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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]