Recent News

Daimler to set aside $560 million to cover airbag recall

Daimler said today it would set aside around 500 million euros ($560 million) this year for the recall of some of its vehicles, which contain airbags made by Takata Corp. ... Read More »

Auto Loan Balances Top $1 Trillion in Q1, Experian Reports

SCHAUMBURG, Ill. — Experian Automotive reported this week that the total balance of open automotive loans in the first quarter climbed 11.1% from a year ago to $1.005 trillion. The first time the market reached the trillion dollar mark — including both...

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DealerRater Releases iOS Version of Mobile App

WALTHAM, Mass. — DealerRater today released the iOS version of the DealerRater for Dealers App. An android version of the app is expected to be released soon.The app, according to the company, is designed to help dealerships build trust, lower apprehension,...

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DealerSocket Adds New Functionalities to Mobile CRM App

SAN CLEMENTE, Calif. — DealerSocket today announced an upgrade to its mobile CRM application that adds a mobile driver’s license scanner, push alerts for website visits and the ability to attach images and videos on outgoing emails within the mobile...

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Labor Department Publishes New Overtime Pay Rule

WASHINGTON, D.C. — On Wednesday, the U.S. Department of Labor published its final rule updating overtime regulations under the Fair Labor Standards Act (FLSA), which, according to the department, will automatically extend overtime pay protections to more...

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Wise F&I Integrates With MenuSys

ST. LOUIS — Wise F&I said this week it is now integrated with MenuSys. The connection will provide dealers with access to the F&I product provider's line of products, including GAPWise, WiseCare, TIREWise, WiseTVP, THEFTWise and KEYWise, through the...

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LoJack Recovered $112 Million in Stolen Vehicles in 2015

CANTAN, Mass. and IRVINE, Calif. — In 2015, law enforcement officials recovered more than $112 million in stolen vehicles equipped with LoJack Stolen Vehicle Recovery Systems, according to LoJack’s seventh annual “Vehicle Theft Recovery Report.”The...

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Calif. New Light Vehicle Registrations Exceed 500,000 Units in Q1 2016

SACRAMENTO — New light vehicle registrations in California exceeded 500,000 units in the first quarter of 2016, a 3.8% improvement from the year-ago period, according to the California New Car Dealers Association (CNCDA).The feat marks 22 consecutive year-over-year...

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GM expands car-sharing service Maven to Boston, Chicago, D.C.

General Motors is expanding its car-sharing service Maven to Boston, Chicago and Washington, D.C., nearly four months after the service was launched. ... Read More »

FCA’s Mopar to add first U.S. parts distribution center since 2001

Mopar plans a $12.2 million, 400,000-square-foot parts distribution center late this year in northern Virginia, Fiat Chrysler's first new U.S. center since 2001. ... Read More »