The Justice Department filed a lawsuit this week in the Eastern District of Michigan to recover damages from the COPOCO Community Credit Union, alleging that the institution violated the Servicemembers Civil Relief Act (SCRA) by repossessing protected servicemembers’ vehicles without obtaining the necessary court orders. The SCRA protects the rights of servicemembers on active duty […] [Read More]

An interactive tool that can allow clerks to hone the skills they need to deliver a virtual version of the tradition auto auction experience to online dealers is the newest addition to the National Auto Auction Association’s Education and Training Library. The tool is designed to establish performance criteria to create consistency, reduce block errors and incite participation. One […] [Read More]

The settlement plan involving Volkswagen and Audi 2.0L TDI vehicles in the United States cleared another hurdle on Wednesday when Judge Charles Breyer of the U.S. District Court for the Northern District of California granted preliminary approval of the agreement reached on June 28 with private plaintiffs represented by the Plaintiffs’ Steering Committee (PSC) to […] [Read More]

AutoAlert announced it is now a certified partner in the Audi of America Tier III Co-Op Program. The program allows Audi dealerships to be reimbursed for certain OEM-approved expenses, provided they follow certain guidelines and have funding available. This process can give their teams more spending power elsewhere, according to news release. AutoAlert equity- and data-mining […] [Read More]

NextGear Capital announced an agreement with CarMax on Wednesday that will allow dealers to use their NextGear Capital lines of credit at all 68 CarMax auction locations. NextGear Capital floor plans are currently accepted at more than 1,000 live and online auctions, and may be used with inventory sources such as trade-ins, off-street purchases and […] [Read More]

As a non-profit financial counseling organization, our counselors see first-hand the impact a car and a car loan have on the financial security of individuals and their families. The value of a reliable car is pretty clear. It expands employment opportunities, since you’re not limited to the reach of public transportation and it gives individuals […] [Read More]

While Sonic Automotive’s EchoPark operations continued to gain steam during the second quarter, the dealer group’s overall used-vehicle performance during the second quarter softened a bit when compared to a year ago. Sonic highlighted on Tuesday that its EchoPark stores — rooftops that only turn used metal — posted a 28.9-percent sales gain in Q2, […] [Read More]

Fiat Chrysler Automobiles acknowledged on Tuesday that its “streak” of year-over-year monthly new-vehicle sales improvements since April of 2010 actually ended nearly three years ago. In response to recent press reports that raised questions about the manner in which FCA reported vehicle unit sales data on a monthly basis, the automaker explained its new methodology […] [Read More]

Edmunds.com celebrated the grand opening of its brand new headquarters — dubbed "EdQuarters" — at the Colorado Center in Santa Monica, Calif., on Tuesday. The facility consisting of 143,000 square feet was designed by M+M Creative Studio, and site officials believe it “sets a new bar” for workplace culture and amenities in Los Angeles’ emerging […] [Read More]

Automakers are investing heavily in autonomous and connected-car technology, but with these potentially exciting developments comes an increased possibility for cyber-attacks against vehicles. Among the consequences of failing to protect against cyber attacks is loss of business. In fact, 82 percent of consumers surveyed said they would be wary of buying from or would never […] [Read More]