TIADA UPDATE
TIADA News
Dealer Education
BHPH Compliance: A Comprehensive Workshop

Presented by Michael W. Dunagan
TIADA General Counsel
 
Monday, May 8 - Austin
 
This revitalized seminar from TIADA General Counsel Michael W. Dunagan is the final answer in BHPH compliance. Mike speaks dealer, and with over 40 years of experience representing hundreds of BHPH dealers, he knows your business inside and out. 

New topics for 2017 will include: 

  • Your right to insurance proceeds
  • Using courts to get your car back
  • Properly handling financing on repairs
  • How to prepare for (and survive) an OCCC audit

REGISTER NOW >

Texas Dealer Magazine - May Issue

The May issue of Texas Dealer is now available online at txiada.org. This month, we examine the Nut and Bolts of Adding a Rental Car Service to you dealership. Also, Michael W. Dunagan explains What You Can Do If a Lien Is Erroneously Dropped.

60-Day Rule Subject of Increasing Comptroller Audits

If you defer sales tax you must read our latest blog post from TIADA General Counsel Michael W. Dunagan. He discusses the 60-Day Rule for transferring titles and what important steps you must follow to avoid issues in a Comptroller audit.  

Survey: How Old Are Most of the Vehicles Sold at Your Dealership?

Sara Hasson, SVP Strategy and Insights-Automotive for Univision, will be a featured speaker at the TIADA Annual Conference & Expo, July 23 - 25, 2017. Don't forget to register today and reserve your spot! 

During her presentation, she will be giving an overview of the Hispanic population as it relates to used car sales in Texas as well as sharing studies of what they buy, where they buy and what makes them buy. She also wants to hear from you! Take our survey below and let Sara know the age of the vehicles you sell. She will incorporate the results into her conference presentation. 


TIADA Legislative Update 

In the video below, Executive Director Jeff Martin gives an update on two bills TIADA is sponsoring, House Bill 2949 and House Bill 2097. 
INDEPAC - Your Political Action Committee in Action

Dealer Education
Sell More, Profit More

Presented by Brent Carmichael 
Executive Conference Moderator,  20 Groups
NCM Associates

Monday, May 15 - Houston

These have been some challenging few sales months in the Buy Here, Pay Here industry, aided by another odd tax season and depletion in inventory. Dealers are finding that every sales opportunity needs to be capitalized on and that's where this seminar can help.  Sell More, Profit More is designed to help you and your sales teams maximize your selling opportunities.

Industry News
Used Car Apps Try to Prove Their Business Isn't a Lemon

In the last few years, venture capitalists got really excited about used cars. They thought selling cars online or through mobile apps could upend the pre-owned auto market and make dealerships irrelevant. Investors pumped more than $860 million into four companies-Beepi, Carvana Co., Vroom Inc. and Shift Technologies Inc.-from 2013 to 2016.

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Value Is Not Extinct with 2DollarCars

All cars sold with a TWO DOLLAR reserve, no gimmicks, no games. Many sold on GREEN LIGHT. View all of our fresh wholesale inventory and get monster rebates. Need help? Email [email protected]  MORE > 
Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds

Depending whose money they're using, Wells Fargo & Co. and JPMorgan Chase & Co. either love subprime car loans or fear them. Both banks have grown more reluctant to make new subprime loans using money from their own balance sheets. Wells Fargo tightened its underwriting standards and slashed the volume of all loans it made to car buyers in the first quarter by 29% after greater numbers of borrowers fell behind on payments.

Toyota Recalls 228,000 Tacomas in U.S. for Differential Oil Leaks

Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil.  Differentials leaking oil could become damaged and stop working, causing a loss of vehicle control, Toyota said in a statement Thursday. Damaged rear differentials also create noise and reduce propulsion if the vehicle is driven without being repaired.

Free Webinar from Cox Automotive - Online Marketing for Independent Dealers

How does a small independent dealer compete with the Goliaths of the marketplace? They use the internet to level the playing field. in this series of free webinars from Cox Automotive, dealers will learn how their online marketing strategy helps them reach ready-to-buy shoppers in their local market. Register below:



Luxury Shoppers Drive Uptick in Used-Car Interest for Q1

Jumpstart Automotive Media discovered a 6-percent uptick in shopping for used cars across its portfolio of sites during the first quarter, which it attributes to a rise in shoppers looking for used luxury vehicles, in particular. Used luxury shopping is up 11 percent year-over-year, while down 3 percent for new, according to Jumpstart's latest quarterly report, titled "Share of Shopper Interest Highlights."

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NABD's Shilson Discusses Succession Plan

Ken Shilson and the National Alliance of Buy-Here, Pay-Here Dealers have been included in the same breath for decades. In a letter to NABD members obtained by BHPH Report on Monday, Shilson acknowledged that change is coming. Ahead of NABD's 19th annual National Conference, Shilson shared an update on how the organization is evolving, just like the changes unfolding in the BHPH business.

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