Recent News

Even millennials bypass social media during car-buying journey

Despite years of hype by automakers and dealers, social media remain a non-starter for car shopping. Just 1 percent of car buyers use social sites to shop for a vehicle, according to an AutoTrader survey. ... Read More »

Fueling the Service Pump

Why do people pay thousands of dollars for their vehicles and then allow untrained technicians to work on them? This question has baffled dealers for years. Typically, consumers will say they can get repairs done cheaper by taking their vehicle to a third-party...

... Read More »

July New-Vehicle Sales Increase 5% in July, Autodata Reports

WOODCLIFF LAKE, N.J. — The summer sales momentum continued in July, with light vehicle sales increasing 5% from a year ago to 1.435 million units, according to Autodata Corp. This July SAAR came in at 16.48 million units, up from 15.76 million in July 2013...

... Read More »

Battleground States

Since it went live in July 2011, the Consumer Financial Protection Bureau (CFPB) has unified the F&I industry in defense of the indirect auto finance channel. But concerns about the bureau’s interest in F&I products have brought an issue that has...

... Read More »

Dealership Employee Sentenced for $50,000 Theft

KINGSTON, Pa. — A former employee of Wyoming Valley Motors BMW was sentenced Monday to four years of probation, with the first 12 months to be served under house arrest. The woman, who pleaded guilty in June to a single count of theft, stole $52,500 from...

... Read More »

TrueCar Posts Record Revenue in Q2

SANTA MONICA, Calif. — TrueCar posted a record $50.5 million in revenue in the second quarter, a 62% increase from a year ago.This was the first time the company has exceeded $50 million in quarterly revenue, noted TrueCar CEO Scott Painter. In April, the...

... Read More »

F&I Products at Center of Legislative Battles in Four States

Since it went live in July 2011, the Consumer Financial Protection Bureau (CFPB) has unified the F&I industry in defense of the indirect auto finance channel. But concerns about the bureau’s interest in F&I products have brought an issue that has...

... Read More »

Toyota touts suburban swagger

Toyota's 'Swagger Wagon' is a hip-hop send-up of suburban family life featuring Busta Rhymes. ... Read More »

FTC Requests Public Comments on SCI’s Applications to Approve Sale of Funeral Home and Cemetery Assets in California and Florida

The Federal Trade Commission is currently accepting public comments on two applications by Service Corporation International (SCI) to sell certain funeral home and cemetery assets, as required under the FTC’s May 2014 order settling charges that SCI’s acquisition...

... Read More »

Email Spammer Settles FTC Charges: Tricked Consumers With False Information About the Affordable Care Act

An email spammer and his company will pay $350,000 to resolve Federal Trade Commission charges that they sent deceptive emails in advance of the Affordable Care Act (ACA) roll-out, falsely claiming that consumers would be violating the law if they did not immediately...

... Read More »