Mary Wisniewski grew up on a dirt road in the suburbs of Detroit and currently lives in LA and NY with a maltipoo, a record player and an espresso machine. She likes to read and talk to strangers.
"Whacked" is one way Art Laws describes himself.
Moving on up -- slowly.
Though most auto dealerships scored an exemption from financial reform oversight, the likelihood of feeling the new law's impact remains acute for F&I departments across the nation.
Necessity is persuading dealers to buy vehicles that insurance companies and consumers have deemed trash.
When the U.S. Small Business Administration debuted its vehicle inventory loan program for dealers in the summer of 2009, the federal agency called
the president of Magnum Finance Inc. to gauge his interest in it. At the time, the SBA’s program, dubbed the Dealer Floorplan Pilot(DFP), provided 75% government-guaranteed loans to finance as much as $2 million of titled inventory.
If the auto industry had a theme song for this past year, it would be The Temptations' "Ball of Confusion," says Harry Seretti, a car buyer for a Pennsylvania dealership.
Compliments of the millions of Toyota vehicles recalled since January, Central Auto Auction had noticed downward pressure on Toyota's models for many weeks. But that tension has already melted away with the snow.