Jul 25, 2022
Current Issue | Dealer Headlines | Finance & Insurance | Retail
LMP taps BofA Securities to explore options
LMP Automotive Holdings Inc. in July fired its CFO and said it plans to sell a Stellantis dealership in New York. The company also has hired BofA Securities to help it explore strategic options for the company.
Jul 24, 2022
Current Issue | Dealer Headlines | Finance & Insurance | Retail
Automotive News LinkedIn Live: The FTC’s proposed crackdown on dealership online advertising and F&I
Bring your questions to a conversation about the Federal Trade Commission's proposed new rules for dealership online advertising and F&I offices.
Jul 22, 2022
Current Issue | Dealer Headlines | Finance & Insurance
AutoNation to boost used-car business with CIG Financial deal
AutoNation Inc. plans to buy auto lender CIG Financial to serve as a captive finance company for the auto retailer's growing, standalone AutoNation USA used-vehicle business.
Jul 20, 2022
As the FTC began collecting public comments on proposed rules for dealership advertising and finance and insurance offices, the National Automobile Dealers Association and the American Financial Services Association are seeking an extension of the comment period.
Jul 20, 2022
Dealer Headlines | Finance & Insurance | Retail
NYC says two Brooklyn dealerships ‘ripped off’ customers, will pay $800K in settlements
Brooklyn Mitsubishi and Brooklyn Volkswagen were accused of several deceptive business practices in New York.
Jul 18, 2022
The marketplace is overpricing electric vehicle loans, according to a startup which says its EV depreciation projections support more affordable financing terms for consumers. Tenet co-founder and CEO Alex Liegl told his company's EV borrowers save more than $200 a month.