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LAFAYETTE, Colo. — KPA Services LLC, a provider of environmental health and safety, HR management and F&I technology-enabled services and software as a service (SaaS) solutions, today announced the acquisition of Automotive Compliance Consultants Inc. ACC provides a dealership compliance program combining software and in-person consulting, with an emphasis on F&I, privacy, fair lending and ... Read More »
Read More →SAN FRANCISCO — Roadster is on the move. The startup has secured additional funding and added the largest Toyota dealership in the world to its digital retailing platform. The ecommerce solution provider today announced that Penske Motor Group’s flagship dealership, Longo Toyota, is now plugged into its Express Storefront ecommerce platform. The El Monte, Calif-based ... Read More »
Read More →CINCINNATI — Swapalease.com released its quarterly lease trends report for the second quarter of 2017. The report shows that only three brands increased in search traffic from the first quarter. Infiniti, Ram and Chrysler saw a rise in search traffic by 10%, 5% and 3%, respectively. Among domestic brands, GMC saw the largest decrease in ... Read More »
Read More →DALLAS — Startup Fastlane this week launched a new ecommerce platform for automotive dealerships. It offers dealers the ability to customize and brand their online car-buying experience, while providing customers with a start-to-finish purchasing process. Dealers use Fastlane to showcase their inventory, help their customers pick out the car they want, and choose other purchase components such as ... Read More »
Read More →NEWARK, N.J. — Sansone Hyundai has agreed to pay $136,000 to resolve charges that it failed to disclose the total price of certain advertised vehicles and charged consumers for F&I products listed at “no charge” on certain leases and sales contracts,” New Jersey Attorney General Christopher S. Porrino and the state’s Division of Consumer Affairs ... Read More »
Read More →NEW YORK — AmTrust Financial Services Inc. today announced that Jackie Banks, an experienced F&I industry executive, has joined the company as vice president of reinsurance for its Special Risk division. She will be responsible for all aspects of reinsurance for the division, including sales support, training and development of staff, as well as general ... Read More »
Read More →CHICAGO — Subprime originations registered their first decline since 2012, according to TransUnion’s quarterly Industry Insights Report. It found that 4.63 million subprime consumers originated an auto loan or lease, personal loan, or credit card in the first quarter, down from 4.89 million in the first quarter of 2016. The firm attributed the decline to ... Read More »
Read More →ALBANY, N.Y. — Nissan of New Rochelle will pay more than $298,000 to settle claims that the dealership willfully defrauded 298 car buyers of a total of $276,127 by tacking on a window-etch program that included a “Total Loss Protection” benefit after customers had agreed to a price for the vehicle and often without their ... Read More »
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