The National Automobile Dealers Association through its online outlet NADA University updated its guide to the Family and Medical Leave Act in light of the June 26 Supreme Court decision legalizing same-sex marriage in all 50 states. NADA officials explained spouses now qualify for leave under the Family and Medical Leave Act (FMLA) if their […] [Read More]

DealerSocket announced today that Jaguar Land Rover has named the technology provider as one of the three preferred website providers for the automaker.   Via its DealerFire product offering, which was acquired by the company in January, DealerSocket will provide websites and digital marketing solutions for Jaguar and Land Rover dealerships. “We’re very excited for […] [Read More]

When Patsy Staub drove by Manheim Pennsylvania auction 28 years ago, she wasn’t sure exactly what went on all day at the mammoth facility that stretches for acres upon acres of Lancaster County. “And then I saw a job advertisement, and I thought, ‘Oh, I’ll go in and check it out,’” Staub said. “If anybody had […] [Read More]

As September nears, both TrueCar and Kelley Blue Book are predicting new-car sales declines this month, while the number of used cars retailed is expected to grow. According to TrueCar, total used sales, including franchised and independent dealerships and private-party transactions, may exceed 3,353,742, which would mark a 3.8-percent year-over-year increase. The story is a […] [Read More]

Black Book is projecting that vehicle depreciation will be relatively stable in 2015 — coming in between 14.0 percent and 14.5 percent by the end of year. As a result, Fitch Ratings believes the depreciation movement will result in only a small impact this year on auto ABS asset performance as well as loss rates. […] [Read More]

In a move that came together since the companies do not have “philosophical differences on how to treat the customer,” Enterprise Car Sales now has the equivalent of a captive to help deliver its off-rental vehicles to buyers through a new multi-year, private-label agreement with Chase. Under the agreement announced on Tuesday, Chase Auto Finance […] [Read More]

GWC Warranty chief executive officer and president Rob Glander insisted the company’s bread-and-butter customers are dealer clients who are those small- to medium-sized independent dealerships that might not move as much metal as the big franchised stores but still want to be successful. So the vehicle service contract provider has been on a quest this […] [Read More]

Last week, to cap off its User Summit, DealerSocket announced a development with Dealertrack Technologies, impacting the companies’ U.S. and Canadian customers. The two technology companies entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business in an all-cash transaction for approximately $55 million. Dealersocket management said the acquisition will bring over […] [Read More]

Finance companies wondering about which competitors are booking the deals they believe they should be originating now can tap an enhanced solution to find answers. Through a partnership with Black Book, Equifax on Wednesday introduced new features to its Lost Sales Analysis tool for guiding finance companies’ business decisions based on analysis of their lost […] [Read More]

Sen. Richard Blumenthal, a Democrat from Connecticut, continued his efforts against the retail sale of vehicles with open recalls by taking aim at CarMax on Monday, urging the Federal Trade Commission to “take immediate action to halt CarMax’s dangerously deceptive marketing of used cars with lethal safety defects.” Blumenthal says he took these steps  in light of a […] [Read More]