NADA University, the education and training arm of the National Automobile Dealers Association, introduced a new, fully updated and easily accessible guide to the complex Federal Excise Tax compliance rules facing truck dealers. NADA officials explained on Tuesday that the tool, “A Guide to Federal Excise Tax Compliance,” is a new addition to the Driven […] [Read More]

Lawsuits associated with the Fair Credit Reporting Act, Telephone Consumer Protect Act and Truth-in-Lending Act all set new records last year, according to federal data compiled by WebRecon. Analysts determined that FCRA litigation had a big jump after several years of relatively flat numbers, while TCPA litigation more than doubled and TILA nearly tripled over […] [Read More]

This week, Consumer Guide Automotive revealed the recipients of its 2012 Best Buy and Recommended Awards, showcasing a total of 106 vehicles. Two domestic nameplates led the way with the most models honored as Chevrolet and Ford each had nine award winners. Toyota was right behind with eight lauded units while Honda had seven vehicles […] [Read More]

CNW Research’s latest used-vehicle supply findings concur with several other assertions from wholesale analysts — it’s not going to be easy for managers to keep their used inventories stocked. Even with trade-ins climbing because of greater new-vehicle sales, CNW revealed on Tuesday that the industry remains at a 45-days’ supply of used vehicles. Highlighting just […] [Read More]

A pair of Chicago-area General Motors dealerships is hoping to lend a helping hand to a local blood center through a rather unique promotion this weekend. Bill Jacobs Cadillac and Bill Jacobs Joliet (a Chevrolet store) are providing free oil changes to shoppers who stop in Saturday and donate a pint of blood. In addition […] [Read More]

Used-vehicle prices have been rather static to kick off 2012, but don’t expect that to continue. According to Kelley Blue Book, the first quarter will likely see used values jump between 3 percent and 5 percent and then continue to accelerate into the second quarter. What’s more, KBB projects that used prices might even eclipse […] [Read More]

As it celebrated the 2 millionth vehicle produced at its South Carolina plant, BMW announced late last week that it is pumping close to $900 million into the factory and adding 300 jobs there this year. BMW is expanding its X-model line and is building the new X4 at the Spartanburg plant, said Frank-Peter Arndt, […] [Read More]

A lot of you are hoping that 2012 is going to be an awesome year online and I am pulling for you, but what kind of plan have you developed to make it happen? Read on and I’ll map out eight steps you can do to accelerate your results. One of my favorite quotes is, […] [Read More]

A newcomer who manages an independent dealership might not recognize what the automotive landscape was like — especially for inventory floor planning — back in 1987 when Automotive Finance Corporation (AFC) started its operations. If a store was a franchised dealership, the opportunity for floor plan financing was much more plentiful at that time because […] [Read More]

Covering models in 23 different vehicle segments, U.S. News Best Cars recently highlighted its 2012 Best Cars for the Money Awards. Ford took home the most awards with five of its models selected as winners: Taurus, Fusion, Fiesta, Edge and Fusion Hybrid. For 2012, officials determined three brands emerged as winners for the first time: […] [Read More]