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October 2016 / 12 posts found

Recharge Wrap-up: Halliburton pays to clean up LA air, Wheego switches role to autonomous tech supplier

by admin
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Filed under: Government/Legal,Green,Misc. Automakers,Tesla,Emissions,Transportation Alternatives,Autonomous,Electric EPA settles with Halliburton of Clean Air Act violations. Wheego Electric Cars becomes Wheego Technologies. HART partners with Tesla. Continue reading Recharge Wrap-up: Halliburton pays to clean up LA air, Wheego switches role to autonomous tech supplier Recharge Wrap-up: Halliburton pays to clean up LA air, Wheego switches role to autonomous tech supplier originally appeared on Autoblog on Fri, 28 Oct 2016 17:28:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments Autoblog Government/Legal

Major Developments Make NABD Orlando a Must Attend

by Russell Crosby
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Major Developments Make NABD Orlando a Must Attend By Nick Zulovich Senior Editor HOUSTON –  It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson emphasized that two significant developments have happened since NABD gathered ahead of Memorial Day weekend, making its next BHPH Conference during the first days of November all the more important for operators to attend. The conference, whose theme is “Best Practices to Succeed Now,” is designed for both new and experienced operators. The event that runs Nov. 1-3 […]

Dealer Advice Following Court Action Against CFPB

by Russell Crosby
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Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the leadership structure of the Consumer Financial Protection Bureau is unconstitutional. “The CFPB has been the biggest regulatory bully in D.C. without shame, and with a total disregard for Congress and elected officials. In its wrangling with the auto industry, in particular, Ally Financial and other auto finance companies, the CFPB clarified that you either … Read more Financial Solutions

Looks like the LAPD is interested in the Tesla Model S after all

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Filed under: Government/Legal,Green,Tesla,United States,Sedan,Electric,Performance The LAPD is looking for a quicker electric car with more range. The Model S definitely fits the bill. Continue reading Looks like the LAPD is interested in the Tesla Model S after all Looks like the LAPD is interested in the Tesla Model S after all originally appeared on Autoblog on Mon, 17 Oct 2016 11:30:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments Autoblog Government/Legal

Wells Fargo Originations Down 2% YoY

by Russell Crosby
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Wells Fargo Originations Down 2% YoY Wells Fargo Dealer Services saw a 2% year-over-year drop in originations — at $8.1 billion — in the third quarter, compared with $8.3 billion at the same time a year prior, according to the company’s earnings released today.  Total commercial auto outstandings at the San Francisco-based bank grew to $62.9 billion in 3Q, from $59.2 billion  Read More

Chase Auto 3Q Originations Grow 14% YoY

by Russell Crosby
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Chase Auto 3Q Originations Grow 14% YoY Chase Auto Finance originated $9.3 billion of auto loans and leases in the third quarter, up from $8.5 billion in 2Q, and up from $8.1 billion at the same time a year prior, the company announced today. The 30+ day delinquency rate for auto was at 1.08% in the third Read More Financial Solutions

Wholesale Prices Rise Year-over-Year

by Russell Crosby
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Wholesale Prices Rise Year-over-Year Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units.

NABD Discounts Expring

by Russell Crosby
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Discounts set to expire for NABD’s fall conference – Auto Remarketing http://news.google.com Thu, 06 Oct 2016 19:38:30 GMT Auto RemarketingDiscounts set to expire for NABD’s fall conferenceAuto RemarketingBuy-here, pay-here operators who need recommendations on improving deal jacket compliance, securing more money from customers’ tax refunds and details of a significant … Read more …

Mercedes Benz adds loans to Auto Gravity

by Russell Crosby
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Mercedes-Benz FS Adds Loans to Auto Gravity Mercedes-Benz Financial Services is now offering auto loans through the AutoGravity platform, after becoming the first lender to offer leasing on the digital financing app in early August, according to a joint press release. AutoGravity app — currently in a public beta — allows buyers to browse different makes, models, local dealerships, and finance their Read More

Record Q3 Certifed Sales

by Russell Crosby
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Q3 certified sales nearly top recent record WOODCLIFF LAKE, N.J. — When the calendar rolled past the close of the third quarter this past Friday, certified pre-owned sales reached the second-highest quarterly figure ever. Autodata Corp. reported on Tuesday that Q3 CPO sales came in at 675,725 units, representing a 3.4-percent lift year-over-year. Looking at the quarterly data from a sequential viewpoint, Q3 marked just a 0.4 percent softening from the second-quarter amount that just happened to be the best quarterly figure ever. Though there weren’t any all-records reported in September, Cadillac reported its strongest certified sales in nearly seven-and-a-half […]