How Much Do Texans Love Trucks?
Trucks have always been popular with American drivers, and more and more car buyers are choosing to purchase them as gas prices have remained relatively stable. As many dealers know, Texans are especially fond of their trucks. But how many trucks are on Texas roads compared to the rest of the country? Take our trivia quiz below and find out.
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No Driver's License? Can a Customer Still Buy a Car?
A member recently called the TIADA
Compliance Consultation Service (CCS)
for advice in dealing with a pending lawsuit. The member sold a car to a customer who did not present a valid driver's license at the time of purchase. The customer
did
present ID that the State of Texas deemed acceptable.
In our latest blog post, we describe what forms of identification dealers must request to protect themselves from liability.
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Legislature Passes Bills to Reduce Regulator Burden, TIADA Waits for Governor's Signature
With less than a week to go in the 85th Legislative Session, lawmakers have passed two TIADA-supported bills designed to eliminate unnecessary government regulation that burdens dealers. Both bills, House Bill 2067 (Oliveira) and House Bill 2949 (Holland) now head to Governor Greg Abbott's desk to await his signature before they become law.
For a breakdown of how these bills will make operations of dealerships more efficient, as well as a recap of other legislation TIADA supported and followed this session, visit our Legislation Action Center to read our
latest blog post.
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Better BHPH Financials: How to Get Organized for Growth
Presented by David Keller, CPA
CliftonLarsonAllen
Tuesday, June 20 - Houston
The craziness of a busy BHPH operation can make it tough to plan for future growth. But sometimes you need to take a few hours off from working IN your business so you can work ON your business. This 1/2 day seminar will demomstrate how better organizing your financial and operations structures can be the key to growing your portfolio.
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Complete TIADA's Membership Survey, Win $75
On May 17th, the TIADA 2017 Membership Survey was emailed to all dealer members. We would like to thank all the members who have completed it. For those that have not, please open the email and take five minutes to finish the survey before June 1st. Those who complete the survey will be entered into a drawing to receive one of three $75 gift cards. But most importantly, your feedback will help us better represent the needs and interests of TIADA dealers.
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TIADA Closed for Memorial Day
The TIADA office will be closed on Monday, May 29th in observance of Memorial Day. The office will reopen on Tuesday, May 30th at 8:30 a.m.
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Maintaining Auto Payment No Longer Top Consumer Priority
TransUnion discovered that maintaining payments on that vehicle installment contract no longer is the top priority when the holder hits a rough financial patch and has to adjust to being short on monthly income. When faced with the choice of which debts to pay and which to miss, the latest TransUnion study found that consumers in financial distress tend to prioritize unsecured personal loans ahead of other credit products such as auto financing, mortgages and credit cards.
READ MORE >
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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 >
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It's a Buyer's Market for Used Cars, Edmunds Report Finds
Memorial Day used-car shoppers will be test-driving and deal-making in one of the strongest buyer's markets in recent memory, according to the latest Edmunds Used Vehicle Market Report. An ever-growing glut of vehicles coming off lease means shoppers who want a car between 3 and 4 years old will have a huge selection from which to choose.
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U.S. Regulators Approve VW Diesel Fix for 84,000 Vehicles
The U.S. Environmental Protection Agency and California Air Resources Board on Friday announced approval of a fix for about 84,000 older Volkswagen diesel vehicles that can emit excess emissions. Volkswagen, the world's largest automaker, agreed last year to offer to buy back up to 475,000 2.0-liter diesel vehicles that had been sold in the U.S. or offer fixes if regulators approved.
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U.S. Regulators Open Probe into Recall of Nearly 1.7 Million Hyundai, Kia Models
U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday. A South Korean whistleblower reported concerns last year to the U.S. National Highway Traffic Safety Administration (NHTSA), which will probe the timeliness of three recalls carried out in the United States and whether they covered enough vehicles.
READ MORE >
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6 Recommendations to CFPB Regarding Alternative Data
As the Consumer Financial Protection Bureau takes a closer look at alternative data, the American Bankers Association delivered an eight-page comment letter containing a half dozen suggestions about the current and potential use of alternative data and modeling techniques in the credit process. Along with the suggestions, ABA also raised regulatory concerns, especially when using alternative data might trigger the CFPB to take action for what the bureau could allege as unfair, deceptive, and abusive acts and practices (UDAAP).
READ MORE >
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