Fair ends subscription, leasing program in pivot to marketplace model
The Santa Monica, Calif.-based company plans to relaunch as a digital vehicle marketplace in early 2022, with…
Dealers might wish to rethink auto insurance
The notion of customers buying auto insurance at the same place they buy their car has been…
Waning customer interest in cars swells loan size, payments for trucks
Customers’ increased preference for crossovers and SUVs over cars since 2016 means they’re making higher monthly payments…
Santander Consumer USA to go private in $2.5 billion stock buyout
Majority shareholder Santander Holdings will take the prominent subprime auto lender Santander Consumer USA private in a…
Rocket Auto website live with 35,000 used models
Rocket Auto said the webiste contains more than 35,000 used vehicles from more than 300 dealers.
FTC dealer case highlights hard bargaining approach
The resolution of the Federal Trade Commission’s case against the southwest dealership group displayed some hard bargaining…
Ford Credit sees lower loan losses, fewer Q2 lease returns
Ford Credit posted a first-ever negative loss-to-receivables rate of 0.07 percent during the second quarter of 2020….
Asbury’s Clicklane digital retailing platform shines in Q2
Clicklane customers put far more money down and generated more finance and insurance profit per vehicle than…
$450,000 settlement ends FTC case against Tate Auto Group
The legal battle drained the company’s finances, and it filed for Chapter 7 bankruptcy.
Ariz. retailer’s buying center speeds transaction times
Royal Automotive Group in Tucson, Ariz., established a groupwide center that processes deal paperwork, eliminating customers’ wait to…
