and consumer fraud. The new edition contains new Federal laws — including new regulations governing dealer advertising — ... Read More »
Read More →WESTERVILLE, Ohio – Westerville OH-based National Auto Care Corp. markets F&I products through its national network of independent agents. According to CEO Tony Wanderon, the company’s core focus is increasing these agent partners’ profitability by providing unique F&I product offerings and personalized sales support. For 2016, National Auto Care Corp. has introduced several products to ... Read More »
Read More →COLLEYVILLE, Tex. – The Association of Finance & Insurance Professionals (AFIP) announced that Gulf States Financial Services Group’s entire dealer-support cadre completed the AFIP Certified F&I Professional program in 2015. David Robertson, AFIP executive director, conducted a review and proctored the certification exam in the final round of testing at the firm’s Houston home office ... Read More »
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