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Vehicle-Financing Industry Gears Up to Fight Regulator Commented on: 6 days ago (January 24, 2015)

Credit Bureaus ARE regulated by the CFPB, AND other regulators. If you have a beef with a credit bureau, register your complaint on the CFPB website.

Further, Interest rates are NOT "set"...

Labor, Fuel Prices Threaten to Derail North American Auto Industry in 2015 Commented on: 1 week ago (January 18, 2015)

If the UAW is serious about getting rid of the 2 tier system, it needs to come from its senior members. Parity with the transplants needs to be maintained. Period.

A large percentage of...

Auto Dealers, CFPB May Go to Mat This Year Commented on: 1 week ago (January 17, 2015)

Great article Steve!

According to my niece, a PhD candidate in statistics, the problem begins with the mortgage where borrowers "self describe" on their race. That self description is...

Technology Would Give Car Shoppers Partial Access to Dealer-Only Auctions Commented on: 1 week ago (January 17, 2015)

Actually, this makes no sense at all. Imagine the chaos. Who needs it.

Where’s the Eco in EcoBoost? Commented on: 3 weeks ago (January 7, 2015)

I have never been able to get posted EPA fuel economy from any of the turbo vehicles I've owned. But then I didn't drive them carefully enough to keep the turbos dormant. It seems Ford developed...

Advocate of 1-Price Dealerships States His Case Commented on: 3 weeks ago (January 6, 2015)

We live in an era of margin compression and turning down gross profit by not asking for it is the answer?

RE: "In essence, the position is adversarial. And adversarial relationships drive...

AutoNation Reinvents Itself, Again Commented on: 3 weeks ago (January 3, 2015)

There is no free market. There are only market forces. But I'd like to know the whereabouts of this free market halcyon I keep hearing about. Where is that small government nation that "proves...

Berkshire Expected to Keep Van Tuyl’s Dealership Business Model Commented on: 4 weeks ago (December 29, 2014)

The idea that the VT business model stays intact is bunk, if for no other reason than the CFPB.

I wonder if the group will continue its brutal work schedules and extreme management turnover...

Fine Art of Prospecting Builds Relationships, Increases Sales Commented on: 4 weeks ago (December 28, 2014)

And prospecting gets done to a much greater degree when a rotation system is in place. With rotation, no one has to be concerned with losing their turn, although a good rotation system eliminates...

Fix Fixed-Operations Faults Commented on: 4 weeks ago (December 28, 2014)

How would the average service absorption percentage look if dealers stopped penciling gross profit from the vehicle departments to the "fixed ops" departments via "retail recon" and other...

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