With less than a month remaining in the calendar year, tax matters are top of mind at the National Automobile Dealers Association. NADA recapped that the IRS recently proposed a rule on the additional first year depreciation deduction provision that was included in the Tax Cuts and Jobs Act of 2017 (TCJA). In responsive comments […] [Read More]

While 2018 represented another year of stagnant sales of new cars and trucks, quite the opposite was true for used vehicles. In fact, for most of the year, especially during the summer months, used vehicles maintained much of their prices and values compared to the last few years. Typically, summer is when most used cars […] [Read More]

Among other honors the association shared throughout the week, the National Auto Auction Association announced its annual Auto Auction of the Year for Excellence in Community Service award at its convention last month. During the event, which was held in partnership with the National Remarketing Conference at Used Car Week in Scottsdale, Ariz., NAAA presented […] [Read More]

AutoAlert announced three executive promotions last week that it says reflect a more global presence for the company. It has promoted Don Favero to global vice president of sales and marketing, while promoting Beth Donovan to vice president of incentives and communications and Bob Smythe to vice president of field operations. “These promotions reflect the […] [Read More]

Thanks to some zero-percent finance deals around the Thanksgiving holiday, the annual percentage rate on new-car financing decreased a bit from October to November, according to Edmunds. But the new-car APR is up more than a percentage point from November 2017 and nearly 2 points from where it was five years ago. Furthermore, Edmunds emphasizes […] [Read More]

The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500. That’s according to the latest auto finance data from Edmunds, as part of an analysis that mostly focused on the new-car side but also included year-over-year […] [Read More]

President Trump happily signed the new United States-Mexico-Canada Agreement (USMCA) on Friday; a pact that replaced the North American Free Trade Agreement (NAFTA). And a trio of Cox Automotive experts also shared an upbeat assessment of the actions that might eventually trickle down to auctions and dealerships as new models become used vehicles. “The USMCA […] [Read More]

The process for establishing Kathleen Kraninger as the next director of the Consumer Financial Protection Bureau took another sharply, politically divided step forward on Thursday as the Senate barely approved invoking cloture to end debate about her nomination. Composition of the 50-49 tally included Republicans constituting all approval votes and all Democrats and the Senate’s […] [Read More]

Two companies are collaborating for enhanced subprime underwriting at a lower cost. This week, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime originations, announced a strategic integration partnership with VinAudit.com aimed at reducing costs incurred by subprime finance companies for vehicle history reports. Officials explained the full API integration with VinAudit.com in LAUNCHER.SOLUTION's appTRAKER Loan Origination […] [Read More]

The Jim Butler Auto Group wanted to know more about consumer appeal of digital vehicle subscription services. So the group that’s comprised of eight dealerships orchestrated a survey as it began to pilot its own subscription service. On Thursday, the Jim Butler Auto Group released findings from its 2018 Automotive Technology Survey. What perhaps pleased […] [Read More]