January 14, 2014 - Industry News
A joint complaint filed in North Carolina alleges buy-here, pay-here dealerships targeted African-American customers for unfair and predatory credit practices that violated federal and state law.
Tags: Deceptive Practices, Department of Justice, discrimination, Equal Credit Opportunity Act (ECOA), North Carolina, U.S. Attorney
A new brand loyalty report from CarFinance.com found that below-prime car buyers are less loyal than the average car buyer. Kia topped the list of brands this group is most loyal to.
Tags: brand loyalty, CarFinance.com, Chevrolet, Dodge, Ford, Kia, Nissan, subprime, trade-in vehicles
The transaction significantly expands Autobytel’s dealer network and is expected to deliver meaningful increases in revenue and cash flow.
Tags: Acquisition, Autobytel, AutoUSA
January 9, 2014 - Industry News
The Federal Trade Commission announced today that an enforcement sweep has netted 10 dealers in seven states for deceptive advertising practices.
Tags: Deceptive Advertising, Federal Trade Commission, Violations
Used-vehicle prices in the United States declined slightly in the fourth quarter 2013, but they remained at historically high levels as consumer demand stayed strong, Manheim reports.
Tags: Manheim, Tom Webb, used-vehicle values, Wholesale Pricing
Bellavia Blatt Andron & Crossett P.C. has joined forces with another law firm in prosecuting its antitrust suit against Carfax.
Tags: antitrust, Carfax, Leonard Bellavia
The U.S. House of Representatives passed legislation this week repealing a 1977 law requiring auto dealers to certify that new vehicles are compliant with the Clean Air Act. The measure now heads to the U.S. Senate.
Tags: Clean Air Act, David Westcott, NADA
January 7, 2014 - Industry News
AutoAlert Inc. was named as one of the “Top 100 Workplaces” by the Orange County Register. AutoAlert employs 60 people at its Irvine, Calif., headquarters and another 50 in field operations.
Tags: AutoAlert, employees, Orange County Register, workplace
The patent-pending technology aims to rev up engagement and conversion on dealership websites by feeding vehicle information directly into live chat features.
Tags: auto dealer, Brad Title, Gubagoo, inventory, live chat
Cox Enterprises acquires 25% stake in AutoTrader Group from Providence Equity Partners.
Tags: AutoTrader.com, Cox Enterprises, Equity, KBB.com
As a preferred provider, Maritz Dealer Solution will work with approximately 100 Mazda dealers in five regions to improve lead management and the buying experience they deliver to customers.
Tags: auto dealer, Maritz Research, Mazda
Illinois State Senator Jim Oberweis is proposing to lift the state’s ban on Sunday car sales, but car dealers, to his surprise, are opposed.
Tags: legislation, Stephanie Forshee, Vehicle Sales
Digital marketing services provider is launching a new web platform designed to integrate Haystak Digital Marketing’s entire digital suite.
Tags: auto dealer, Haystak Digital Marketing, NADA, responsive design, SEO, technology
December 31, 2013 - Industry News
Today ends John Krafcik’s tenure as president and CEO of Hyundai Motors America. He will be replaced by David Zuchowski, the company’s executive vice president of sales.
Tags: Hiring, Hyundai, John Krafcik
Ford predicts it will come in as the top-selling marque for 2013, a title it’s held for four straight years.
Tags: Ford, Vehicle Sales
December 30, 2013 - Industry News
Often overlooked, the Gen X demographic is still important for digital marketers, eMarketer finds.
Tags: automotive, eMarketer, Facebook, Generation X, Internet, social media
December 26, 2013 - Industry News
Mobile now accounts for more than 22% of all U.S. digital ad spending, up from 3% in 2010.
Tags: ad spend, digital marketing, Mobile Marketing
The Post and Courier reports that employees at two Charleston car dealerships schemed low-income buyers into buying vehicles they could not afford.
Tags: fraud, Lawsuit
December 20, 2013 - Industry News
The settlement is the department’s third largest fair lending agreement and largest ever auto lending agreement.
Tags: Ally Bank, Ally Financial, CFPB, Consumer FInancial Protection Bureau, discrimination, Dodd-Frank Act, Settlement
December 19, 2013 - Industry News
Dealertrack Technologies reports that an agreement is in place for the technology company to acquire Dealer.com. Dealertrack will retain the Dealer.com name and is expected to appoint CEO Rick Gibbs as executive vice president and group president of its digital marketing solution team.
Tags: Acquisition, automotive, car dealer, Dealer.com, Dealertrack, digital marketing, Website
December 18, 2013 - Industry News
Dealers from across the country are finding different ways to celebrate the holidays in their stores. Check out our photo gallery to see how festive some stores are this year.
Tags: automotive, car dealer, Cars, Christmas, Dealership, holiday, photos, Santa
December 17, 2013 - Industry News
Following a critical piece in the New York Times on the arbitration clause found in its warranty statement, Hyundai drops the policy. The change came a week before the CFPB released its first report on the effect of arbitration agreements on consumers.
Tags: arbitration agreements, Brittany-Marie Swanson, Consumer FInancial Protection Bureau, Hyundai
TD Bank officials said the company will trim down its 9,000 member U.S. dealer network in order to provide better service.
Tags: Brittany-Marie Swanson, Dealer, Quarterly Earnings, TD Bank Group
Top search engines released their top search terms for the year, with Google’s annual Zeitgeist being released today. And according to results, auto-related searches were among the most popular search terms in 2014.
Tags: Chevy Volt, Internet Shopper, Online Marketing, Tesla Motors, Volvo
December 16, 2013 - Industry News
Dealer advocate issues an impassioned appeal to dealers, arguing that 'chasing reviews" has done little to foster trust between dealers, manufacturers and car buyers.
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