How DealerXT’s Arbitration Addendum Helps Dealerships Reduce Legal Costs and Risk When it comes to managing legal risk, one overlooked but critical detail in a dealership’s retail installment sales contract and paperwork is the Arbitration Agreement. Many dealers assume that these contracts and agreements are standard. They are not!! — Strategic Faults and Higher Costs in...Read More

Safeguarding Customers and Providing Quality Car Sales Providing safe vehicles to customers should be a top priority for automotive dealerships. Conducting at least a safety inspection on a vehicle before sale is not only a responsible business practice but also a legal and ethical obligation. This article explores the reasons why dealerships should prioritize safety...Read More

In March, a press release was published from the Attorney General of California, Rob Bonta, regarding the failure of Kia and Hyundai to address theft-prone vehicles. The press release explains that the two companies have continued to sell vehicles that are highly susceptible to theft despite knowing about the issue for several years. The Attorney...Read More

In a decisive victory against Auto Fraud Legal Center (Hawk Berry, Josh Green), Auto Legal Group (ALG) proved that a buyer’s claim of verbal misrepresentation was brought in bad faith. Not only was the case dismissed, but the dealer was also awarded its attorney’s fees and costs — a rare and powerful outcome in arbitration....Read More

Are you a car dealer looking for the best way to buy cars at the auction? With so many auctions available, it can be overwhelming and difficult to know what methods are proven to get you the most value for your money. To ensure that you make smart investments when buying cars from auctions, it...Read More

Restructuring Priorities: A Strategic Move Towards Direct Auto Financing Optimizing the Balance Sheet and Relationship-based Lending Citizens Financial Group recently made an important announcement, revealing its decision to cease originating indirect auto loans effective July 1, 2023. This strategic move is part of the group’s overarching strategy to optimize its balance sheet and place greater...Read More

The SMOG laws in California require that all vehicles be inspected and certified to meet certain emissions standards before they can be registered or sold in the state. This requirement applies to both new and used vehicles, including those sold by dealerships. For car dealerships specifically, they are required to have all vehicles they sell...Read More

Exploring the Surprising Inventory Buildup and its Relationship to Government Support for EVs In a surprising move, Ford Motor recently made headlines by announcing significant price reductions for its electric vehicle (EV) lineup. The company’s flagship electric truck, the F-150 Lightning, saw its price drop from $59,974 to $49,995. While Ford attributes this price cut...Read More

Recently, crude oil futures dropped by over 4%, due to the abundance of supplies and doubts about the global economy’s growth. At the same time, interest rates are also on the rise, which could lead to a decrease in fuel demand, which leads to skepticism about the future price of oil futures. There was a...Read More

According to AutoNews.com, in 2023, car dealerships face an ever-increasing threat of fraud. Unscrupulous buyers are increasingly exploiting loopholes in the system by using fake IDs and other false documents to commit car fraud. This growing problem is putting car dealerships at risk of financial losses, legal action, and reputational damage. As part of successfully counteracting...Read More