Big 3’s CPO Month Includes FCA Record
WOODCLIFF LAKE, N.J. — Domestic brands continued to move upward in the certified pre-owned market during February, increasing their CPO sales by more than 17 percent year-over-year, according to Autodata Corp.
The firm indicated that the Big 3 sold a combined 76,481 certified vehicles for the month, which beats February 2014 figures by 17.1 percent.
State Sues Dealer for Unlicensed Operations
A Massachusetts used-car dealer has been sued by the state’s attorney general for allegedly selling unsafe and unreliable used cars, failing to make repairs, which were promised or required under warranties, and operating in unlicensed locations.
The complaint against Auto Number One Inc. and its owner Mark Hanna, alleges that they routinely made false representations to consumers that cars were in good working order or would be repaired, about prices charged, and about warranty periods. The business allegedly failed to issue refunds to consumers who attempted to return vehicles after discovering, within days, substantial defects which made the cars unfit for the road.
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CFPB Proposes Rule To Supervise Nonbank Auto Finance Companies – JD Supra (press release)
http://news.google.com Fri, 19 Sep 2014 17:11:42 GMT
CFPB Proposes Rule To Supervise Nonbank Auto Finance CompaniesJD Supra (press release)Nonbank larger participants would include specialty finance companies, “captive” finance companies (i.e., generally companies owned by auto manufacturers), and “Buy …
Spireon to Showcase Integrated Solutions at Innovate 2014 – PR Web (press release)
http://news.google.com Mon, 22 Sep 2014 07:37:50 GMT
Spireon to Showcase Integrated Solutions at Innovate 2014PR Web (press release)The GoldStar CMS integration gives Buy Here Pay Here (BHPH) automobile dealers access to the industry’s leading GPS automotive collateral management business intelligence …