Black Book Identifies Drivers of Stretching Loan Terms
There’s a reason captives like Ally and Chrysler Capital have expanded their appetite for longer term loans. And according to a new white paper from Black Book, it’s not just about keeping loan payments below that $400 consumer sweet spot.
CNCDA Files Suit Against TrueCar
The California New Car Dealers Association filed a lawsuit Wednesday against TrueCar, alleging that the shopping site is not in compliance with certain sections of the California Vehicle Code.
Auto/Mate Receives Platinum Dealers' Choice Award
Auto/Mate Dealership Systems has received a Platinum award in the 2015 Auto Dealer Monthly Dealers' Choice Awards, marking the second time the company has received a top ranking in the publication's annual award program.
Western Funding Launches New Program for Dealers
Western Funding has announced its Triple Pay program, which allows dealers to build a bankable portfolio and receive three different types of payments on the same deal — upfront checks, near portfolio closing and back-end payment streams.
ADM Names 2015 Dealers’ Choice Award Winners
F&I and Showroom's sister publication has announced the winners of the 11th annual Dealers’ Choice Awards. Voted on by dealers, the program recognizes the industry’s best product and service providers.
Most Dealers Unprepared for CFPB Regulations, eLEND Finds
In a recent survey, eLEND Solutions found that while 80% of dealers expect the CFPB to implement regulations that would replace dealer participation with mark-up thresholds or a flat-fee model, only 40% have plans in place to meet those requirements.