While car values depreciated at twice the rate of truck values last week, this may seem like old news — but one new trend is now showing up on analysts' radar. It’s not just the smaller cars feeling heavier depreciation as market correction from tax season highs, mid-size and larger cars are feeling downward pressure, […] [Read More]

Imagine what would happen if dealers could only offer a fraction for their customer's trade-ins, or could not even send the trade-in vehicle to auction. This could be a dark reality if the Sen. Richard Blumenthal (D-Conn.) used car amendment, which would ground all recalled vehicles at dealerships until remedied, is passed. When a food […] [Read More]

Officials announced recently that ADESA subsidiary PAR North America has been selected as TD Auto Finance’s Repossession Vendor of the Year for the second consecutive year. The company highlighted PAR’s selection was based on outstanding ratings on performance, compliance and communication. PAR was the segment leader in key performance areas, including: — Repossession rate — […] [Read More]

On Monday, the Consumer Financial Protection Bureau blocked access to information the National Automobile Dealers Association sought. NADA officials said the CFPB rejected a Freedom of Information Act (FOIA) request to release a memorandum that they believe can show the bureau is seeking to exercise jurisdiction over franchised dealers, which is prohibited under the Wall Street […] [Read More]

Re3 Conference presenting sponsor Digital Recognition Network (DRN) announced on Tuesday that the company is providing its Event Links product to the National Insurance Crime Bureau (NICB) free of charge. Company officials highlighted Event Links, often used by insurance company special investigative units, uses DRN’s vehicle location data to provide evidence of individual and collusive […] [Read More]

Last month, some of the sportier Subaru models were proving hard to find, but in June, dealers may have been hard pressed to locate a number of Audi’s niche popular models for customers. According to Autotrader’s June scarcity report, which lists certified pre-owned and used vehicles in high demand and low supply nationally as well […] [Read More]

Franchised dealers and exhibitors who go to the National Automobile Dealers Association’s largest event each year now can plan to enjoy the amenities of Las Vegas more regularly. NADA’s board of directors recently announced that the NADA and ATD Convention and Expo will be held in Las Vegas every two years instead of once every four […] [Read More]

Last year, there was the ignition issue in older General Motors vehicles. Then earlier this year came faulty Takata airbags that impacted Honda as well as more than a half dozen automakers. Now in the past couple of days, Fiat Chrysler is buying back units and being forced to pay nine-figure penalties. Recalls are keeping […] [Read More]

Mercedes-Benz of The Woodlands, a Texas dealer near Houston that opened earlier this year, has announced that it plans to donate 100 percent of its new profits from the month of July to the Johnny Mac Soldiers Fund and the Texas Children’s Hospital. All net profits from vehicle sales, service visits and other transactions conducted […] [Read More]

Sonic Automotive’s board of directors announced Monday the shifting of several executive-level positions within the company, including a new chief executive officer. Taking on the role of CEO for the group is Scott Smith, complementing his other roles. Bruton Smith was also named as an executive chairman. David Smith will continue to serve as Sonic’s […] [Read More]