The Federal Trade Commission recently finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act or the FTC Act against companies that are attempting to collect the debts of deceased consumers. Officials said the decision is effective only if collection companies communicate with someone who […] [Read More]

With more and more consumers seeing used-vehicle purchases as smart, cost-conscious choices and then holding onto these models longer than ever, mechanical coverage has become an even stronger selling point for dealers. Auto Remarketing recently reached out to a variety of service contract and warranty companies throughout the country, recognizing that especially in the face […] [Read More]

Though he has been in retirement for more than two years after an extensive career in the auto finance field, well-known SmartAuction developer and former GMAC executive Bill McIver now has a new duty: serving as a board member for Dealer Services Corp. of Indiana. [Read More]

Pick a body style, and the vehicle is probably included in the latest Kelley Blue Book Hot Car Report. What topped week-over-week shopping activity growth at Kbb.com is a unit that not all dealers might automatically have in inventory — the Ram 3500 Crew Cab. Activity for this large pickup spiked 73.4 percent, and Arthur […] [Read More]

Avis Budget Group revealed late last week that its Avis Budget Rental Car Funding subsidiary completed an offering of $650 million of asset-backed bonds with a weighted average interest rate of 3.5 percent. Officials said the proceeds of the offering are expected to be used to refinance ABS debt maturing in 2012. The debt has […] [Read More]

A week after announcing plans for the Atlanta leg of its baseball-themed community outreach, AutoTrader.com revealed that it is taking its hunger eradication efforts to Chicago, where it will work with dealers in the region as well some of the city’s baseball stars. [Read More]

In choosing the color for their car, Canadian consumers tend to stick to so-called “traditional” hues, according to a study commissioned by Ford of Canada. In fact, the overwhelmingly most popular vehicle color in the country is silver/gray, which was the chosen color for 22.3 percent of respondents in the study, which was conducted by […] [Read More]

In light of the provincial election coming up in Ontario, the Toronto Automobile Dealers Association is taking action to halt what it believes has been a “war on cars” and is imploring the political parties to put the traffic issue at the forefront of the election. [Read More]

While the projections for August car sales differ from analyst to analyst, a common theme is brewing in their forecasts: the new-vehicle market — though still climbing — can’t seem to reach its full potential as downward economic and industry factors are limiting the auto recovery. Whether the main culprit is the topsy-turvy stock market, […] [Read More]

Dealer.com revealed Thursday that venture capital and growth equity firm Accel Partners — which invested early in the game in Facebook, Groupon and Rovio/Angry — has now invested in the Vermont-based online auto marketing provider. Accel now has a minority ownership stake in Dealer.com, and partner Todd MacLean is set to come aboard Dealer.com’s board […] [Read More]