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Archives for: February 27th, 2020

Pentagon reverses guidance on Military Lending Act rule

The change is a victory for dealers, many of whom effectively halted GAP sales to military customers…

Written by on February 27, 2020

Darwin’s deal-sharing feature signals growing digitization of F&I sales

Several F&I software platforms, including RouteOne unit MaximTrak, have followed suit, launching technology that allows consumers to…

Written by on February 26, 2020

AutoMatrix DMS integrates with insurance platform

Cover Genius’ insurance and warranty platform is the first to integrate directly into a dealership management system.

Written by on February 26, 2020

Publics’ F&I profits skyrocket in 2019

Some of the nation’s largest retailers cited a variety of factors for the latest gains, including the…

Written by on February 26, 2020

CDK works to improve support services for dealers

CDK Global CEO Brian Krzanich says he tries to meet with dealers in person — even giving…

Written by on February 24, 2020

New plan helps Mass. retailer recruit, retain workers

Dropping its traditional coverage cut Village Automotive’s insurance costs by more than $300,000 while keeping employee contributions…

Written by on February 24, 2020

Wells Fargo pays $3 billion to settle fake-account probe

The banking giant, a major auto lender, will pay $3 billion to settle federal investigations into a…

Written by on February 23, 2020

Wells Fargo set to pay some $3B to settle fake-account probe

The banking giant, a major auto lender, is poised to pay roughly $3 billion to settle federal…

Written by on February 21, 2020

TrueCar sees ?unexpected’ end to USAA partnership; Q4 loss widens

The break with USAA ends a 13-year relationship between TrueCar and the lender, which services U.S. military…

Written by on February 21, 2020

Ford Credit wants to give customers options

Ford Credit is a significant profit generator for the automaker. Jim Drotman, executive vice president for Ford…

Written by on February 20, 2020

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