NADA Regulatory Affairs has spotted a regulatory update dealers may want to pay attention to: the Federal Trade Commission announced Friday that it has updated its informal staff publication — “FTC’s Endorsement Guides: What People Are Asking” — to help answer questions regarding the legal principles involved with disclosing material connections between advertisers and endorsers. […] [Read More]

New vehicles are leaving franchised dealership showrooms with lease contracts at a pace never previously seen by Experian Automotive. According to the latest State of the Automotive Finance Market report, analysts reported on Monday that leasing continued to increase in popularity during the first quarter, jumping from 30.22 percent of all new vehicles financed in […] [Read More]

Is your dealership ready for this coming October’s fraud liability rules to take effect? Are you well versed in EMV (Europay/MasterCard/Visa) chip card acceptance? If not, then you may want to jot down the time and date of the American International Automobile’s Dealers Association’s upcoming Webinar. The next AIADA Autotalk Series webinar, presented by Wells […] [Read More]

Car Delivery Network recently announced the launch of vinYARD, a cloud-based yard-management solution that helps shippers and carriers track and manage vehicle inventory at various storage points. One key feature of vinYARD is its eGATE system, which replaces paper bills of lading and load sheets and simplifies the overall process by allowing truckers to exit […] [Read More]

If there’s any doubt to how much the used-car market has grown post-recession, consider the following data from Edmunds.com that compares used sales data from the first quarters of 2010 and 2015, respectively. Sourced from Edmunds’ Q1 2015 Used Vehicle Market Report, these four statistics give a clear indication of how strong the market has […] [Read More]

If buyers keep their vehicles for the duration of the installment contract, dealerships and finance companies likely won’t see these consumers again for another purchase until 2020 or possibly beyond — an assertion stemming from the record-setting term metrics Experian Automotive reported on Monday. Analysts determined longer-term loans for both new and used vehicles are […] [Read More]

Here is a possible reason why your subprime customer who might have been current on their vehicle installment contract suddenly slipped into delinquent status. The latest in a series of consumer analysis reports from the Federal Reserve showed 47 percent of respondents say they either could not cover an emergency expense costing $400, or would […] [Read More]

In honor of the just concluded Military Appreciation Month, Security National Automotive Acceptance Co. (SNAAC) made a $20,000 donation to USA Cares. As part of its commitment to honor the men and women that serve our country, SNAAC has donated $45,000 to USA Cares during the past three years. In addition to the corporate donation, […] [Read More]

With financing being one of the biggest pain-points for shoppers, it seems dealers don’t mind shelling out a bit more for better service from their financing companies and captives. According to J.D. Power’s 2015 Canadian Dealer Financing Satisfaction Study, good service and fast contract funding for consumer-facing products come before low pricing in Canada’s auto […] [Read More]

In the movie “City Slickers II: The Legend of Curly’s Gold,” Billy Crystal’s character is inspired on his 40th birthday to take a trip with his best pal and his brother in search of hidden treasures. As you may remember, the trio played by Crystal, Daniel Stern and Jon Lovitz then navigate through a rather […] [Read More]