The National Independent Automobile Dealers Association has appointed a legislative/regulatory/compliance counsel, revealing Wednesday that Mac Murray, Peterson & Shuster LLP has taken on the role. The New Albany, Ohio, firm is headed up by Betty Montgomery, who is a former two-term Ohio Attorney General and state senator. Officials said she brings an extra level of […] [Read More]

Nearly two years after first delving deeper into the industry with a new weekly e-newsletter, Cherokee Automotive Group is rebranding its repossession and recovery media property with an eye on broadening its audience online and through industry conferences. CAG’s revamped media property is now called Re3 — Repossession, Recovery, Remarketing, stemming from discussions president Bill […] [Read More]

National Finance Adjusters leadership confirmed the man who literally wrote the book about how the repossession industry should operate tragically passed away recently. NFA executive director Joan Hudson said Jack Barnes died last Monday on an ATV at his Oklahoma home when an apparent medical emergency occurred. Barnes’ book, Collateral Recovery, has been printed multiple […] [Read More]

Vehicle Production Group, which designs, manufactures, markets and distributes models for wheelchair accessibility, selected Ally Financial Monday as the preferred financing provider in the U.S. Officials explained Ally will offer wholesale financing, floor plan insurance and remarketing services for VPG dealers, as well as retail financing for their customers. [Read More]

The American International Automobile Dealers Association contends that employee benefits dynamics have become “increasingly complex” due to cost hikes and governmental reform. With this backdrop in mind, AIADA and affinity partner Northwestern Mutual are offering a free online seminar next week designed to teach dealers best practices when it comes to providing employee benefits like […] [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]

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]

As it celebrated the 2 millionth vehicle produced at its South Carolina plant, BMW announced late last week that it is pumping close to $900 million into the factory and adding 300 jobs there this year. BMW is expanding its X-model line and is building the new X4 at the Spartanburg plant, said Frank-Peter Arndt, […] [Read More]

A newcomer who manages an independent dealership might not recognize what the automotive landscape was like — especially for inventory floor planning — back in 1987 when Automotive Finance Corporation (AFC) started its operations. If a store was a franchised dealership, the opportunity for floor plan financing was much more plentiful at that time because […] [Read More]

Amid the debate swirling within the auto industry about the company’s practices in the digital space, TrueCar announced Wednesday that it changed its billing model in Virginia to be subscription-based instead of performance-based, and changes in more states could follow. TrueCar said it adjusted the billing model — which had charged participating dealers a $299 fee […] [Read More]