TIADA UPDATE
TIADA News
Dealer Education
Collect the Cash, Not the Car

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

Monday, November 6 
Dallas

This has been a challenging year in the Buy-Here, Pay-Here industry, aided by another odd tax season and increased apathy by our customers in regards to their payments. Dealers are finding that every collection opportunity needs to be capitalized on and that's where this seminar can help. Collect the Cash, Not the Car is designed to help you and your collection teams maximize your collection opportunities.   

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Titling a Vehicle in the Name of an Entity

What happens when your customer wants to title a newly purchased vehicle in the name of their business? Or, in the name of their non-business organization? In our latest blog post, we examine the simple solution which boils down to which identification will be recorded on all title transfer forms.         

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Which Auto Parts Supplier Do You Use the Most? 

Where a dealer buys auto parts and what he or she pays for them can affect the bottom line as much as anything. We wanted to know, where do you get your auto parts. Take our survey below and let us know!

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Assistance Still Available for Those Affected by Hurricanes

After Hurricane Harvey and the flooding it brought devastated the Texas Gulf Coast this summer, Texas dealers stepped up in a big way. TIADA partnered with the NIADA Foundation to raise donations to help those dealers whose home, families, employees and businesses were impacted by the storm. Thanks to the generosity of their fellow dealers and friends in the industry, the NIADA Foundation has already distributed over $80,000 directly to those affected. The upcoming November issue of Texas Dealer details several stories of those helped by the fund.

There is still time for those who need assistance to apply. Simply visit the Hurricane Relief Fund page, download the form and fill it out. Then follow the instructions on where to send the completed form.    

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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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Industry News
Facebook Launches Marketplace for Cars with Dealers and Blue Book Pricing

Buy a car through Facebook, and the social network could earn a special place in your heart. So Facebook is creating a dedicated section of Marketplace for vehicles. You'll now be able to use new search filters to find a ride with a specific type, make, model, mileage, transmission, and more from both people and car dealerships like Edmunds, Cars.com, Auction123, CDK Global, and SocialDealer. You can check pricing against the industry standard Kelly's Blue Book. And you can use Messenger bots to communicate with dealers in real-time instead of filling out a contact form and waiting to hear back.    

3.2 Million Used-Car Sales Likely for October

Used-vehicle retail sales have continued tracking at an annual pace near 39 million units, according to a sales forecast released this week by Edmunds. The company is projecting 3.2 million used-car sales for October, which would be even with September. The seasonally adjusted annualized rate for used sales in October would be 38.9 million units, up slightly from the 38.8 million-unit annual pace last month, Edmunds said.

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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.  
Probe of Ford Fusion Steering Wheels That May Loosen, Detach

U.S. regulators are investigating complaints that steering wheels can come loose or fall off in the Ford Fusion, a midsize sedan. A person in Georgia told the National Highway Traffic Safety Administration that a steering wheel fell into their lap in a 2015 Fusion when turning into a gas station on Sept. 23.

Tracking Software Stays on Top of Loaners

For dealers, operating a large fleet of loaner vehicles efficiently can be a costly and perplexing exercise in aggravation. How many vehicles should be in the loaner fleet? How will you charge customers for the fuel they use? How about tolls or parking tickets? How many people are needed to run the loaner program? What about outsourcing? And, most importantly, what happens to a dealership's customer satisfaction scores based on the answers to those questions?  
 
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Increased Transparency in F&I

The F&I department is often one of the most lucrative profit centers in an auto dealership. This fact is not lost on the increasingly sophisticated buyers that spend $30,000 or more on vehicles. Returning customers remember how F&I 'handled' them in their prior interactions. The profit motivations of F&I managers are also heavily discussed in many areas of the internet. A simple search on the subject will quickly show the average dealership customer that F&I managers are often the second highest paid employees behind only sales managers or owners.   
 
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This Is the Most Googled Car in Texas

Is Ford not the best in Texas? According to a new map created by car maintenance company Gold Eagle, the most Googled car in Texas isn't a Ford. But it is a truck.

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