Distracted driving can have devastating consequences, and is a growing problem, says the American International Automobile Dealers Association. Now AIADA and its Affinity Partner, Federated Insurance, are joining forces to offer dealers help in focusing their communities’ attention to the issue of distracted driving. Federated Insurance is offering a free copy of its video, "In […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive's Q3 State of the Automotive Finance Market Analysis showed an even higher majority of used-vehicle buyers fall into subprime credit tiers. The report released Tuesday indicated the total subprime financing market for used vehicles in the third quarter increased 5.47 percent year-over-year to 54.43 percent, up from 51.60 percent in […] [Read More]

WASHINGTON, D.C. — The Federal Trade Commission recently announced publication of an interim final rule on identity theft "red flags" that narrows the circumstances under which creditors are covered by the rule. Officials explained Congress directed the FTC along with several banking agencies to develop regulations requiring financial institutions and creditors to develop and implement […] [Read More]

WASHINGTON, D.C. — One of the primary architects of the Consumer Financial Protection Bureau reportedly is heading for a leading role within the Senate Banking Committee. According to Bloomberg, U.S. Senator-elect Elizabeth Warren will be part of the chamber's banking committee after she's sworn into office in January. The online report indicated two Democratic aides […] [Read More]

SARASOTA, Fla. — Leedom and Associates recently tapped a veteran industry educator and former dealer to be a 20 group moderator, trainer and consultant. Selected for the role was Jay Prassel, according to Leedom Group chief executive officer Chris Leedom. Prassel has been in the automotive industry for more than 30 years. He began his […] [Read More]

The American Recovery Association is making an open call for speakers to be included in the fifth annual North American Repossessors Summit, which is set for April 26–27. ARA and the NARS 2013 planning committee are looking for speakers who can present their thoughts and experiences on topics relating to compliance, analytics and any other […] [Read More]

When it comes to buying used cars, more and more shoppers are looking beyond their local market. According to analysis released Monday by CNW Research, the proportion of used-vehicle customers who left their local dealer’s marketing area to buy was at 17 percent in November. This is up from 15.7 percent who did so a […] [Read More]

Late Monday, American Suzuki Motor Corp. offered an update on the amount of franchised dealerships in its network that have agreed to terms of the automaker’s dealer settlement as part of its previously announced bankruptcy, restructuring and realignment. As of the early return deadline of Nov. 30, ASMC said 213 of the 219 automotive dealers […] [Read More]

It seems a few factors on the new-car side of things may impact used-car supply in the coming months, Black Book’s Ricky Beggs contends. With new-car sales coming in strong through November, with 1.14 million total sales recorded, this past month's new-car sales activity along with Hurricane Sandy-driven inventory replacements will lead to some varying […] [Read More]

In a deal announced Tuesday morning, AutoNation will expand its presence in the Lone Star State to 50 franchises. The retailer said it has signed agreements to acquire Audi, Porsche and three Volkswagen stores in the Dallas market from Boardwalk Auto Group, and Spring Chrysler Jeep Dodge Ram in the Houston market. Together, these stores […] [Read More]