NY AG: Brooklyn Dealership Targeted Non-English Speakers Click to view online.

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July 9, 2018
CFPB Official Who Sued Trump Resigns, Drops Suit

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled regulator. In a tweet, her attorney said the CFPB official is also dropping her legal fight to be the regulator's acting director.




NY AG: Brooklyn Dealership Targeted Non-English Speakers

Bay Ridge Honda has agreed to pay $423,000 in restitution and penalties to settle charges of deceptive acts and practices that followed dozens of complaints from aggrieved customers, many of whom are non-English speakers.




Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.




AFS Renamed Credito Real USA, Poised to Expand

AFS Acceptance has officially been renamed Credito Real USA, two years after being acquired by Mexico’s Credito Real and on the eve of a planned market expansion.




LotMonkey Expands Into Four New Markets

The company’s web-based merchandising platform is now available in Philadelphia, Louisville, Ky., Long Island, N.Y., and northern New Jersey. It allows dealers to instantly create and customize an infinite array of point-of-sale visuals.




NAE/NWAN Wins 2018 Dealers’ Choice Award

National Automotive Experts earned a Platinum award for F&I Product Training in the 2018 Dealers’ Choice Awards.


MSP 501 Ranks Helion at No. 65 Worldwide

Helion Automotive Technologies has been ranked No. 65 among managed service providers worldwide in the 2018 MSP 501.


4 Ways to Attract and Keep Millennials

Erase the showroom stigma by making your dealership the workplace of choice for motivated and purpose-driven millennials.


<p><em>Eric Johnson, partner at Hudson Cook LLP</em></p> The CFPB’s Spirit Lives On

In the first of a series of F&I Think Tank webinars, attorney Eric Johnson offered a wake-up call to dealers and F&I professionals who thought the industry won a decisive victory over the Consumer Financial Protection Bureau when the federal agency’s auto finance guidance was rescinded in May.


Stop Wasting Your Service Manager’s Time

If you asked your service manager to list every daily task they complete, you might be embarrassed. Focus their work hours on profit-building and watch your fixed ops revenue soar.



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