NEW INFO: Learn how will the current proposed tax code affect your dealership
Crackdown on SCRA Repo Violations - What Dealers Should Know
Last month, the Department of Justice reached a settlement with CitiFinancial, in which CitiFinancial agreed to pay over $900,000 to servicemembers whose vehicles CitiFinancial repossessed in violation of the Servicemembers Civil Relief Act (SCRA). In recent years other lenders such as Wells Fargo & Co. and HBSC Finance Corp. faced fines for the SCRA violations. High-dollar settlements make headlines, but auto financing originators and servicers of all sizes are on notice: ignore the SCRA at your peril. In our latest blog post, we examine what a dealer should know to avoid running afoul of this law.
Presented by Michael W. Dunagan TIADA General Counsel
Thursday, October 26
Online
The threat of repossession, or a completed repossession, is frequently the "trigger" that results in a customer filing for bankruptcy protection. Mike is an expert on repossession law. This virtual workshop will cover the basics of repossession law in Texas, how repossession is treated under the Bankruptcy Code and how dealers can protect their investments without putting themselves at legal risk. REGISTER NOW >
How Can You Confirm That Your Out-Of-State Lien Was Recorded?
From time to time, a customer moves to another state. Rarer still, there are times when a customer moves to another state and actually notifies the lienholder of the move and requests that the vehicle be registered in the new state. In such a situation, it is critical that your lien be perfected with the new state's motor vehicle division. In this blog post we provide a snapshot of a few neighboring states' lien recording requirements:.
Find Vehicles with the 2017 Inventory Resource Directory
TIADA has launched the Auto Inventory Resource Directory to assist Texas independent dealers faced with higher than usual prices and limited inventory due to the recent hurricanes. Browse the directory to find an auction that fits your needs!
Later this year
TxDMV will be updating the
eTAG and
webDEALER systems in order to make them more user friendly. The biggest change will be that the eTAG system (used for Buyer tags, etc.) will be located within webDEALER. This will allow dealers who are signed up for both systems to print a Buyer tag and complete a title application, without having to login to different TxDMV applications. All eTAG users will log into webDEALER with their current eTAG username and password to access eTAG even if they have not previously used the webDEALER system. All webDEALER users will log into webDEALER as usual. TxDMV will provide more information on these changes and future training in the coming weeks.
Hurricanes Send Manheim Used-Car Price Index Higher
Americans replacing vehicles lost in Hurricanes Harvey and Irma pushed used-vehicle prices higher in September. In a related move, Manheim has refined its estimates of vehicle losses caused by those hurricanes. Wholesale used-vehicle prices increased 2.8 percent from August. The Manheim Used Vehicle Value Index, which measures wholesale prices adjusted for vehicle mix, mileage and season, rose to a record 134.9, a fifth straight monthly record high and 6.3 percent higher than a year ago.
We make it easy for you to buy the inventory you need. In addition to LIVE SALES Tuesdays at 2:00 p.m., Texas Direct Auto Auction also offers weekly ONLINE SALES Fridays from 10:00 a.m. to 3:00 p.m., giving you the freedom to buy cars on your schedule.
Fiat Chrysler Recalls 710K Jeep Grand Cherokees, Dodge Durangos
Fiat Chrysler is recalling nearly 710,000 Jeep and Dodge SUVs in North America because an improperly installed brake shield could let water leak in and limit braking ability. The recall covers 2011 to 2014 Jeep Grand Cherokees and Dodge Durangos.
