AE Magazine
MENU
SEARCHMENUSEARCH
IRVING, Texas — Exeter Finance Corp. announced last week that Exeter Funding II, a special purpose Delaware limited liability company and wholly owned subsidiary of the company, completed the renewal and extension of its warehouse funding facility. In conjunction with the renewal, the company increased available capacity to $1.65 billion, a $575 million, or 54% ... Read More »
Read More →CLEARWATER, Fla. — AutoLoop’s new Instant Online Leads feature brings real-time alerts to sales personnel when prospective buyers are searching for vehicles online. Alerts are triggered by a customized form that online shoppers can fill out requesting follow-up information through a dealership’s website. The feature was added to AutoLoop’s Essentials marketing platform which is an ... Read More »
Read More →NEW YORK — Spencer Re, a Spencer Capital Holdings company, today announced that Brian Feldman has joined the firm as executive vice president. “We are excited to welcome Brian to Spencer Re. His diverse F&I experience brings a unique understanding of the business to the firm,” said Ken Shubin Stein, chairman of Spencer Capital Holdings. ... Read More »
Read More →The death toll from accidents involving General Motors cars with a defective ignition switch has edged up again, reported The New York Times. In a weekly update of claims filed to the victim compensation program run by the compensation expert Kenneth R. Feinberg, the program disclosed that 21 death claims had been deemed eligible for ... Read More »
Read More →ST. LOUIS, Mo. – Wise F&I LLC, a leading finance and insurance product provider, integrated with MenuVantage, a web-based menu system. The integration with MenuVantage allows for Wise F&I products to be sold through MenuVantage, which offers a custom DMS integration menu selling system for automotive dealers. The advantages of this electronic integration between Wise ... Read More »
Read More →WASHINGTON – More than 400 new-car dealers and dealer association executives from across the country traveled to the nation’s capital last week urging lawmakers to support a new bipartisan bill that nullifies the Consumer Financial Protection Bureau’s flawed “guidance” on auto lending (NADA). H.R. 5403 – Reforming CFPB Indirect Auto Financing Guidance Act – sponsored ... Read More »
Read More →ORLANDO, Fla. — US Equity Advantage (USEA), a provider of biweekly loan processing for the automotive industry, has added two new components to its compliance practices: a code of ethics and certification test for dealership partners. They are designed to further enhance the consumers’ understanding of the costs and benefits associated with the company’s biweekly ... Read More »
Read More →DALLAS — This week, Northwood University and EFG Companies announced a national partnership to host thought leadership forums, develop specialized continuing education programs, conduct joint industry research, and cross-publish content. Under this new agreement, Northwood University has granted EFG Companies a seat on its National Automotive Marketing Advisory Board to represent the Finance & Insurance ... Read More »
Read More →Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors’ failure to promptly report and recall cars with defective parts that led to at least 19 deaths, reported Reuters. A report released by a House committee earlier on Tuesday said officials at the National Highway Traffic ... Read More »
Read More →BOSTON — The state’s highest court on Monday upheld the right of Tesla Motors to sell directly to Massachusetts consumers, rather than through a dealership network, reported 90.9wbur. Dealers including Herb Connolly Chevrolet sued to stop Tesla from selling its high-end electric cars from its store in the Natick Mall, saying Tesla was essentially operating ... Read More »
Read More →