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Tag: auto
Auto Dealers Face Puzzling Issues under CFPB Rulings
2013-06-22 20:05:42| AutomotiveDigest.com - Automotive Industry News
Editorial Comment: The CFPBs attempt to offer fair auto lending to consumers has become a bump in the road to both sides of the issue, as some of the articles presented here do indicate: As recently as last week, members of Congress sent a letter to the Consumer Financial Protection Bureau (CFPB) indicating that their rulings could hurt consumers more than protect them, calling he auto lending ruling "unrealistic." Auto lending reforms sought by the Consumer Financial Protection Bureau could hurt consumers, congressional Republicans warned today. In a letter sent to the bureau, Rep. Spencer Bachus of Alabama and 34 other U.S. House Republicans said that paying dealerships a flat fee for every auto loan rather than a cut of the interest rate -- which the bureau says is needed to curb bias -- would raise borrowing costs or shut poorer buyers out of the new-car market. "The controls strike us as onerous and unrealistic," the letter said, "and restricting consumer choice is highly problematic." Opinions arise on both sides of the issues arising from guidelines and rulings put forth by the Consumer Financial Protection Bureau, and it promises to get uglier before any resolutions arise from the dust. [Read more]The Article Auto Dealers Face Puzzling Issues under CFPB Rulings appeared first on Automotive Digest.
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Shopping For An Auto Dealership
2013-06-22 18:41:05| Auto Dealers - Topix.net
Eric is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
Tags: shopping
auto
dealership
June auto sales on pace for best showing since December '07: study
2013-06-21 19:53:35| Auto Dealers - Topix.net
June auto sales are on track for their best month since before the 2008-2009 sales plunge that helped lead to bankruptcies for two of the three top U.S. automakers, two leading forecasters said on Friday.
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june
auto
RETAIL: Auto sales making a comeback
2013-06-21 15:48:50| Auto Dealers - Topix.net
Ground is being broken and blocks are going up at a new Volkswagon dealership in San Bernardino, on Tuesday, June 18, 2013.
Tags: auto
sales
making
retail
Report Says Auto Industry Requires Transformation
2013-06-21 09:00:52| AutomotiveDigest.com - Automotive Industry News
The Connected Car Industry 2013 report says the auto industry must remodel its business model to accommodate what is coming in the "connected future." Find out more about what the report reveals for automakers and dealers. [More]The Article Report Says Auto Industry Requires Transformation appeared first on Automotive Digest.
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auto
industry
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