The latest vehicle sales forecast from J.D. Power and LMC Automotive shows a new-car market challenged by “rising inventories of unsold vehicles.” But some dealers are getting a shot in the arm from their used-car sales, which for franchised dealers have grown nearly 6% month-to-date, according to J.D. Power — though other analyses show mixed […] [Read More]

Now is the time for dealerships and finance companies to check their documents in connection with the Fair Credit Reporting Act. Just before Memorial Day weekend, the Federal Trade Commission approved publication of a Federal Register notice announcing the rescission of several model forms and disclosures under FCRA. Officials explained the Dodd-Frank Wall Street Reform […] [Read More]

KPA acquired Compli earlier this year, and now the provider of environmental health and safety (EHS), HR management and F&I compliance software and services has a new president and chief executive officer. According to a news release distributed on Wednesday, the company appointed Chris Fanning as president and CEO. Fanning succeeds Vane Clayton, who has […] [Read More]

Morningstar certainly appears to believe that DBRS is a good investment. Morningstar, a leading provider of independent investment research, announced on Wednesday it has entered into a definitive agreement to acquire DBRS, the world’s fourth-largest credit ratings agency. A news release indicated the transaction has a purchase price of $669 million. Morningstar said it intends […] [Read More]

Filament is leveraging the capacity of the university near its headquarters to cultivate its comprehensive enterprise blockchain solutions for the Internet of Things (IoT). The company is now working with the University of Nevada-Reno’s intelligent mobility initiative to develop a new standard based on blockchain IoT technology for attested data integrity between autonomous vehicles and […] [Read More]

Recovery Specialist Insurance Group (RSIG) and Allied Finance Adjusters are prepping for their annual gathering. REPO19 is set to begin on June 18 in Phoenix. Among the collection of experts set to speak during the three-day event, organizers highlighted the agenda includes Jack Schafer, who is a retired FBI Special Agent in the Behavioral Analysis […] [Read More]

For more than 100 years, Deluxe has been a supplier of business incorporation services and automotive business products with more than 115,000 automotive small business customers. Now, the company is a partner of the National Independent Automobile Dealers Association. Deluxe will offer its products and services through NIADA's National Member Benefit program, and the company […] [Read More]

People mover. Entertainment center. Gathering place. Those are just some of the roles that today’s family car plays. Edmunds considered those and other factors in mind in announcing its 12th annual Best Family Cars list. Honda won in three categories: Best family minivan, best family sedan, and best small family SUV. Ram, Kia, Mercedes, Volvo […] [Read More]

Much hustle gets a dealer’s new and used inventory online and ready to sell. The sizzle is the sale, but the hot coals that drive low-funnel leads — and thus shoppers — into the showroom, is online inventory maintenance. The trendiest dealer website will be hollow and unproductive where these maintenance basics are neglected. This […] [Read More]

For both Asbury Automotive Group and Group 1 Automotive, keeping a close watch on their used-vehicle inventories is an ongoing effort and one that influenced their first-quarter performance. At Group 1 Automotive, its stores retailed 29,317 used vehicles during the first quarter. That figure represented a 7.3% lift year-over-year. Daryl Kenningham, Group 1’s president of […] [Read More]