Archive | Auto Industry News

Business Leaders Cautiously Optimistic About Trump, Economic, Auto Sales

ALPHARETTA, Ga. — Twenty senior industry leaders expressed cautious optimism about the economy and the automotive retail industry in White Clarke Group’s annual U.S. Auto and Equipment Survey. The chief executive officers, directors, chairmen and president surveyed by the technology firm were optimistic about new-vehicle ... Read More » Tags: , ,

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CFPB Finalizes Small-Dollar Lending Rule

WASHINGTON, D.C. — It is rare when the auto finance industry applauds the Consumer Financial Protection Bureau for finalizing a rule, but that’s what happened today when the bureau finalized its small-dollar lending rule. The bureau said its rule is aimed at stopping payday debt ... Read More »

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Wes Lutz Elected 2018 NADA Chairman

DANA POINT, Calif. — The National Automobile Dealers Association’s (NADA) 63-member board of directors elected Wes Lutz as chairman for the 2018 term, the association announced. The election took place at NADA’s board meeting in Dana Point, Calif., on Oct. 3. The new term officially ... Read More »

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CDK Global, CarGurus Partner on New Marketing Solutions

HOFFMAN ESTATES, Ill. — CDK Global today announced a strategic relationship with online automotive marketplace CarGurus. Through this collaboration, users of CDK websites will gain exposure for their inventory on CarGurus.com as well as leads from CarGurus shoppers. CDK will also leverage CarGurus’ anonymized, aggregated ... Read More » Tags: , , ,

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Diamondbrite N.A. Now Approved Provider on Universal Lenders’ The Zero Plan

OAK PARK, Ill. — Environmental protection products distributor Diamondbrite N.A. and Universal Lenders LLC, creator of The Zero Plan, announce that they will be working together to offer financing solutions to auto dealers. According to officials, the partnership will allow dealers to provide their customers ... Read More » Tags: ,

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Black Book’s Index Records Largest Single-Month Increase Since 2012

LAWRENCEVILLE, Ga. — The replacement of the up to 500,000 vehicles damaged by Hurricane Harvey began last month, fueling the largest single-month increase in Black Book’s Used Vehicle Retention Index since March 2012. The index increased from 112.6 to 113.9, with compact cars (up 2.8%), ... Read More » Tags: ,

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