AutoZoom

04/21/2022

Auto Loan Default Rate Rises https://usedcarnews.com/index.php/component/k2/item/3349-auto-loan-default-rate-rises www.autozoom.com

S&P Dow Jones Indices and Experian recently released data through March 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate rose two basis points to 0.48%. The a

04/20/2022

Black Book: Buyers Target Older Models https://usedcarnews.com/index.php/component/k2/item/3345-black-book-buyers-target-older-models via www.autozoom.com

The overall used-car market continues to decline, according to the straight dope from the Black Book Market Insights report. Older models (8-to-16-year-olds) had another week of outperforming newer model years, but then started to decline again. The spring/tax season market looks different and shor

04/19/2022

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California legislators have announced Senate Bill 1311, which will extend legal and financial protections for active duty and reserve service members and their families. Parts of the bill that specifically address the auto industry include: Enhance the ability of service members to terminate

04/19/2022

Dealer Group Donates $1 Million to Tech School https://usedcarnews.com/index.php/component/k2/item/3335-dealer-group-donates-1-million-to-tech-school via www.autozoom.com

The Jim Hudson Automotive Group is donating $1 million to Augusta Technical College to support a new technology facility. Over the past seven months, Augusta Technical College has worked with local automotive entities regarding the training needs throughout the region. The college’s flagship loca

04/16/2022

Dealer Group Enters $10 Million Settlement https://usedcarnews.com/index.php/component/k2/item/3328-dealer-group-enters-10-million-settlement via www.autozoom.com

North American Automotive Services, also known as Edward Napleton Automotive Group, will pay $10 million to resolve allegations of charging illegal fees, according to the Illinois Attorney General Kwame Raoul and the Federal Trade Commission. The settlement was filed with a complaint alleging Naplet

04/14/2022

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Before jumping to a conclusion it's important to remember that used cars don't provide dealers with below-the-line, off-the-sticker discounts and incentives for reaching sales goals, as they do with...

04/14/2022

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Tech-driven automotive logistics provider, ACERTUS, recently announced that Trent Broberg will succeed William Billiter as chief executive officer. Billiter, who co-founded the company and has served as CEO since 2010, will continue to function as a valued and strategic member of the board while h

04/14/2022

Happy Easter!

Support who you can when you can! Our local DFW businesses need our support.

04/14/2022

Dealer 20 Groups are a collection of 20 non-competing dealers with similar business models who meet on a quarterly basis to exchange ideas, identify best practices, resolve challenges and discover hidden opportunities.

04/13/2022

Inflation Keeps Rising https://usedcarnews.com/index.php/component/k2/item/3321-inflation-keeps-rising via www.autozoom.com

The Consumer Price Index for All Urban Consumers increased 1.2 percent in March on a seasonally adjusted basis after rising 0.8 percent in February, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all-items index increased 8.5 percent before seasonal adjustment. The index

04/12/2022

BSC America Celebrates 75th Anniversary https://usedcarnews.com/index.php/component/k2/item/3317-bsc-america-celebrates-75th-anniversary www.autozoom.com

BSC America’s Bel Air Auto Auction, one of the longest-running auto auctions in the country, marks its 75th Anniversary on April 13th and 14th. Expecting over 2,500 vehicles to cross the block and many customers to participate in the festivities, Bel Air is setting the stage for an event to rock

04/10/2022