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Manheim Holds 4th Annual Independent Auction Summit During National Remarketing Conference
Top Manheim Leaders Meet with 30 Independent Auctions to Discuss Evolving Industry Trends ATLANTA – To further strengthen strategic relationships through two-way dialogue, Manheim met with 30 independent partners during the 2012 National Remark
Dec 18, 2012
Toyota Comments on Trunk Release Issue
Consumer Reports brought to our attention an issue on the Internal Trunk Release Lever (handle). The handle can be used to open the trunk from the inside. During our investigation, it was discovered that the lever can break if it is not pulled i
Dec 17, 2012
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Dealer/GM NewsFinance & Insurance NewsFixed Operations NewsPre-Owned Sales & Marketing Strategies
Mercedes-Benz Issues Recall Over Fuel Filter
Mercedes-Benz is recalling certain model year 2011-2012 S400, S550, S550 4Matic, S63 AMG, C300, C300 4Matic, E350, GLK350, GLK350 4Matic, CL550 4Matic, and CL63 AMG vehicles manufactured from April 18, 2011, through July 12, 2011, the National Highwa
Dec 17, 2012
Lessons for Auto Dealers from Consumer Financial Protection Bureau and Department of Justice Recent Enforcement Activity
The new Consumer Financial Protection Bureau (CFPB) came out swinging this past summer with three punitive consent decree enforcement actions against credit card companies. In doing so, the CFPB gave both an indication of how it will enforce consumer
Dec 14, 2012
Consumer Financial Protection Bureau proposes allowing companies to run trial disclosure programs
Bureau Reaffirms Commitment to Improved Consumer Disclosures through its Project Catalyst Initiative WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced its proposed policy to allow companies to test new consumer disclosure
Dec 14, 2012
Consumer Financial Protection Bureau report details how the nation’s largest credit bureaus manage consumer data
Credit cards dominate consumer reports; Debt collection tops disputes WASHINGTON, D.C. — This week, the Consumer Financial Protection Bureau (CFPB) released a report on the consumer experience with the three largest nationwide credit reporting comp
Dec 14, 2012
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Finance & Insurance News
Group 1 Automotive Announces VW Credit, Inc. Has Joined Existing Syndicated Credit Facility
HOUSTON — Group 1 Automotive, Inc.(NYSE: GPI),a Fortune 500 automotive retailer, announced this week that VW Credit, Inc. has signed on as a partner to its existing $1.35 billion revolving credit facility that expires in June 2016. The lenders
Dec 14, 2012
Study: The Consumer Auto Finance Servicing Experience Significantly Impacts Future Lender Selection
But Has Minimal Impact on Future Dealership Selection Mercedes-Benz Financial Services; Lincoln Automotive Financial Services; Volkswagen Credit; and Ford Credit Rank Highest in Their Respective Financing Segments WESTLAKE VILLAGE, Calif. — The
Dec 14, 2012
ADESA Monthly Analysis: Current Used Vehicle Market Conditions
The following commentary is produced monthly by Tom Kontos, Executive Vice-President, ADESA Analytical Services. ADESA is a leading provider of wholesale used vehicle auctions and ancillary remarketing services. As part of the KAR Auction Services fa
Dec 14, 2012