Regulatory compliance is every dealer’s business. That means issues such as advertising compliance, data and cybersecurity and making sure consumers know or can find out when the vehicle they purchase has an open recall, should be near the top of every dealers’ to-do list, according to dealer trade groups, attorneys, and others that represent dealer […] [Read More]

Perhaps independent dealerships and buy-here, pay-here operators aren’t expecting to see their vehicles roll over the curb at the pace previously seen in recent years.  The economic and corresponding retail sales growth expectations of independent dealers were a bit more subdued to begin 2018 than a year earlier, according to the National Independent Automobile Dealers Association’s […] [Read More]

As the subprime auto finance company’s field representatives are generating more business from their active dealer network, state and federal regulators are keeping the compliance team at Credit Acceptance busy, too. The latest filing to the Securities and Exchange Commission showed Credit Acceptance has encountered nine different regulatory matters since December 2014, including actions from […] [Read More]

The National Automobile Dealers Association is gearing up for its dealership manager professional training series beginning next month. Participants can now choose from sales, office, parts and service management disciplines to complete a certification in just three months. The professional series is designed for new or high-potential department managers, according to NADA. Through Dec. 21, manager […] [Read More]

Automotive reconditioning software provider AutoMobile Technologies has become the latest member to join the large CDK Global third-party partner program. As an approved CDK Partner, AutoMobile Technologies is now part of a marketplace of applications and integration choices developed to help automotive dealers compete. The integration of AutoMobile Technologies’ ReconMonitor solution with the CDK Drive DMS can […] [Read More]

The National Auto Auction Association (NAAA) has named its United Kingdom counterpart a Warren Young Sr., Fellow. NAAA announced recently that the National Association of Motor Auctions (NAMA) is the first association to join a small group of 100 other individuals and companies who have received the lifetime distinction of being named a Fellow. Cherokee Media […] [Read More]

Black Book recently shared its latest analysis that shed light on exactly how much of an impact the spring market generated this year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 increased in value by 0.3 percent during April, fueled by a strong spring selling […] [Read More]

Brian Landau, senior vice president and automotive business leader at TransUnion, again used a single word to summarize the latest quarterly auto finance information he and his team assembled. Landau decided the first-quarter moniker should be stabilization. Landau explained his thinking to SubPrime Auto Finance News as TransUnion released its Q1 Industry Insights Report that […] [Read More]

It’s always risky to put economic commentary into print, as the one is more fleeting than the other. A “reasoned analysis” can quickly appear to be a “ridiculous prediction” simply because of a quick shift in real world facts. The risk grows in times of financial market volatility, trade tensions, heightened geopolitical risks, or significant […] [Read More]

Penske Automotive Group has added a new member to its board of directors who brings extensive experience in the premium/luxury auto sector. The group announced Friday that Wolfgang Durheimer has been elected to the company board of directors at its annual shareholders meeting. He was most recently chairman and chief executive officer of Bentley Motors. "We […] [Read More]