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August 2017 / 21 posts found

Kia ordered to pay $374 million in back pay to Korean workers

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A South Korean court ruled against Kia Motors and ordered the company to pay $ 374 million in unpaid wages. Automotive News Breaking News Feed

What is BHPH?

by Russell Crosby
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What is BHPH? Buy Here Pay Here (BHPH) refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles.[1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates.[1] BHPH can provide options for those unable to meet credit standards elsewhere. In house lending is a type of seller financing in which a company or brokerwill help a customer obtain a loan at their place of business to purchase any product or services. When using in-house lending one does not have to rely on 3rd party company or business to complete the transaction.[1] Consumers can typically […]

Hyundai Capital America out to help customers hit by Harvey

by Russell Crosby
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Hyundai Capital America out to help customers hit by Harvey IRVINE, Calif. — In a move similar to the one made by the captive for Toyota and Lexus, Hyundai Capital America, which does business as Hyundai Motor Finance, Genesis Finance and Kia Motors Finance, has announced that it is offering payment relief solutions to its customers affected by Hurricane Harvey. “We are concerned about the well-being and immediate safety of our customers that have been displaced by this unprecedented storm,” Hyundai Capital America president and chief executive officer Ross Williams said … Read more Sell Bulk Auto Notes

Texas association head sums up the damage

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Texas Auto Dealers Association head Bill Wolters gave thanks for no dealership casualties from Harvey, but noted flooded stores and stranded residents. Automotive News Breaking News Feed

When the autonomous car meets city hall

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While the auto industry is plowing ahead on self-driving car randd, cash-strapped state and city governments are just beginning to ponder what role they will play. Automotive News Breaking News Feed

Tesla sales chief may collect $700,000 for meeting targets

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Tesla plans to pay $ 700,000 to its global sales and service chief, Jon McNeill, if the company meets certain performance goals in the second half of 2017 — when the new Model 3 is in launch mode. Automotive News Breaking News Feed

Used-vehicle prices falling amid glut

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Car sales in the U.S. have been rising for seven consecutive years now, and it’s denting the value of whatever is currently parked in your garage or driveway. Automotive News Breaking News Feed

Can U.S. follow through on tough NAFTA talk?

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To deliver on its promises, the administration will need the cooperation of the U.S. business community and key members of Congress. Both groups sought to distance themselves from the president last week. Automotive News Breaking News Feed

Roy Lunn, father of the modern SUV, dies at 92

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A mechanical and aeronautical engineer who led development of the first Jeep Cherokee and Ford’s original GT40, Roy Lunn helped pioneer unitized bodies for SUVs to help meet fuel-economy requirements. Automotive News Breaking News Feed

J.D. Power launches new used-car price index service

by Russell Crosby
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J.D. Power launches new used-car price index service McLEAN, Va. — J.D. Power said Monday morning it has rolled out a Used Vehicle Price Index Service that provides a monthly index monitoring current wholesale used-car prices and forecasting future movement. The analysis is done on both an industry and segment level. The company said it can forecast prices as far out as two years … Read more   http://autonotebuyerinc.com