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July 8, 2013 - Industry News

Ala. Car Dealer Pleads Guilty to Violating Servicemembers Relief Act

An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.

Tags: 2012 DCA

July 8, 2013 - Industry News

Fiat Dealers to Get Their Own Dedicated Reps

Fiat is in the early stages of hiring its own team of factory reps. Officials say 50 additional staffers will be added to the team to serve Fiat dealers exclusively.

Tags: 2012 DCA

July 8, 2013 - Industry News

California Remains Hot Spot for Vehicle Theft, NICB Reports

California is listed again in the NICB’s annual ‘Hot Spots’ report, which shows that eight out of the Top 10 vehicle theft areas lie in the Golden State.

Tags: 2012 DCA

July 8, 2013 - Industry News

Test Drives Delivered

John Wehr (left) and Grant Feek (right) co-founded Tred in 2012. Wehr, the company’s chief technology officer, spearheaded technology projects for HiiDef Inc., creators of Flavors.me and Goodsie.com.

A Seattle startup is taking a different approach to improving the car-buying experience, one that is supposed to drive a better connection between dealers and their customers.

Tags: 2012 DCA

July 2, 2013 - Industry News

Controlling the Deal

Unable to ditch his F&I roots, the editor makes a strong case for why the F&I office should have a role in a dealership’s CRM efforts.

Tags: 2012 DCA

July 2, 2013 - Industry News

W.Va. Dealer Files Federal Suit Over Birth Control

Joe Holland Chevrolet files federal suit requesting exemption from the Affordable Care Act's requirement that it offer an option of the “morning-after pill” to employees.

Tags: 2012 DCA

July 2, 2013 - Industry News

CFPB Orders U.S. Bank, DFS to Pay $6.5M in Restitution

The Consumer Financial Protection Bureau has ordered U.S. Bank and its nonbank partner company, Dealers’ Financial Services, to pay restitution to participants in the Military Installment Loans and Educational Services (MILES) auto loans program.

Tags: 2012 DCA

June 26, 2013 - Industry News

NH Gov. OKs Dealer Bill of Rights Amendment

Tuesday, New Hampshire Governor Maggie Hassan signed into law legislation that amends the state's Dealer Bill of Rights. The bill limits OEM-prescribed facility upgrades to every 15 years, among other provisions.

Tags: 2012 DCA

June 26, 2013 - Industry News

House Republicans Call CFPB Agenda a ‘Loss to Consumers’

Thirty-five congressional republicans warn the bureau that reforms it seeks in the auto finance industry could weaken marketplace competition and hurt a consumer’s ability to obtain the best financing terms.

Tags: 2012 DCA

June 17, 2013 - Industry News

Ohio Attorney General Sues Used-Car Dealers

attorney general, dealer, fraud, lawsuits, title, vehicle title,

Tags: 2012 DCA

June 17, 2013 - Industry News

CFPB Takes Center Stage at NAF Conference

NAF Association, CFPB, Brittany-Marie Swanson

Tags: 2012 DCA

June 17, 2013 - Industry News

Ohio Attorney General Sues Used-Car Dealers

Boasko's Rt 4 Automall LLC and Buyers Choice Cars are facing lawsuits filed by Ohio Attorney General for failing to transfer titles.

Tags: 2012 DCA, lawsuits, title transfer, vehicle title

June 17, 2013 - Industry News

The VIP Treatment

In February, Hoffman Audi celebrated the opening of its new customer lounge by offering complimentary massages, manicures and an open omelette bar.

Facing OEM-mandated facility upgrades, Hoffman Audi took the opportunity to give its service drive a makeover that is winning praise from customers.

Tags: 2012 DCA

June 13, 2013 - Industry News

ProMax Unlimited Continues Skyrocketing Success

ProMax Unlimited continues growth and is on track to have over 2000 dealers using their market leading solutions by the end of the year. ProMax for the past 18 years has been recognized as the industry’s top subprime software provider and attributes its growth to the expansion of the product to be a full front end desking tool with lead and website integration.

Tags: 2012 DCA

June 13, 2013 - Industry News

Car Buyers Using Social Media, Online Reviews, Study Shows

New study from Digital Air Strike shows car buyers are turning to social media and online reviews in greater numbers before making a purchase decision.

Tags: 2012 DCA

June 5, 2013 - Industry News

Tesla Can’t Sell Directly to Consumers in Texas

Two Tesla-backed bills failed to make it to the voting round this legislative session. The legislation would have exempted Tesla from state franchise laws, allowing the electric carmaker to sell directly to consumers in that state.

Tags: 2012 DCA

June 5, 2013 - Industry News

Trade Groups Ask HUD, CFPB to Clarify Use of Disparate Impact Theory

Eight trade associations request that the Department of Housing and Urban Development and the Consumer Financial Protection Bureau clarify and create guidance related to their use of the disparate impact theory to determine discrimination.

Tags: 2012 DCA

May 29, 2013 - Industry News

Equifax: New Credit in 2013 at Five-Year High

Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.

Tags: 2012 DCA

May 29, 2013 - Industry News

Experian Vehicle History Reports to Appear on AutoTrader.com

Experian Automotive's AutoCheck dealer subscribers will be able to access Experian vehicle history reports on the AutoTrader.com site starting in September.

Tags: 2012 DCA

May 22, 2013 - Industry News

MBFS Customers Can Now Manage Accounts With In-Vehicle App

The captive becomes the first finance source to launch an in-vehicle app that allows vehicle owners to manage their account. The app will be available on model-year 2013 and newer Mercedes-Benz vehicles equipped with the COMAND Navigation system.

Tags: 2012 DCA

May 22, 2013 - Industry News

Equifax: New Credit in 2013 at Five-Year High

Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.

Tags: 2012 DCA

May 22, 2013 - Industry News

CNW: May Deliveries Expected to Climb 6 Percent

CNW Research expects May deliveries to rise 6 percent vs. the same period last year, but says there are some worrisome trends to watch.

Tags: 2012 DCA

May 15, 2013 - Industry News

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Tags: 2012 DCA

May 15, 2013 - Industry News

Marquet Intl.: Auto-Related Embezzlement Cases on the Rise

Marquet International released its annual white collar fraud and embezzlement report today. The report reveals that more automotive employees are embezzling than in previous years.

Tags: 2012 DCA

May 8, 2013 - Industry News

DealerSocket Launches Advanced Data-Mining Tool

DealerSocket is ready to release its RevenueRadar, an advanced database-mining tool that integrates with DealerSocket CRM and every major DMS.

Tags: 2012 DCA