Auto loans to Americans with poor credit have been booming, and many finance companies, credit unions and auto dealers are using technologies to track the location of borrowers’ vehicles in case they need to repossess them.
There’s no question that the car tech market is growing quickly. According to a report from CB Insights, more than $1 billion was invested in this space in 2016, which marks a 30 percent increase in deal activity over the previous year.
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The company has resumed acquisitions, increased its product mix toward the more lucrative luxury and import brands, is installing a dealer-management system across all its stores, and has a bold strategy for new and used vehicles.
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An auto dealership in Victorville, California is being sued by a former employee over allegations of systemic bank fraud and fostering a work environment rife with racial discrimination.
Search Engine Land reports that Google has confirmed that the “not mobile-friendly” label in the mobile search results has been temporarily disabled due to a bug.
The Republican chairman of the U.S. Senate commerce committee and U.S. Sen. Gary Peters of Michigan have announced plans to develop regulatory flexibility for the auto industry’s efforts to create self-driving vehicles, with an eye toward proposing legislation this year.