TrueCar announced late last week that it is bringing its legal team in-house by hiring three new leaders. This trio — consisting of Troy Foster, Johnny Stephenson and Jeff Swart — joined TrueCar after years of experience working for the company’s outside regulatory and corporate counsel. Foster, the new chief legal and compliance officer, is […] [Read More]

Certified pre-owned sales results for June flowed in this morning and showed that a newly updated program in the Canadian certified landscape is gaining ground among consumers. Kia Canada’s new enhanced certified program, relaunched back in April, is “gaining traction and support,” Richard Pasta, Kia Canada's manager of national fleet sales, remarketing and CPO, told […] [Read More]

It seems interest in hybrid and electric vehicles might be slowing as predictions of more stable gas prices are on the horizon, NADA Used Car Guide analysts pointed out in a recent analysis. . In fact, according to the latest NADA Perspective report that highlighted hybrid vehicle market performance, hybrid electric vehicle sales are down […] [Read More]

Topping the rankings in Strategic Vision’s 19th annual Total Quality Index (TQI) for 2014 are Tesla, Audi and Kia. The honor for Best Model in Total Quality went to the Tesla Model S, garnering a near-perfect score on the TQI scale. Kia led the way in the mass market segment while Audi, followed closely by […] [Read More]

Sales-wise, there wasn’t much growth to speak of in the used-car market during June. And there weren’t as many shoppers. But the money — now, that was much better. CNW Research said that based on the transaction prices it tracks, there was a 17.3-percent year-over-year increase in the total value of used-vehicles sold last month […] [Read More]

Flint Auto Auction recently picked up a pair of top awards from two of its commercial consignors — US Bank and Automotive Credit Corp. First, the auction received a rare recognition from US Bank, which presented the auction with its Director’s Award for 2013.  US Bank has presented this award only three times and honored […] [Read More]

Long-time enemies of a vehicle’s current condition — corrosion and rust — created a recall of more than 660,000 units by Subaru of America. The National Highway Traffic Safety Administration said Subaru is recalling four different models because of the possible excessive corrosion near the brake lines. The models included in the campaign are: —2005-2009 […] [Read More]

Featuring discussions about the Consumer Financial Protection Bureau and its proposed changes on indirect auto lending at franchised dealerships, North McArthur, president of Long McArthur Ford Lincoln, recently hosted Rep. Tim Huelskamp at his store. During his visit with the Kansas Republican, McArthur highlighted the dealership’s economic impact on the town of Salina, such as […] [Read More]

Two members of the U.S. House Financial Services Committee who are outspoken critics of the Consumer Financial Protection Bureau found another point to rail against the regulatory agency. This time, these lawmakers shared their frustration about a report from the Federal Reserve’s Inspector General that showed the cost of renovating the CFPB’s rented headquarters has […] [Read More]

Though car dealership employees, on average, earn more than the average weekly earnings of U.S. private sector employees, retention remains a large problem for dealerships across the country. According to NADA’s 2013 Dealership Workforce Study Industry Report, franchised dealership employees, on average, earn 27 percent more than the average weekly earnings of all U.S. private […] [Read More]