Dealer News

DriveTime Automotive Group Inc. and Bridgecrest Acceptance Corp. offered a cash tender to purchase all of their outstanding senior secured notes due 2021 with an aggregate principal of $400 million …
The Ohio Attorney General sued a used-car dealership and its co-owners for failing to deliver vehicle titles to customers. The lawsuit accuses Jeffrey Corfman, Derek Rutter and their business, Tri-Majestic…
U.S. auto dealer sentiment in the second quarter is similar to the first quarter as the overall current market index remained in negative territory. That is the finding of the…

Industry Expects Tariffs to Boost Prices

June 08, 2019
The threat of new tariffs on goods from Mexico, including automobiles and auto parts, is on hold for now, but manufacturers and dealers continue to worry about the impact of…
CarsArrive Network launched its consumer-direct vehicle transportation and logistics services. This new retail relocation business, called CarsArrive Auto Relocation, will serve consumers directly, whether as individuals or as corporate/commercial clients.…
The Wisconsin Department of Transportation (WisDOT) Division of Motor Vehicles recently revoked a used-car dealer’s license for failing to meet the state’s requirements for selling vehicles. The order, issued by…
New-vehicle retail sales are expected to fall in May from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to…
The Conference Board Consumer Confidence Index improved in May, following an increase in April. The Index now stands at 134.1, up from 129.2 in April. Consumers’ outlook for the labor…
AUL Corp. (AUL) in partnership with Vision Dealer Solutions, launched an AUL branded F&I menu platform. The new platform will offer all of AUL’s F&I products ranging from extended warranties,…