Recent News

Light Vehicle Sales Rebounding in Late February, JD Power and LMC Report

WESTLAKE VILLAGE, Calif. — Preliminary returns from February showed that retail light-vehicle sales were on the upswing after suffering through severe weather conditions in much of the United States in January and the first week of the month, J.D. Power and...

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Auto Loan Balances Reach New High in Q4, Experian Reports

SCHAUMBURG, Ill. — Consumers continued to make their loan payment on time, Experian’s Automotive fourth-quarter data showed, with 30-day delinquencies falling 3.5% from a year ago and 60-day delinquencies remaining flat at 0.74 percent of all open automotive...

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Group 1 to Implement NADA Fair Lending Plan

HOUSTON — During the company’s quarterly investor call earlier this month, Group 1 Automotive’s chief executive confirmed the operation’s intention to implement the National Automobile Dealers Association (NADA)’s new fair lending...

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Wise F&I Now on F&I Admin’s SCS Auto Platform

CHICAGO — F&I Administration Solutions LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, is pleased to announce that Wise F&I LLC is now using F&I Admin’s...

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Dealertrack Posts Record Revenue for 2013

LAKE SUCCESS, N.Y. — Dealertrack Technologies, which reported a 24% increase in 2013 revenues vs. 2012, said this week that the 2014 National Automobile Dealers Association (NADA) Convention and Expo in New Orleans was its most successful show to date.“The...

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Ohio Regulator Accuses Mich. Dealer of Advertising Violations

TOLEDO, Ohio — Ohio Attorney General Mike DeWine announced a lawsuit against Monroe Dodge-Chrysler Inc. on Feb. 7. The company, which the Attorney General accused of practicing deceptive advertising, does business as Monroe Dodge Chrysler Jeep Superstore...

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J.D. Power: Vehicle Dependability Declines for First Time in 15-Plus Years

WESTLAKE VILLAGE, Calif. — Owners of three-year-old vehicles (2011 model year) report more problems than did owners of 3-year-old vehicles last year, according to the J.D. Power 2014 U.S. Vehicle Dependability Study (VDS).Released yesterday, the study examined...

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Ohio Dealers Taking on Tesla Again

COLUMBUS, Ohio — At the urging of auto dealers, Ohio lawmakers are backing Senate Bill 260, which would prohibit the Ohio Bureau of Motor Vehicles from issuing dealer licenses to manufacturers. Dealers believe the bureau violated a rule when it allowed Tesla...

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CNW Sees a 3.6% to 6% Increase in 2014 Sales

BANDON, Ore. — CNW Research believes the industry is on the brink of another solid year, with the research firm predicting that total sales will rise between 3.5% and 6%.Driving the firm’s positive outlook is the stability it’s seeing among the...

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Industry Must Focus on ‘Dealership Experience,’ Autotrader.com Says

ATLANTA — AutoTrader.com said this week the industry, especially dealers, needs to put greater emphasis on the customer experience. Combining insights gained through years of consumer research and working with a third-party firm to understand what fuels...

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