Category Archives: Automotive

Former Nissan Dealer to Pay $101,986 for Deceptive Practices

The NY AG’s office has reached a settlement with the previous owner of Saratoga Springs Nissan LLC.  requiring the former car dealer to pay over $100,000 in restitution to 119 consumers who were charged illegal fees and/or subjected to a variety of deceptive sales and advertising practices, according to an Attorney General press release.

Source:  http://www.fi-magazine.com/news/story/2016/06/former-dealer-to-pay-over-100-000-for-deceptive-practices.aspx

F&I strategies for slow-growth days

F&I profit likely hasn’t reached its peak, insiders say, but most agree that its growth will slow. To maintain strong F&I revenue, dealerships should ensure that they offer the right product mix, thoroughly understand the products and the…

Full Article:  http://www.autonews.com/article/20160622/FINANCE_AND_INSURANCE/306229994/fi-strategies-for-slow-growth-days

GM seeks to dismiss claims for recalled vehicles’ lost value

General Motors on Friday asked a court to bar claims on behalf of millions of customers who say their vehicles lost value because of brand damage due to dozens of recalls.

Source:  http://www.autonews.com/article/20160617/OEM11/160619883/gm-seeks-to-dismiss-claims-for-recalled-vehicles-lost-value?cciid=email-autonews-daily