The National Automobile Dealers Association began a parade of public hearings Tuesday as federal officials continue dialogue about proposed fuel economy rules for model year 2017-2025 passenger cars and light-duty trucks. Offering his testimony,  New Mexico dealer and NADA committee leader Don Chalmers urged federal agencies to properly consider the rising consumer cost of new […] [Read More]

The new year already has generated a new record for Black Book’s editors as last week they established a new mark for the most daily adjustments. Black Book’s staff made a daily average of 3,280 adjustments last week, almost 400 more per day than the previous high set during the week ending Aug. 12. Thanks […] [Read More]

Lexus has joined the fray of automotive companies advertising in what’s arguably the sports world’s biggest event, announcing Tuesday that it will roll out a Super Bowl commercial for the first time ever this year. The plan is for the luxury brand to showcase its 30-second spot during the first half of the game. Super […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, introduced a new, fully updated and easily accessible guide to the complex Federal Excise Tax compliance rules facing truck dealers. NADA officials explained on Tuesday that the tool, “A Guide to Federal Excise Tax Compliance,” is a new addition to the Driven […] [Read More]

Meant to enhance the capability of the vehicle’s infotainment system, Subaru of America and Aha by Harman recently forged partnership geared to use the Aha platform to seamlessly bring Web-based content into Subaru models. Officials said the goal is to let drivers interact with this Web-based content right through their radios. Subaru said it is […] [Read More]

HOUSTON — Franchised dealers enter 2012 with many of the same challenges they have faced for the last 24 months: excess facilities, needing more vehicle sales, declining credit scores of their customers and tougher credit approvals from financing subprime sources. In response, many are looking at entering buy-here, pay-here as an alternative. Notice I used […] [Read More]

LOS ANGELES — Dealer management solutions provider Nowcom recently announced it renewed a relationship with the National Independent Automobile Dealers Association as a Gold National Corporate Partner for the second year in a row. Nowcom indicated it has worked with the NIADA since 2005. The company became a Preferred Partner in 2009, a Bronze Corporate […] [Read More]

GRAND RAPIDS, Mich. — Lawsuits associated with the Fair Credit Reporting Act, Telephone Consumer Protect Act and Truth-in-Lending Act all set new records last year, according to federal data compiled by WebRecon. Analysts determined that FCRA litigation had a big jump after several years of relatively flat numbers, while TCPA litigation more than doubled and […] [Read More]

WASHINGTON, D.C. — The Economic Advisory Committee of the American Bankers Association, including 11 chief economists from the largest banks, is predicting the economy will continue moderate growth with relatively low inflation and steady job growth in 2012. Inflation-adjusted GDP growth rose to an annualized pace near the long-term potential of 2.5 percent in the latter […] [Read More]

Lawsuits associated with the Fair Credit Reporting Act, Telephone Consumer Protect Act and Truth-in-Lending Act all set new records last year, according to federal data compiled by WebRecon. Analysts determined that FCRA litigation had a big jump after several years of relatively flat numbers, while TCPA litigation more than doubled and TILA nearly tripled over […] [Read More]