A New York City agency announced that Honda of the Bronx has agreed to settle a lawsuit alleging more than 350 violations of consumer protection laws. +
A Carleton survey of consumer finance executives finds 87% are in the process of modernizing aging legacy systems and only 8.7% have finished. +
The owners of Stephen Cadillac GMC and Stephen Toyota must pay Toyota Motor Credit $5 million or face the seizure of their land and dealerships. +
A new Protective Asset Protection survey finds car buyers are experiencing financial anxiety driven in part by fears over the high cost of unexpected repairs. +
Experian analysts say sales of full-size trucks, vans and sports cars pushed $1,000 monthly payments to nearly 19% of all auto loans in the first quarter. +
The Cox Automotive/Moody’s Analytics Vehicle Affordability Index increased from 35.1 in March to 35.2 in April after five months of incremental improvement. +
Dealers improved F&I profit per vehicle, products per deal and income in the first quarter despite a seasonal slowdown in deal counts and front-end gross. +
S&P Global Mobility will offer its FeeSync platform to all U.S. dealers for no charge, providing a single, secure interface for fee structure changes. +
U.S. Ford and Lincoln dealers now have access to SelectFI’s predictive lending technology via The Shop by FordDirect, a marketplace for dealer-facing, factory-vetted tools and services. +
Dealer agents who wish to serve as their own product administrator have a new self-evaluation tool with the release of Administration Management Systems' BeYourOwnTPA.com. +
