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LOS ANGELES — Westlake Financial Services has reached a significant milestone of $2 billion in total receivables with more than 270,000 customer accounts. The achievement was met in July 2014, which was the best production for July in Westlake history. “Having a portfolio of $2 billion dollars is a huge accomplishment,” said Don Hankey, chairman ... Read More »
Read More →The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired, reported The Detroit News. The National Highway Traffic Safety Administration said the service started Wednesday on its website, www.safercar.gov. Drivers can key in their vehicle identification number to get the results. The ... Read More »
Read More →WASHINGTON — Last week, the U.S. Department of the Treasury announced that it would continue to wind down its investment in Ally Financial by selling additional shares of common stock through its first pre-defined written trading plan. The Treasury currently holds 75,065,340 shares, or approximately 16% of Ally common stock. “Treasury’s sale of additional Ally ... Read More »
Read More →SACRAMENTO, Calif. — New-vehicle registrations in the state continued to improve during the first half of 2014 vs. 2013, according to a report from the California New Car Dealers Association (CNCDA). With an increase of 7.3% this year, California’s sales are still on track to approach 1.8 million new units. California also continues to outpace ... Read More »
Read More →Honda Motor Co., losing share in the growing U.S. auto market, chided competitors for using low-margin fleet sales and over-reliance on subprime lending to boost sales, reported Bloomberg. Excluding rental and business-fleet sales, which Honda eschews, Accord topped Toyota Motor Corp.’s Camry, the U.S. passenger-car volume leader, with 181,939 deliveries in the first half, Honda ... Read More »
Read More →General Motors Co’s website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said, reported Reuters. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition switches ... Read More »
Read More →ST. LOUIS, Mo. – Wise F&I LLC announces electronic integration with VisionMenu, Inc. Wise F&I is a leading F&I product provider to automotive dealers and the integration with VisionMenu supports streamlined eContracting during the menu-driven selling process. The integration will provide dealers access to Wise F&I products (GAPWise, WiseCARE, THEFTWise, WiseTVP and KEYWise) on a ... Read More »
Read More →Thousands of motorcycle riders will converge in northern Wisconsin mid-September for the 33rd Tomahawk Fall Ride. Dairyland Cycle®, a brand of motorcycle insurance based in Wisconsin, will sponsor the rally, scheduled for September 10-14th, 2014. More than 40,000 riders from across the Midwest are expected to gather in Tomahawk, Wisconsin to enjoy entertainment while raising ... Read More »
Read More →COLLEYVILLE, Texas – The Association of Finance & Insurance Professionals (AFIP) is extending the $100 discount off pre-Summit certification Boot Camp registration through August 22. The two-day intensive training session, slated for Sunday, Sept. 7, and Monday, Sept. 8, at Paris Las Vegas, will culminate in the administration of the AFIP certification exam. The regular ... Read More »
Read More →WESTLAKE VILLAGE, Calif. — Automakers are responding to consumer demand for third-row seating, but in doing so are compromising quality and cargo space, according to the J.D. Power 2014 Seat Quality and Satisfaction Study. While overall the percentage of new vehicles that offer third-row seats remains stable, some segments have experienced year-over-year increases, such as ... Read More »
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