CDK Global Inc. will make a one-time cash payment to data integration service provider Authenticom as part of a settlement in a federal antitrust case, the company said last week. Terms of the settlement are confidential, a spokesman for the Hoffman Estates, Ill., dealership management system giant told Automotive News. …
Read More »Dealers see access to auto loans tightening
As lenders tighten credit access to mitigate risk from the coronavirus pandemic, dealerships face more difficulty getting customers approved for auto loans. A survey by the Federal Reserve issued to “select large banks” signals that more stringent lending practices have been adopted for consumer loans, including auto loans. Sixteen percent …
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