Big incentives from General Motors helped GM Financial increase auto loan originations by double digits in the second quarter, even as many dealerships had to temporarily close or limit operations because of the coronavirus pandemic. GM’s captive finance arm said in a statement last week that auto loan originations rose …
Read More »Consumers with negative equity struggle with digital deals, retailer finds
Before COVID-19 shelter-in-place orders necessitated digital sales and remote deliveries, Lithia Motors Inc. recognized the majority of its consumers struggled in digital environments. Consumers in positive equity positions with their trade-in vehicles and perfect credit scores are least likely to require assistance with the process, executives said. The Medford, Ore., …
Read More »New plan helps Mass. retailer recruit, retain workers
Village Automotive Group reduced its annual health insurance costs by more than $ 300,000 while keeping employee contributions flat by switching to a self-insured plan. Deborah Dempsey, human resources director at the Boston-area group, said the company’s health care premiums jumped 33 percent and employee contributions rose 23 percent in …
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