Group 1 extends $1.8B syndicated credit facility
Group 1 Automotive has extended its $1.8 billion revolving syndicated credit facility with 23 financial institutions, including four captive finance ...
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How different insurance options impact customer experience
When buyers sign the paperwork for a vehicle purchase, they probably breeze right past the part where they promise to ...
Used-car dealers scam insurers in California
Auto insurance fraud is the latest scheme to hit the West Coast as a ring of used-car dealers allegedly ripped ...
Texas legislature expands definition of ‘debt buyer’
The Texas state legislature has provided consumers with additional protection from debt collectors in the passage of the Fair Consumer ...
Dealer Group CFO Admits to Defrauding Ford Credit of $50M
Nearly a year after Ford Motor Credit sued Reagor-Dykes Auto Group for hiding one of the largest floorplan financing frauds ...
New-Car Model Shifts as Short-Term Leasing Stocks CPO Programs
An emerging trend — where dealers use off-lease vehicles from short-term leases to stock certified pre-owned (CPO) programs — is ...
Chinese Tariffs to Complicate Underwriting, Slow Innovation, Analyst Says
In addition to increasing vehicle prices, the 25% tariffs imposed on Chinese parts and goods by the Trump administration will ...
Wells Fargo Seeks Approval of $394M Settlement
Wells Fargo & Co. and National General Insurance Co. will reconvene at the U.S. District Court of Santa Ana, Calif., ...
