TIADA Delegation Travels to D.C. to Meet Congress Members
TIADA sent a delegation to Washington D.C. this week to participate in the NIADA National Policy Conference and discuss tax reform, repealing of the arbitration rule, used motor vehicle recalls and reforming the CFPB. They met with several lawmakers including Senator Ted Cruz, Congressman Joe Barton, Congressman Henry Cuellar, Congressman Marc Veasey, Congressman Roger Williams, as well as a host of legislative staffers. Read more about the issues they discussed and see photos from the trip in our latest blog post.
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What Constitutes a Breach of the Peace When Repossessing a Vehicle?
We have received several questions recently through our Compliance Consultation Service from dealers who have found a person or animal inside of a vehicle they were trying to repossess. Under Texas law, lienholders are allowed to repossess a vehicle as long as they don't create a "breach of the peace." In this video, TIADA's Amber Hackett Crosby explains what a breach of the peace is and what options dealers have if they find themselves in these situations.
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Better BHPH Financials: How to Get Organized for Growth
Presented by Dan Keller, CPA
CliftonLarsonAllen
Tuesday, October 17
San Antonio
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 demonstrate how better organizing your financial and operations structures can be the key to growing your own portfolio.
REGISTER NOW >
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Remember These Guidelines to Stay Safe at Auctions
Most dealers have attended so many auctions in their careers they could not even count them. However, this familiarity can lead some to be less mindful of their surroundings and lead to dangerous consequences.
It is easy to be distracted by the buzz of activity that happens during an auction and forget or ignore safety guidelines.
Recently we spoke with Rich Levene of
ADESA Austin regarding auction safety. He explained keeping dealers safe is one of their top priorities for each and every auction. Part of keeping people safe is working to remind them of safety guidelines that too often are either forgotten or ignored. In
this blog post, we share some of the guidelines that Levene emphasized will help ensure dealers always return home safe.
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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!
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3 More Reports Question CFPB's Actions and Structure
Recent projects completed by the Competitive Enterprise Institute and the Cato Institute again delved into unsatisfactory assessments of the Consumer Financial Protection Bureau. Coinciding with House Republicans chastising the CFPB over its investigation of Wells Fargo, a wide-sweeping survey conducted by the Cato Institute found that participants agree with an assertion previously made by the Consumer Bankers Association - that the bureau should be run by a commission rather than a single director.
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Cox Automotive Makes Two Key Leadership Changes
The head of Cox Automotive's auction arm Manheim is moving to a new role in the company and is being replaced by a veteran Manheim executive. Cox has named Janet Barnard its "chief people officer," replacing longtime human resources leader Rock Anderson, 56, who will assist with Barnard's transition before he retires.
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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.
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Mazda Recalls 58,000 Mazda6 Sedans for Loss of Power Steering, Airbags
Sometimes, it can take years between when an automaker first receives a field report and the recall that eventually follows. After receiving its first report in 2015, Mazda's finally recalled some Mazda6 sedans. Mazda has issued a voluntary recall for 57,878 examples of the 2015-2016 Mazda6. The build dates of these vehicles range between Nov. 3, 2014 (the start of 2015 production), and Dec. 9, 2015 (the date the problem was remedied on the line).
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Task Force Busting Fake License Plates Forced to Shut Down
It's a massive problem in North Texas and it's driving by you everyday: fake paper license plates. Consumer Justice Investigator Cristin Severance found out the task force dedicated to catching those crooks is being forced to shut down. It's called the Dallas County Clean Air Task Force - a misleading name for a group whose mission is to get fake paper tags off the road. The task force is made up of four traffic enforcement deputies and ten detectives. They say 90% percent of the paper plates on the roads are fake. The plates are mainly used to hide either the vehicle or the driver from the law. "And it's not just a certain part of the county," said Deputy Jerry Cox, "It's the whole North Texas area."
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California Considers Its Own Ban on Combustion-Engine Cars
The internal combustion engine's days could be numbered in California, where officials are mulling whether a ban on sales of polluting autos is needed to achieve long-term targets for cleaner air. Gov. Jerry Brown has expressed an interest in barring the sale of vehicles powered by internal-combustion engines, Mary Nichols, chairman of the California Air Resources Board, said in an interview Friday at Bloomberg headquarters in New York. Brown, one of the most outspoken elected official in the U.S. about the need for policies to combat climate change, would be replicating similar moves by China, France and the U.K.
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Volvo Just Launched a New Subscription Service for Its Cars - But It's a Bad Deal for Consumers
Volvo is rolling out a new alternative to traditional car buying or leasing, called Care by Volvo. It's essentially an elaborate rental arrangement, eliminating loan/leasing down payments and insurance requirements while adding a suite of concierge services. Volvo described it as a "premium subscription" and will offer it when a new compact crossover SUV, the XC40, hits the market. The vehicle was unveiled on Thursday in Italy.
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