The Ontario Motor Vehicle Industry Council revealed a potential scam that may be of particular interest to dealers who secure used inventory through private party sales or regularly visit third-party sites such as AutoTrader.com. The OMVIC was alerted by the Oklahoma Used Motor Vehicle and Parts Commission (UMVCP) of a potential online scam specifically targeting […] [Read More]

When the combined Ford, Lincoln and Mercury certified pre-owned sales figures are tallied for full-year 2012, the final count is expected to be the second-highest total ever for the automaker, according to national CPO sales manager Todd Fites. What’s more, the Lincoln brand — in just 11 months — has already achieved its strongest CPO […] [Read More]

The Federal Trade Commission is considering changing the Used Car Buyers Guide and is turning to the general public for input. The Buyers Guide is required under the Used Car Rule, which goes by the formal name of the Used Motor Vehicle Trade Regulation Rule. Under this rule — which has been effective since 1985 […] [Read More]

Are Toyota’s most recent recalls affecting consumers’ interest in the nameplate's vehicles? According to data from Jumpstart Automotive Group, it appears that customers are remaining loyal despite two recalls that covered 10.2 million vehicles across the globe. [Read More]

Two hundred bicycles offer lots of opportunities to smile this holiday season, as Reynolds and Reynolds continues its tradition of donating bikes to military families. Reynolds associates in Dayton, Ohio and Houston, along with their families, gathered on Saturday to build more than 200 bicycles to be given as Christmas gifts to area military families, […] [Read More]

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]