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Santander has dropped 800-plus dealerships

by deeperkins | May 8, 2017 | Uncategorized

Santander Consumer USA has terminated more than 800 dealerships since 2015, based on ‘performance-related issues,’ the lender said. Source: Auto Feed

Toyota Financial growing — and moving

by deeperkins | May 8, 2017 | Uncategorized

Toyota Financial Services is issuing more contracts for protection products than financing as it tries to both extend its lead as the nation’s top auto lender and complete its move to Plano, Texas. Source: Auto Feed

Ford's Hot Shot on-demand parts delivery grows rapidly

by deeperkins | May 8, 2017 | Uncategorized

Ford’s customer service division is rapidly expanding an on-demand parts delivery business that reduces the time dealers — and customers — have to wait. Source: Auto Feed

Reynolds, CDK put their pact in writing, lawsuits say

by deeperkins | May 8, 2017 | Uncategorized

Two dealership software companies’ antitrust lawsuits against Reynolds and Reynolds and CDK cite the same document: a written agreement by the two DMS giants that implies collusion. Source: Auto Feed

Discounting is up, but so are average transaction prices

by deeperkins | May 8, 2017 | Uncategorized

The auto industry’s longest growth streak in a century looks to be finished, seven years after it started. But automakers aren’t panicked. Source: Auto Feed

When a new dealership is wiped out by a tornado

by deeperkins | May 8, 2017 | Uncategorized

Four tornadoes struck Canton, a small city about 60 miles east of Dallas, on April 29. Dealer Randall Noe got his first look at the wreckage the next day. Source: Auto Feed
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