A dealer organization and a service provider are joining forces to comply with a new mandate coming in Tennessee involving vehicle recalls. Looking for ways to help Tennessee dealer members better identify safety recalls and streamline new recall compliance efforts requiring recall disclosure to consumers prior to sale, the Tennessee Automotive Association has entered into […] [Read More]

A company that had spent close to five years working on a logistics management tool designed to meet the vehicle remarketing needs of charities is now offering its services to auto auctions, as well.  AudoServ, which is a donation remarketer, partnered with Auction Edge and AutoIMS and added 180 independent auctions to its platform. The company […] [Read More]

It’s indeed a time to be thankful within the team at defi SOLUTIONS. The company shared that it recently collected another industry honor, being awarded a spot on the 2017 Dallas Morning News Top 100 Places to Work. This is the first time defi SOLUTIONS has participated in the annual contest in which employees nominate […] [Read More]

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]