| NADA Files Second Request for Internal CFPB Documents |
Oct 8th, 2015 |
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The NADA has filed a second Freedom of Information Act request for internal CFPB documents that allegedly show the bureau intended to regulate the auto finance market through enforcement action. An earlier request was denied.
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| Ex-Lithia Employee Pleads Guilty to Embezzlement |
Oct 8th, 2015 |
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A former office manager at Lithia Chrysler Jeep Dodge in Montana pleaded guilty this week to stealing approximately $288,000 from the dealership over a nine-year period.
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| SmartAuction Hits Five Million Sales Milestone |
Oct 8th, 2015 |
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Five million vehicles have been sold on Ally Financial’s online auction platform, the company announced this week.
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| Cox Appoints Dealertrack’s Sundaram to New Post |
Oct 8th, 2015 |
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Following its recent acquisition of Dealertrack, Cox Automotive has appointed Dealertrack’s former co-president, Raj Sundaram, as its chief client success officer.
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| Wells Fargo Dealer Services Opens Houston Business Center |
Oct 8th, 2015 |
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Wells Fargo Dealer Services has opened its second regional business center in Houston — its fifth in Texas. The new center will serve approximately 100 dealerships in the region.
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| Reynolds Releases F&I Legal Library for Washington Dealers |
Oct 8th, 2015 |
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Reynolds Document Services has released the Reynolds LAW Washington F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents available to new car and truck dealers in the state of Washington.
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| Q3 Used-Car Market Remains Strong, Manheim Reports |
Oct 8th, 2015 |
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Used-vehicle prices were up nearly 3% in the third quarter from a year ago, according to Manheim’s Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season.
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| Volvo Will Take Responsibility If Its Self-Driving Cars Crash |
Oct 8th, 2015 |
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Say your new Volvo scrapes someone’s fender in a parking lot. If the car’s auto-pilot feature was enabled, well, that damage is now Volvo’s fault. Case closed, check’s in the mail! That could happen. At the Swedish embassy in Washington, D.C., CEO Håkan Samuelsson told a small crowd that the automaker would “accept full liability” […]
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| Mitsubishi eX Concept: An All-Electric Example of Mitsu’s Design Future |
Oct 8th, 2015 |
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This chubby little guy’s name is eX, and there’s a lot riding on his square shoulders. According to its maker, the eX portends Mitsubishi’s design future. “Both exterior and interior indicate the direction MMC Design is taking,” says the automaker, adding that the eX is also fully electric. Because of course it is. Nissan’s Vision […]
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| Lexus Debuts Self-Driving Feature, Will Come to Market by 2020 |
Oct 8th, 2015 |
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Within five years, the quiet chambers otherwise known as Lexus interiors will become even more tranquil. That’s when Lexus is set to introduce its first fully autonomous controls that may finally allow its customers a snooze behind the wheel. Unlike the luxury automaker’s first self-driving car—the 2013 Lexus LS that premiered at CES looked like […]
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