The National Automobile Dealers Association wanted to alert principals and store owners who might be impacted by any turkey-consumption slumber about a crucial part of the U.S. Senate’s tax reform measure that currently includes a significant change regarding deductibility of floor plan interest. As currently written, NADA explained the Senate’s tax bill would limit the […] [Read More]

Ally Financial announced Tuesday that it has appointed Josh Wilsusen to head the company's Washington office as its new managing director for public policy and government affairs. Wilsusen most recently served as executive director of government relations at Morgan Stanley where he represented the company both on Capitol Hill and at federal banking agencies regarding securities […] [Read More]

The latest dealer survey from KeyBanc Capital Markets highlighted that an overwhelming majority of participants see used vehicles rolling over the curb at a healthy clip and service drives steady with activity. Analysts explained that survey responses indicated a second consecutive month of used-vehicle sales volume increases in October as 76 percent of respondents reported […] [Read More]

Get ready for turkey and softer prices in the lanes. This week’s Black Book Market Insights report showed that used-vehicle value depreciation hit an all-time weekly high for 2017. Editors indicated sub-compact luxury crossovers saw the largest decrease in values last week, dropping by 1.25 percent. A close second, minivans saw the next-highest depreciation, falling […] [Read More]

While gift-givers thinking of the best gifts this year probably consider the gift of a car a top-notch gesture, it is quite rare, according to CarGurus. Only 11 percent of drivers who have been gifted a car for a special occasion received it during the winter holidays, according to a recent survey conducted by CarGurus. CarGurus […] [Read More]

So you have heard over the years that independent dealers cannot use the cash method of accounting and must use the accrual method, which is correct. You have been told about the benefits of a related finance company and how having one can mitigate much of the tax due to the revenue recognition under the […] [Read More]

Alliance Inspection Management (AiM) recently launched AiMCertify.com for vehicle buyers and sellers. AiMCertify.com offers tiered inspection solutions — starting as low as $129 — for used vehicle shoppers and sellers through four product offerings: AiM Preferred, AiM Plus, AiM Premier and AiM Commercial. Each package includes: —A 150-point inspection —Bumper-to-bumper interior and exterior evaluation —A […] [Read More]

After bottoming out in September, Swapalease.com noticed a rebound in vehicle lease transfer approvals in October. The site reported that vehicle lease credit applicants registered a 55.6 percent approval rate for October. The lease credit approval rate improved over previous month’s rate of just 47.6 percent, which represented the lowest percentage of approval so far […] [Read More]

Continuing a cyclical pattern S&P and Experian analysts have seen for nearly a decade, the auto finance default rate moved higher in October; and actually to the highest level in almost three years. According to the auto finance component of the monthly report from S&P Dow Jones Indices and Experian, October defaults rose 6 basis […] [Read More]

Thanksgiving has always been one of my favorite holidays. A uniquely American opportunity to gather with family, share favorite recipes, and reflect upon all the blessings in your life is a blessing in itself. But this year, I suspect many dealers will experience indigestion around the Thanksgiving table NOT due entirely to green bean casserole. […] [Read More]