Following the recent recall news surrounding the various incidents related to Takata airbag inflator ruptures, it appears as though the National Highway Traffic Safety Administration is playing it extra careful with its recent investigation into another set of incidents involving airbag inflators from a different manufacturer. NHTSA opened an investigation on Monday involving two separate […] [Read More]

The Consumer Financial Protection Bureau and Department of Justice just took a big bite out of the F&I income Honda dealerships can generate through the financing of vehicle installment contracts by their captive. CFPB and DOJ officials said on Tuesday that they resolved an action with American Honda Finance Corp. they believe will put new […] [Read More]

Though during the first week of the month, the tides turned as trucks experienced larger auction price declines than cars, business was back to a “summer normal” last week. According to the latest Black Book Market Insights report, trucks remained ahead of the game in the lanes last week as most car values declined. “After an […] [Read More]

What law enforcement considers to be deceptive advertising associated in part with vehicle financing is continuing to hit New York dealerships in the pocketbook. New York attorney general Eric Schneiderman announced two separate settlements on Tuesday involving 23 franchised dealerships and financial penalties surpassing $340,000. The larger of the two agreements is requiring 22 dealerships […] [Read More]

ACA International, the association of credit and collection professionals, filed a lawsuit on Monday in the United States Court of Appeals for the D.C. Circuit seeking judicial review of the Federal Communications Commission’s declaratory ruling and order adopted June 18 on the Telephone Consumer Protection Act. The official ruling was released last Friday. The FCC’s […] [Read More]

A final ruling has been made in the class-action lawsuit filed against General Motors of Canada in regards to actions taken to close dealerships amid the economic downturn. With that, the claims against GMCL have been dismissed. That said, Justice Thomas McEwen has come down hard on the law firm Cassels Brock, which has close ties […] [Read More]

Auction volume was up more than 8 percent year-over-year in June, and year-to-date figures continued to hold strong, according to the latest Economic Dashboard from the National Auto Auction Association. Specifically, the tally for the month of June climbed 8.3 percent against comparable weeks of 2014. Auction volume for the first half of the year was up 7.3 […] [Read More]

Ever wonder why we keep changing our industry arbitration rules? Every few years, we need to tweak them; some to make the issues less granular and some to make them more granular. I bet we can guess how the winds are blowing and from which direction with this latest round of changes. The interesting part […] [Read More]

GPS tracking solutions provider Skypatrol released what it’s calling a time-saving solution for batch communications to customers in your related finance company portfolio who are behind on making their installment payments. Skypatrol highlighted its AutoBatch for DMS can give buy-here, pay-here dealers and vehicle finance companies the capability to automate DMS-driven “machine to machine” (M2M) […] [Read More]

Cox Automotive and the National Association of Minority Automobile Dealers presented its Innovation Award to a Texas dealer principal during its awards dinner at the 2015 NAMAD Conference on Thursday.                                                      Cox Automotive’s vice president of customer and […] [Read More]