The Dealer 5 | August 26, 2015
Dealer news and information from WardsAuto and around the web.
Welcome to The WardsAuto Dealer 5 - we've put together important items from WardsAuto.com and across the Internet. So let's go:
1. | The Consumer Financial Protection Bureau has squeezed out-of-court settlements from targeted auto lenders. But an attorney says: “If they ever took anyone to court, they’d be clobbered.” Here’s why. |
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2. | It’s that time of year. The new models are about to arrive. And accompanying them are dealer and automaker incentives to make room for the fresh faces. |
ADVERTISEMENT "I had ADP, Dealertrack and Reynolds in my stores. I spent a lot of time doing my homework on DMS providers. I switched all my stores to Reynolds. If I didn’t think Reynolds was the best, I wouldn’t have done it.” -Joe Laham, President of Premier Companies | |
3. | AutoNation is in an acquisition mode (again). And if car sales cool and the stock market stumbles, more dealers may feel like selling their businesses, according to this report. |
4. | It’s the year of the fox for the 2016 NADA convention. Comedian Jeff Foxworthy will entertain. NADA’s Bill Fox will speak. Will Fox News be there? No, but look for Politico. Here’s the program. |
5. | “Get out of the car! You’re on fire!” WardsAuto’s James Amend heeds the warning and lives to tell about his harrowing test drive in a “hot” Cadillac CTS-V. All in a day’s work. |
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