A UVEye inspects a Buick SUV in a dealership. UVEye American consumers traditionally frown on several types of experiences at auto dealerships, but here’s a big one: They get their vehicle inspected i...
Tag: Dealers
High Prices And Risky Credit May Steer Buyers To Older Used Cars; Dealers, Lenders Adjust
1986 Ford F-150 pickup truck Photo: Ford By process of elimination, older used cars are becoming the purchase of last resort for bargain-hunting shoppers and those with subprime credit scores, analyst...
US Treasury Sanctions Hit Russian Arms Dealer’s Crypto Wallets
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed full blocking sanctions on 22 individuals and entities across several countries, including Russia and Cyprus, ...
EV carmakers work to fit auto dealers into their future plans
Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT —...
Police Seize Nearly $2 Million in Crypto from New Zealand Drug Dealers
Crypto crime was a big deal in 2022, and while we’re only a few weeks into 2023, it looks like the trend is continuing after a criminal gang crackdown that resulted in close to $2 million in assets – ...
Auto Dealers And Customers See Things Differently; Done Right, Online Commerce Can Help
Sanjiv Yajnik, President of Financial Services at Capital One Photo: Capital One Consumers and car dealers are on different wavelengths in a couple of important ways that affect the customer experienc...
Ford CEO says 65% of U.S. dealers agree to sell EVs
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell elect...
Carvana, Dealers Show Risks of Deflation. Ford, GM Investors Should Watch Out.
Text size A Carvana car-vending machine in Huntington Beach, Calif., in 2019. Mark Ralston/AFP/Getty Images Why buy now if prices are going to be lower tomorrow? That isn’t a question U.S. consumers h...
Ford asks dealers to invest in EVs as it chases Tesla-like profit
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reut...
GM offers to buy out Buick dealers that don’t want to invest in EVs
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images DETROIT – General Moto...
Taliban bans crypto in Afghanistan and arrests defiant crypto dealers
The Taliban has seized virtually all of Afghanistan. The Taliban reentered power last year as American troops completed their withdrawal from the nation. This is 20 years after removing the regime for...
What are ghost guns? Dealers rush to sell untraceable firearms as crackdown nears
With new federal regulations set to take effect on so-called “ghost guns” next week, businesses that sell the untraceable firearms are racing to offload inventory. The new regulations from...
Lambo Dealers Are Still Keeping Their Luxury Despite The Crypto Market Crash
The crypto market has not been particularly favorable to many crypto traders who have watched the prices of their assets rise and fall over the past few years. However, while most cryptocurrencies are...
Democrats’ Bill Would Allow Auto Dealers To Claim Clean Vehicle Tax Credits
Democrats’ new clean energy package would allow auto dealers to collect the electric vehicle tax … [+] credit directly. getty The recently proposed Congressional Inflation Reduction Act of...
Crypto market dwindles but not Lamborghini sales, dealers say
A Lamborghini is the most significant symbol of accomplishment when it comes to getting rich from cryptocurrency, and the question “when Lambo?” has been the topic of thousands of memes online. The r...
Good Luck Finding Any Of These Hot-Selling Cars On Dealers’ Lots
The Subaru Crosstrek was the fastest-selling car last month, sitting in inventory for an average … [+] 12.9 days before being driven off a dealer’s lot. Subaru These are not the best of ti...
Ford’s Talk of New EV-Selling Rules Rattles Some Dealers
Ford Motor Co. is preparing new rules for how it sells electric vehicles, a shift that is concerning some dealers and seen as challenging the traditional franchise model. Executives from the Detroit g...
Jaguar Land Rover’s battle to stop dealers selling in China
jaguar landrover Jaguar Land Rover is battling to stop car dealers sending its cars to China and other hugely lucrative markets, which is compounding shortages in the west and widening price gaps glob...
Carvana, ‘The Amazon of Car Dealers’, Fights its Biggest Battle
The way Ernie Garcia III sees it, the problem is not existential. Garcia, founder and CEO of Carvana (CVNA) – Get Carvana Co. Class A Report, the online used car retailer, gave a run down of hi...
SEC Confiscates Over 100 Cellphones From Wall Street Traders and Dealers
4 hours ago | 2 mins read Bitcoin News The staff’s identities are being kept a secret for the time being. Up to 30 persons have been named suspects in the inquiry. More than 100 Wall Street employees’...
Cion Digital enters Canadian market to help car dealers accept crypto
Cion Digital, a crypto-focused firm that seeks to help more people buy cars using their crypto holdings, has expanded into the Canadian market. The company said in an announcement on Monday that its e...
U.S. Investment-Grade Bond Dealers See Sales Swell After Rout
(Bloomberg) — Investment-grade issuers may sell bonds at a faster pace next week after market volatility had pushed many borrowers to the sidelines over the past month. Most Read from Bloomberg ...
New Car Sales Are Down, But Car Dealers Never Had It So Good
Salesman (right) at a Toyota dealership in El Monte, Calif., helps a customer. Getty Images For dealerships, higher margins per vehicle have more than made up for the drop in new-vehicle volume due to...
Auto Recall System Under Fire For Leaving Dealers, Customers In The Dark
The U.S. auto recall notification system is under attack for failing to properly notify dealers when … [+]n vehicles on their lots are under recall for defect repairs. (Photo by Justin Sullivan/...
Crypto Lending Platform SALT Works with Cion Digital, Launching Crypto Lending Service for Auto Dealers
Crypto lending platform SALT has partnered with Cion Digital to launch crypto lending-as-a-service for over 5,000 U.S. auto dealerships. SALT was founded in 2016 and introduced asset-backed lending to...
Temporary, Or ‘New Normal?’ Naturally, Dealers Prefer The Latter
A man browsing at a dealership in Alhambra, Calif. AFP via Getty Images It’s well documented the nation’s auto dealers have low supply and high demand working in their favor — but that’s not all deale...
TP ICAP Connects Dealers to Liquidnet’s New Trading Protocol
TP ICAP announced on Wednesday the enhancement of Liquidnet’s New Issue Trading (NIT) protocol for bonds, thus enabling dealers to join the buy-side in placing orders and trade directly on its new iss...
Dealers are desperate to get their hands on your leased car—how you might make that pay off
That car you leased three years ago probably has become a cash cow. But deciding what to do with that equity — and what to drive next — has become confusing. Before the car market was turned upside do...
Ford, GM are cracking down on dealers for inflating prices — Quartz
The average price of a new car in the US is higher than ever before, and some of the biggest automakers are starting to blame the dealerships that sell their vehicles. At Ford, for example, the averag...
Vanuatu Wants Its Financial Dealers to Move Onshore
The days when offshore companies could operate remotely under Vanuatu’s Financial Dealer License (FDL) will soon be history. By the end of 2022, all securities brokers will have to move onshore and ma...