What Does the Dealership Do With My Traded-In Car?
You’ve finally picked out the new car you’ve wanted at the dealership. Now you’re signing the papers to trade in your current car for this newer vehicle you’ve been eyeing. Once you get that money for your trade-in and hand ov.....»»
Couple sues Ill. dealership for hidden damage in used vehicle they bought, lawsuit says
A former Highland, Ill., dealership is facing a lawsuit for allegedly failing to disclose a used 2020 Ford Expedition it sold had been damaged in two collisions......»»
LaFontaine Automotive acquires 1st Mercedes-Benz dealership in Orin B. Hayes group acquisition
LaFontaine Automotive added its first Mercedes-Benz dealership to its portfolio in an acquisition on the west side of Michigan......»»
Reduced hours to stay at some car dealerships, owners say
Dealership owners say clipping just an hour or so a day — which many did during the COVID-19 pandemic and have since continued — has aided employee turnover and morale......»»
Used-vehicle retailer Vroom to cease e-commerce operations
Online used-vehicle retailer Vroom Inc. said it will wind down its e-commerce operations and used-vehicle dealership business......»»
E-commerce used-vehicle retailer Vroom to cease operations
Online used-vehicle retailer Vroom Inc. said it will wind down its e-commerce operations and used-vehicle dealership business......»»
Automotive News Dealership Salary Survey: 2023 average pay was $200K, but with 50-hour workweek
The average U.S. car dealership employee was expecting to earn $200,200 in wages, commissions and bonuses in 2023, according to the Automotive News Dealership Salary Survey. But that big money came with a 51.9-hour workweek, the survey found......»»
Auto retail professionals make great money — but men make an average of $74,300 more
Though men and women in the car dealership industry both make far more money than the average U.S. worker, a man on average expected to bring home $74,300 more than what the average woman expected to make in 2023, according to the Dealership Salary S.....»»
Pay, flexibility, career growth keys to auto retail retention
Changes to pay and work schedules are two ways to retain auto retail employees who are considering leaving the job, according to the Automotive News Dealership Salary Survey and Hireology CEO Adam Robinson......»»
Judge rejects Minn. Ford dealership"s attempt to halt opening of competing store
A federal judge has rebuffed a bid by a North Branch, Minn., dealership to prevent Ford Motor Co. from approving a new point 27 miles from its store......»»
VinFast reports 34,855 global sales for 2023, below its forecast
The Vietnamese automaker, which is setting up a U.S. dealership network, said economic headwinds and a slow EV adoption rate in some markets hurt sales for the year......»»
Flexible dealer loans paid back using vehicle and F&I sales
Dealer Benefit and Notre Dame Federal Credit Union have partnered up to create a dealership-specific loan program that launched Jan. 2......»»
Calgary judge rules dealership not at fault for BMW customer"s motor oil purchase, subsequent engine problems
A parts customer who bought oil not recommended by his vehicle's manufacturer cannot pursue a negligent misrepresentation claim against the Calgary dealership that sold him the oil, an Alberta judge has ruled......»»
How to watch, participate in FTC CARS Rule session Jan. 18
Auto dealers seeking more information about the Federal Trade Commission's upcoming CARS Rule regulating car dealership advertising and finance and insurance practices can attend a virtual FTC open meeting featuring the topic Jan. 18......»»
Dealership lawsuit over tampered Lamborghini odometer tossed by U.S. judge in Fla.
A U.S. district judge in Florida dismissed a Mercedes-Benz dealership's odometer misrepresentation suit against the North Carolina store that sold it a used 2019 Lamborghini Aventador......»»
DMS upstart Tekion brings on two new financial executives
The new executives are expected to help the dealership management system upstart successfully achieve plans for aggressive growth......»»
Do former regulators improve the quality of audits?
In their auditing capacity, accounting firms, such as the "Big Four"—Deloitte, EY, KPMG and PWC—function as watchdogs for publicly traded companies. They're tasked with ensuring financial disclosures are accurate and above board. But who watches.....»»
SEC’s X account hacked to post fake news of Bitcoin ETF approval
Someone has hijacked the X (formerly Twitter) account of the US Securities and Exchange Commission (SEC), and posted an announcement saying the agency has decided to allow the listing of Bitcoin ETFs (exchange-traded funds) on registered national sec.....»»
Asbury Automotive will test Tekion"s DMS platform
Asbury has long used market leader CDK Global for its dealership management system. The deal represents a victory for Tekion, which launched in 2016, and is a potential blow to CDK......»»
Penske Automotive expands U.K. footprint with 15-store Rybrook Group deal
The Penske-Rybrook deal includes four BMW, four Mini, four Volvo, two Land Rover and one Porsche dealership......»»
FTC, Connecticut: Nissan dealership didn"t certify CPO vehicles, inflated state fees
The Manchester City Nissan dealership in Connecticut charged customers unadvertised and unauthorized certified pre-owned fees, failed to obtain the certification advertised, put finance-and-insurance products into deals without consumer consent, and.....»»