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Four Trade Groups Ask Lawmakers to Instate Five-Person Board to Lead CFPB

December 8, 2016
Four associations representing 12,000 banks and credit unions have asked Senate leaders to consider replacing the Consumer Financial Protection Bureau’s...

Beepi Merges With Scott Painter's Fair.com
Beepi Merges With Scott Painter's Fair.com

December 8, 2016
Former TrueCar CEO Scott Painter is back. On Wednesday, TechCrunch reported that his newest venture has added online retailer Beepi, which is shutting down...

New York AG Settles Two Payment Packing Suits for $1.6 Million

December 8, 2016
Attorney General Eric T. Schneiderman’s crackdown on payment packing continues. Today, the New York regulator announced settlements with SG Hyland Motors...

Manheim Promotes Four General Managers From Within
Manheim Promotes Four General Managers From Within

December 8, 2016
Trever Enge, John Duplanty, Gus Jones and Maxine Vega will lead the Manheim Georgia, Manheim Tucson, Manheim Arizona and Manheim New Mexico locations,...

Bomnin Chevrolet Acquires Grand Prize Chevrolet

December 7, 2016
After two years of negotiation, Bomnin Chevrolet has acquired Grand Prize Chevrolet. The acquisition of the West Kendall, Fla.-based dealership expands...

Nelson Chai Named President, CEO of The Warranty Group
Nelson Chai Named President, CEO of The Warranty Group

December 7, 2016
Chai previously served as president of CIT Group Inc. He replaces Thomas W. Warsop III, who has served as The Warranty Group's president and CEO since...

Channel Stuffing, Incentives Responsible for Slip in Manheim Index

December 7, 2016
Wholesale used vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 1% in November, according to Manheim’s Used Vehicle Value Index...

Bonita Springs Mitsubishi Owners Acquire Second Mitsubishi Store in Florida

December 7, 2016
The owners of Florida's Bonita Springs Mitsubishi have acquired Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson...

Fasten Those Seatbelts

December 6, 2016
With a major slowdown imminent, Da Man says it’s time to ditch those new-age theories and get back to the basics.

Black Book: Trucks Depreciating More Than Cars

December 6, 2016
The pendulum finally swung last week, with trucks showing higher depreciation than cars for the first time this year, according to Black Book.