Navigating the Challenges of Vehicle Valuation in the Automotive Industry In the fast-paced field of car dealerships and sales, understanding the difficulties of vehicle valuation is important for protecting fair transactions. While consumers are focused on getting the best value for their trade-ins, it’s critical for dealerships to maintain transparency and accuracy. In this insightful...Read More

KBRA’s Evaluation of Foursight Capital’s Auto Receivables Performance Understanding the Rating Assignment for Foursight Capital Automobile Receivables Trust 2023-2 In a move that impacts the financial landscape, KBRA (Kroll Bond Rating Agency) has unveiled preliminary ratings for five distinct classes of notes issued by Foursight Capital Automobile Receivables Trust 2023-2 (FCRT 2023-2). This asset-backed security...Read More

If you ever wonder if California Lemon Law applies to RV’S, the answer is, YES! In California, recreational vehicles (RVs) are protected under the state’s Lemon Law just like any other type of motor vehicles. This means that car dealerships must comply with the law and consumers may be eligible for compensation if their RV...Read More

OFAC stands for the Office of Foreign Assets Control, which is a division of the US Treasury Department. For car dealerships, OFAC has regulations that prohibit them from doing business with certain individuals or organizations that are on a list of “specially designated nationals” (SDN) or “blocked persons.” This means that car dealerships are required to check the...Read More

Exploring the Financial Implications and Considerations When purchasing a vehicle, customers often face the dilemma of negative equity, which occurs when the remaining balance on their current auto loan exceeds the trade-in value of the vehicle. Adding negative equity to the purchase price of a subsequent vehicle can be a complex financial decision that requires...Read More

CARFAX and SafeDealsAI Work Together to Warn Dealers and Consumers of the 2.5M Recalled Vehicles on the Road Early in May, BMW, Ford, Honda, and Fiat Chrysler issued critical warnings for specific vehicle models due to safety recalls. BMW joined the list by issuing a “Do Not Drive” warning for 90,000 vehicles built between 2000...Read More

When it comes to dealer agreements with finance companies and bond companies, there are clauses that can significantly increase your liability as a dealership. It is crucial to understand these clauses before signing any agreements with finance companies or bond companies to protect yourself and your business. One common clause found in dealer agreements with...Read More

In Quillen v. Car City, Inc., the California Court of Appeals recently reversed the trial court’s decision by saying that there was no evidence presented at trial proving that the dealer’s alleged oral representation was actually false. The alleged representation by the dealer representative was that the car was safe. The Court of Appeals found...Read More

Used cars are becoming increasingly popular as more and more people are looking for affordable options when it comes to purchasing a vehicle. An important factor for dealers in this industry is understanding the ECOA (Equal Credit Opportunity Act) regulations, which can help protect both buyers and dealers from potential issues during the car-buying process. ECOA is...Read More

The DMV just officially confirmed that Online Sales & Delivery are allowed and provided Compliance Guidance.  KEY NOTE: The DealerXT Tablet covers many of the disclosures and compliance requirements of the DMV, including the No Cooling Off Period, Foreign Language Disclosures, Right to Inspection Notices, and many more. The Official DMV Newsletter is attached for your...Read More