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Complianceby StaffMay 19, 2016

Labor Department Publishes New Overtime Pay Rule

The finalized rule updating overtime regulations will automatically extend overtime pay protections to more than four millions workers within the first year of implementation. The NADA said it is developing outreach materials on the rule’s impact on dealerships and is evaluating potential participation in potential litigation and Congressional oversight.

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F&Iby StaffMay 19, 2016

Wise F&I Integrates With MenuSys

The connection will allow dealers to rate and contract Wise F&I's product line electronically through MenuSys, ensuring up-to-date pricing and product information.

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F&Iby StaffMay 19, 2016

LoJack Recovered $112 Million in Stolen Vehicles in 2015

The most targeted vehicles were those worth more than $30,000. However, the average value of recovered vehicles in 2015 was $10,287. Thieves are also targeting specific vehicle colors, with black and white cars accounting for 20% and 18% of vehicles recovered, respectively.

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Auto Financeby StaffMay 19, 2016

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

The 500,000 units sold in the first three months of the year has California dealers on track to sell more than million units in 2016, according to the California New Car Dealers Association.

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Auto Financeby StaffMay 18, 2016

Reuters: Trump to Release Plan for Dismantling Dodd-Frank

Republican Presidential candidate Donald Trump told Reuters he would release a plan in about two weeks for overhauling the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

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Dealer Opsby StaffMay 18, 2016

Motor Vehicle Software Corp. Launches Automated ERT Platform

The platform is designed to enable vehicle-to-government transactions across the entire lifecycle of a vehicle. After the platforms launch in Oregon, the company plans to expand it to California, Virginia and Illinois by the end of the year.

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Showroomby StaffMay 18, 2016

New Dry-Erase Hang Tags Offer Potential Cost Savings

The hard plastic, dry-erase tags give dealers the ability to reuse them instead of throwing them away, as is the case with traditional paper tags. These tags also eliminate the possibility of misprints due to their dry-erase nature.

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F&Iby StaffMay 18, 2016

Selly Automotive Announces Integration With Skywerks DMS

The integration will eliminate redundancies while increasing dealer efficiency, according to the announcement. Now both new and existing Skywerks dealers will be able to take advantage of the Selly Automotive platform, the announcement adds.

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Dealer Opsby StaffMay 18, 2016

Hyundai Santa Fe Sport Earns IIHS TOP SAFETY PICK+

The TOP SAFETY PICK+ is IIHS’ highest award. In order to receive this award, a vehicle must attain a good rating in the institute’s five occupant protection tests and an advanced or superior rating for an available front crash prevention system.

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F&Iby StaffMay 18, 2016

CFPB: 20% of Single-Payment Auto Title Loans End in Repossession

A report form the CFPB found that about 20% of auto title loan borrowers end up having their car or truck seized by the lender for failing to repay their debt. Eighty percent fall into a debt trap, with more than 66% having to take out seven or more consecutive loans to fully repay their debt.

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