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]

While the Office of the Comptroller of the Currency acknowledged vehicle installment contract delinquencies are are at “manageable” levels now, FICO’s analytic team recently offered a pair of recommendations to help finance companies protect profitability in case those conditions deteriorate. The first recommendation FICO shared in a recent blog post was how finance companies should […] [Read More]

When IDDS Group co-founder and chief executive officer Max Zanan arrives at a dealership to conduct a consulting and training session, he acknowledged that he rarely sees any documents hanging within the F&I department that shows managers are certified through the Association of Finance & Insurance Professionals (AFIP). As a result, Zanan insisted dealerships are […] [Read More]

Associates from GSFSGroup, a nationwide provider and administrator of F&I products, recently banded together to honor the nation’s military veterans by collecting, assembling and delivering hundreds of care packages to the Michael E. DeBakey VA Medical Center in Houston. The leadership team reviewed several options for community service and officials indicated this project struck a […] [Read More]

An upcoming mark-up of a proposed Republican transportation bill featuring regulatory and consumer protection reforms, which may contain several provisions that could directly impact dealers, is scheduled for Wednesday morning. And several industry sources have already offered their thoughts on this measure (more on that below).  Update: check out some of the ramifications for used-car dealers […] [Read More]

If you’re having trouble finding a low-mileage unit in the off-rental lanes, don’t be alarmed. Manheim discovered the average mileage for these units reached a new high earlier this year, surpassing 50,000 miles for the first time. That amount is more than double the low points Manheim spotted. The industry saw average of about 25,000 […] [Read More]