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Reading The Fine Print: What’s Behind Lending Laws for BHPH Dealers

According to Sub Prime News, the recent changes in lending laws for buy here, pay here dealers may have some unpleasant side effects. While the bulletin is meant to target indirect auto lenders, a closer look at the F&I office means that regulat
Mar 26, 2013

Consumer Financial Protection Bureau to Hold Auto Lenders Accountable for Illegal Discriminatory Markup

Bureau Provides Guidance on Fair Lending Practices to Indirect Auto Lenders WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a bulletin explaining that certain lenders that offer auto loans through dealerships are
Mar 24, 2013

Biased Loans by Auto Dealers to Bring Bank Suits by CFPB

Bloomberg provides full disclosure on the ramifications of loan discrimination for dealers since yesterday’s CFPB ruling. Comments from Richard Cordray, and the Consumer Bankers Association, explain possible lender control issues and financial
Mar 22, 2013

Lending Discrimination Policies Under Scrutiny in Washington

Dealership auto lending policies should expect to be audited in upcoming laws and bulleting produced by the CFPB. Investigations of dealer’s policies, auto finance sources, and the Equal Credit Opportunity Act’s application to direct and
Mar 22, 2013

Pirelli Launches U.S. Associate Dealer Program (Update)

ROME, Ga.— Pirelli Tire North America Inc. (PTNA) has launched an associate dealer program called FasTrack that enables dealers and their sales teams to earn rewards on all eligible Pirelli tires they sell along with giving them access to exclusive
Mar 22, 2013

Auto Parts Purchaser Survey: Online at the Dealership

Tire Business provides a survey of online versus dealership purchases for parts buyers. How-tos and DIY-ers make up a market group that may join a dealership, depending on the information offered and accessibility of parts, and differences in on and
Mar 22, 2013

Used Car Industry Update from NADA

NADA has released their March Used Car Guide Industry Update. Info and analyses on used vehicle prices, new vehicle SAAR, and changes in gas price can be read in the following economic and department wide update for dealers and industry professionals
Mar 22, 2013

Aftermarket Intelligence and Stock Performance Report

From the Automotive Aftermarket Industry Association, the BB&T Weekly Automotive Aftermarket Intelligence Report. Sales Growth and Performance among suppliers, retailers, and providers are some of the insight offered to let dealers know where the
Mar 22, 2013

Tough Sells: Most Expensive Cars to Fill Up

According to Forbes, the new list for the top gas-guzzlers has been released. East Coast distribution problems and summer versus winter prices are part of the considerations that go into developing this list, which includes the Express Van, Chevrolet
Mar 22, 2013