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Indiana Dealer Doc Fee Lawsuits Hang in Balance

Indiana Dealer Doc Fee Lawsuits Hang in Balance

A bill that would undo two class-action lawsuits accusing Indiana dealers of charging exorbitant document preparation fees could be signed or vetoed by Gov. Eric Holcomb this week or become law Monday if he takes no action.

April 18, 2019

Trump Touts Tax Cuts on Dealer Visit

Trump Touts Tax Cuts on Dealer Visit

President Trump kicked off a weeklong public awareness campaign for the 2017 Tax Cuts and Jobs Act with a visit to Nuss Truck and Equipment in Burnsville, Minn.

April 16, 2019

NADA: F&I Income, Penetration Rates Remain Strong

NADA: F&I Income, Penetration Rates Remain Strong

Despite escalating new-car prices and plateauing sales, NADA analysts report little change to American dealers’ per-copy average, penetration rates, and F&I income as a percentage of gross profit in 2018.

April 16, 2019

Lamborghini Adds Selezione CPO Program

Lamborghini Adds Selezione CPO Program

Lamborghini has launched a new certified pre-owned program in the U.S. and other markets, promising carefully maintained and thoroughly inspected and road-tested units to discerning used-car buyers.

April 12, 2019

Moreno Sells 7 Dealerships to Focus on Title Tech

Moreno Sells 7 Dealerships to Focus on Title Tech

Bernie Moreno has sold all but two of his auto dealerships to Canada’s Rafih group in an effort to devote himself more fully to his blockchain technology firm and its recently unveiled CHAMPtitles solution.

April 11, 2019

Wisconsin to Accelerate Dealer Fraud Investigations
Lori Church Is a Swiss Army Knife for John Elway Dealerships
FCA Settles Dealer Antitrust Suit

FCA Settles Dealer Antitrust Suit

Fiat Chrysler has settled a lawsuit brought by seven dealers who leveled charges of antitrust violations and breach of contract in federal court, claiming the factory and competing dealerships conspired to falsify new-vehicle sales reports.

April 8, 2019

Indiana AG Continues Crackdown on Dealer Mailers

Indiana AG Continues Crackdown on Dealer Mailers

Indiana Attorney General Curtis Hill has charged a Texas company with sending deceptively worded prize notification-style mailers to 2.1 million residents on behalf of Indiana auto dealers.

April 8, 2019

Tesla Sales Fall 31% in Q1, Stock Follows

Tesla Sales Fall 31% in Q1, Stock Follows

Shares of Tesla Inc. fell by 9% following an underwhelming first-quarter sales report, but executives say they have the demand and capital they need to meet their 2019 production goals.

April 4, 2019

Tesla and the 1% Problem

Tesla and the 1% Problem

For all its missteps, Tesla Inc. finally found its footing in 2018, eking out a 1.2% market share and renewing concerns shared by established manufacturers and brick-and-mortar dealers.

April 4, 2019

NHTSA Formalizes Hyundai, Kia Fire Investigations
March Sales Down 3.1% as SAAR Soars

March Sales Down 3.1% as SAAR Soars

The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.

April 3, 2019

Indiana AG Wins $88K Judgment Against BHPH Dealer

Indiana AG Wins $88K Judgment Against BHPH Dealer

Indiana Attorney General Curtis Hill announced a former Indianapolis dealer will pay $55,000 in civil penalties and $33,536 in restitution for violations of various state consumer protection standards.

April 2, 2019

Former Ark. Dealership Employee Arrested on Embezzlement, Fraud Charges