Recent News

Group 1’s U.S. F&I Operations Stays Above $1,500 Per Copy in Q4

HOUSTON — Consolidation of its lender base, pre-recession level credit availability and an improving subprime financing environment drove a 4.7% and 9% fourth-quarter increase in new- and used-vehicle unit sales, respectively, for Group 1 Automotive. The...

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Exeter plucks new leaders from subprime rival Santander

Two executives have left Santander Consumer USA to take top leadership positions at Exeter Finance, the companies said today. Both lenders specialize in subprime auto lending. ... Read More »

Charlie Robinson to Keynote F&I Think Tank at Dealer Summit

TAMPA, Fla. — Organizers of Dealer Summit announced that Charlie Robinson, president and COO of the Resource Automotive division at The Warranty Group, will deliver the keynote address for F&I Think Tank, a preshow event that will take place on Tuesday,...

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Tesla, Radio Flyer offer kid-version Model S electric car for $499

The folks at Radio Flyer have collaborated with Tesla Motors to create a drivable miniature version of the Model S electric car for children, complete with lithium-ion battery technology. ... Read More »

Merchants Named a 2016 Dealer of the Year by DealerRater

HOOKSETT, N.H. — Dealer review site DealerRater named Merchants Auto a 2016 Dealer of the Year, a title given to less than 0.1% of the more than 41,000 dealers in the DealerRater network.“We are honored to receive this award from DealerRater, as we...

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CNA National Warranty Corporation Returns $40 Million to Dealers

SCOTTSDALE, Ariz. — CNA National Warranty Corp. (CNAN) announced this week it returned more than $40 million to auto dealers through its various participation plans in 2015, bringing the total amount of money the company has returned to dealers since its...

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GM recalls 200,000 Saab, Saturn vehicles with Takata airbags

General Motors is recalling about 200,000 Saab and Saturn vehicles as part of a wider recall of more than 5 million autos with potentially defective airbag inflators made by Takata. ... Read More »

F&I Express Adds AssurancePlus to F&I Product Provider Network

GRAPEVINE, Texas — F&I Express has added AssurancePlus to its network of aftermarket F&I providers. The addition will allow AssurancePlus dealers to erate, econtract and eregister all of firm’s services and products.AssurancePlus has been providing...

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GMC’s 2017 Acadia sticker price shrinks along with its size

The downsized 2017 GMC Acadia crossover will debut in showrooms this spring with a shrunken price tag, too. ... Read More »

Google seeking Michigan randd site for autonomous cars, report says

Google is in the market for new high-tech space in the suburbs, sources told Crain's Detroit Business, an affiliate of Automotive News. ... Read More »
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