Volvo Trucks and Jiangling Motors Terminate Proposed Chinese Acquisition Deal Volvo Trucks and Jiangling Motors have jointly decided to cancel the previously announced transaction regarding the acquisition of JMC Heavy Duty Vehicle Co. and its manufacturing site in Taiyuan, Shanxi province, China. After careful consideration, both parties have concluded that the conditions required for closing...Read More

Tariffs are expected to be implemented shortly on imported vehicles. This is causing a significant effect on vehicle sales and prices. Here is some information that has been shared with DealerXT. As of last weekend (March 29-30, 2025), sales of vehicles at new car dealerships have skyrocketed because customers expect a 20-25% increase in price...Read More

FTC CARS Rule: Revolutionizing Transparency and Integrity in the Automotive Marketplace The Federal Trade Commission (FTC) has introduced the Combating Auto Retail Scams (CARS) Rule, marking a significant step forward in securing transparency and fairness in the automobile retail sector. This comprehensive guide dives into the heart of the CARS Rule, revealing how it aims...Read More

In order to maintain compliance with California law regulations, motor vehicle dealerships must obtain a surety bond in the amount of $50,000 as a part of the licensing process. This bond is also known as auto dealer bond or car dealer bond. Some incorrectly assume the dealer bond is meant to provide protection or insurance...Read More

No need to wait for the future. The future is already here! As a car dealership, there are several ways in which AI can be useful for you right away. For example: AI-powered solutions can help car dealers prevent fraud and protect them against false customer claims and frivolous lawsuits such as with DealerXT. In this...Read More

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