Recent News

Regulatory Pricing

I just got my letter from U.S. Bank reminding me about its policy regarding the Equal Credit Opportunity Act (ECOA). The act makes it unlawful for any creditor to discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital...

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The Light-Bulb Close

Our question this month comes from Joe in Kentucky, home of bluegrass, red Corvettes and KFC. Joe says, “Ron, here’s the deal. We sometimes sell vehicles that have a few extra miles on them. The service contracts on those cars are limited on time and...

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A GM’s Checklist for Profitability

Old school or new school, it doesn’t matter. I live comfortably in both worlds. But I can’t say the same for most dealerships. So I thought I’d provide a checklist designed to help general managers and dealers blend the best of both worlds to...

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Chassix finds support for Chapter 11 exit plan

Debt-laden auto supplier Chassix Holdings Inc. entered its bankruptcy court confirmation hearing late last week with nearly unanimous creditor support for its Chapter 11 exit plan. ... Read More »

Mexico auto production, exports rise in June

Mexico auto production rose 6.7 percent in June to 306,694 units versus the same month last year, the Mexican Auto Industry Association said. ... Read More »

Average fuel economy drops to 25.4 mpg in June

The average fuel economy of light vehicles sold in the U.S. was down 0.1 mpg in June, according to the University of Michigan Transportation Research Institute. ... Read More »

Mini, Lexus, BMW stores most-improved in responding to potential buyers

Mini, Lexus and BMW dealerships achieved the industry's biggest improvements in building rapport with potential buyers, while Mercedes-Benz stores led the way for a seventh-consecutive year, according to a newly released study. ... Read More »

FTC, Florida Attorney General Sue to Stop Deceptive Robocalls from Operation That Pitched Seniors “Free” Medical Alert Systems

The Federal Trade Commission has filed a joint complaint with the Florida Attorney General’s Office charging a New York-based operation known as Lifewatch with using blatantly illegal and deceptive robocalls to trick older consumers throughout the United States...

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Is Solar Power Right for You? FTC Tips Highlight Homeowners’ Options

If you’re thinking about using solar power at home, the Federal Trade Commission has new information to help you sort through the options.Solar Power for Your Home explains costs and benefits of buying or leasing a system, or signing a power purchase agreement....

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GM China growth outpaced by U.S. in first half

GM posted a slower pace of growth in China sales in the first half than in the U.S., as the economy slowed in its biggest market and local competitors flooded the market with cheaper SUV models. ... Read More »
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