Archive | Auto Industry News

Norm Reeves Dealerships to Pay $1.4 Million for Violating 2014 FTC Order

WASHINGTON, D.C. — A Southern California-based dealer group will pay $1.4 million to settle Federal Trade Commission (FTC) charges that it violated a 2014 administrative order prohibiting it from misrepresenting how much consumers could pay to finance or lease a vehicle. The proposed court order resolving the FTC’s complaint against 12 businesses operating as the … Read More »

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Agent Summit Names Harkins as Emcee

LAS VEGAS — Organizers of the upcoming Agent Summit have announced that Robert “Bob” Harkins, vice president of training for the American Guardian Group of Companies, will return as master of ceremonies for the 2018 event, which is scheduled for May 20–23 at the Venetian & Palazzo Resort Hotel Casinos in Las Vegas. “Although we … Read More »

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Mark Your Calendars for Agent Summit 2018

LAS VEGAS — Organizers of Agent Summit are pleased to announce its return to the Venetian & Palazzo Resort Hotel Casinos in 2018. To be held May 20-23, this will be the eighth annual event drawing agents and agent principals from around the country. Designed exclusively for automotive general agents, the goal of this event … Read More »

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Business Leaders Cautiously Optimistic About Trump, Economic, Auto Sales

ALPHARETTA, Ga. — Twenty senior industry leaders expressed cautious optimism about the economy and the automotive retail industry in White Clarke Group’s annual U.S. Auto and Equipment Survey. The chief executive officers, directors, chairmen and president surveyed by the technology firm were optimistic about new-vehicle sales, which are on the decline but should remain among … Read More »

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CFPB Finalizes Small-Dollar Lending Rule

WASHINGTON, D.C. — It is rare when the auto finance industry applauds the Consumer Financial Protection Bureau for finalizing a rule, but that’s what happened today when the bureau finalized its small-dollar lending rule. The bureau said its rule is aimed at stopping payday debt traps “by requiring lenders to determine upfront whether people can … Read More »

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Wes Lutz Elected 2018 NADA Chairman

DANA POINT, Calif. — The National Automobile Dealers Association’s (NADA) 63-member board of directors elected Wes Lutz as chairman for the 2018 term, the association announced. The election took place at NADA’s board meeting in Dana Point, Calif., on Oct. 3. The new term officially begins at the 2018 NADA Show in Las Vegas next … Read More »

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