Greenway Auto Group avoids restitution and admission of wrongdoing in its settlement with the FTC but could face steep fines for future offenses. +
Atlantic Kia’s Marina Letsios announced the rollout of Argus360 and AiF&I, two new tools designed to help dealers streamline documentation and F&I sales. +
Edmunds reports new vehicle financing set five new records, including an average amount financed of $44,664 and a $787 monthly payment. +
Billed as an industry first, Ford Pro Advantage offers fleet dealers a two-tiered certified pre-owned program backed by business-friendly warranties. +
Walser Automotive has fortified its presence in the Minneapolis-St. Paul market with the addition of two Ford dealerships and a Chevrolet store. +
A new partnership pairs inride’s proprietary inventory sourcing platform with ClearCar, backing every trade-in offer with automated follow-up. +
Chaiz now offers a free way to determine whether a vehicle’s factory coverage is still active and compare service contract options from verified providers. +
Credit Acceptance has agreed to a multimillion-dollar settlement with 40 states and the District of Columbia to resolve predatory lending charges. +
All 12 governors of the Federal Reserve’s Open Market Committee voted to raise their target lending rate by one-quarter of a point to temper inflation. +
Looser loan structures — rather than lower interest rates or improved credit quality — raised Dealertrack’s Credit Availability Index in August. +
