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Mobile leasing app expands its dealership reach

Mobile leasing app Honcker, officially launched mid-November, has signed more than 200 new-car dealerships in five states onto its leasing platform. The app enables consumers to strike a lease deal without entering a showroom.

49 dealers nominated for Time magazine award

Forty-nine U.S. auto dealers have been nominated by automotive trade associations for the 2017 Time Dealer of the Year award. The nominees were

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Mobile leasing app expands its dealership reach

Mobile leasing app Honcker, officially launched mid-November, has signed more than 200 new-car dealerships in five states onto its leasing platform. The app enables consumers to strike a lease deal without entering a showroom.

AutoNation's move into branded F&I products brings profit payoff

CEO Mike Jackson credits AutoNation's consistent gains in F&I gross profit to its branded product line. AutoNation began selling private-label F&I products at its stores at the end of last year and online in the first quarter of 2016. Ninety percent of AutoNation customers choose AutoNation branded F&I products, Jackson said.

Markup checks bring charges

The former general manager of Ford Motor and Fiat Chrysler dealerships in Jasper, Ala., faces prison, a $250,000 fine and $914,000 in restitution if convicted of conspiracy, bank fraud and wire fraud in an alleged scheme to rip off the stores.

49 dealers nominated for Time magazine award

Forty-nine U.S. auto dealers have been nominated by automotive trade associations for the 2017 Time Dealer of the Year award. The nominees were announced by Time and Ally Financial, the sponsor.

Subprime auto lenders tighten up

The latest data from Standard & Poor's confirm that subprime auto loans are becoming a little harder to get. The company said some subprime lenders have dialed back on originations, moved up the credit scale, or tightened restrictions on loan structures.

How Trump's election could limit the CFPB

Donald Trump's presidential win is expected to bring significant changes to the way the Consumer Financial Protection Bureau operates, the head of the American Financial Services Association says.

How Trump's election could limit the CFPB

The election of President Trump is expected to bring significant changes to the way the Consumer Financial Protection Bureau operates, the head of the American Financial Services Association said today.

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